Jabil Circuit Inc. announced that its Board of Directors has approved payment of a quarterly dividend to shareholders of record as of May 15, 2013. The dividend of $0.08 per share is payable on June 3, 2013.

Jabil Circuit Inc. reported unaudited consolidated earnings results for the second quarter and six months ended February 28, 2013. For the quarter, the company reported net revenue of $4,417,251,000 against $4,236,174,000 a year ago. Operating income was $149,041,000 against $150,218,000 a year ago. Income before income tax was $118,727,000 against $122,265,000 a year ago. Net income attributable to company was $88,533,000 or $0.43 per diluted share against $97,698,000 or $0.46 per diluted share a year ago. Core operating income was $170,222,000 against $176,158,000 a year ago. Core earnings were $109,345,000 or $0.53 per diluted share against $123,151,000 or $0.58 per diluted share a year ago. Return on invested capital was 16.9% against 20.5% a year ago. Core return on invested capital was 19.9% against 24.6% a year ago. For the six months, the company reported net revenue of $9,054,269,000 against $8,562,943,000 a year ago. Operating income was $319,322,000 against $321,060,000 a year ago. Income before income tax was $258,345,000 against $265,461,000 a year ago. Net income attributable to company was $194,380,000 or $0.94 per diluted share against $210,570,000 or $1.00 per diluted share a year ago. Core operating income was $362,757,000 against $370,739,000 a year ago. Core earnings were $237,102,000 or $1.14 per diluted share against $259,353,000 or $1.23 per diluted share a year ago. Net cash provided by operating activities was $305,684,000 against $5,228,000 a year ago. Acquisition of property, plant and equipment was $371,472,000 against $180,506,000 a year ago. The majority of these investments are being focused towards its Diversified Manufacturing Services segment. The company provided earnings guidance for the third quarter of fiscal 2013. For the quarter, the company expects net revenue to be in range of $4.3 billion to $4.5 billion, core operating income to be in range of $165 million to $185 million, core operating margin in the range of 3.8% to 4.1%, core earnings per share to be in range of $0.50 to $0.58 per diluted share, GAAP operating income to be in range of $144 million to $164 million and GAAP earnings per share to be in range of $0.40 to $0.48 per diluted share. Based on the current estimates of production, its tax rate on core operating income is expected to remain at 22% for the quarter. Capital expenditures for the full fiscal year 2013 were previously expected to be $500 million. The company now estimates these expenditures to be approximately $700 million. Tax rate on core operating income is expected to remain at 22% the fiscal year.

Jabil Circuit Inc. announced that they will report Q2, 2013 results at 4:30 PM, Eastern Standard Time on Mar 20, 2013