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To: LastShadow who wrote (10320)	6/16/1998 7:11:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Jabil Circuit Reports Third Quarter Results Earnings Increase 18 Percent ST. PETERSBURG, Fla.--(BUSINESS WIRE)--June 16, 1998--Jabil Circuit, Inc. (NYSE: JBL - news), electronics contract manufacturer to the world market for circuit board assemblies, today reported earnings for the third fiscal quarter of 1998 ended May 31, 1998. Revenue for the quarter increased 25 percent to $309.6 million compared to $247.6 million for the same period of fiscal 1997. Jabil's third quarter of fiscal 1998 net income increased 19 percent to $17.3 million or $.45 per diluted share compared with $14.6 million or $.38 per diluted share for the third quarter of fiscal 1997. Gross profit for Jabil's third quarter increased 24 percent to $39.8 million or 12.8 percent of revenues compared to $32.0 million or 12.9 percent of revenue for the corresponding quarter of fiscal 1997. Operating income for the third fiscal quarter of 1998 increased 17 percent to $25.8 million or 8.3 percent of revenue compared to $22.0 million or 8.9 percent of revenue for the third fiscal quarter of 1997. ''Earnings for the quarter were $.45 per share on revenues of $310 million,'' said Jabil Circuit President Thomas A. Sansone. ''Year over year, these results reflect an 18 percent growth in quarterly EPS. In addition to the Hewlett-Packard acquisition deal announced May 12th, we have established two significant new customers for next year and will launch an 180,000 square foot greenfield site in San Jose, California.'' Sansone said that the Company anticipates beginning California production in the second quarter of fiscal 1999.