In the latest market close, Jabil (JBL) reached $128.29, with a +0.02% movement compared to the previous day. This change lagged the S&P 500's 0.39% gain on the day. Elsewhere, the Dow saw a downswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.6%.Heading into today, shares of the electronics manufacturer had gained 1.55% over the past month, outpacing the Computer and Technology sector's gain of 0.59% and the S&P 500's gain of 1.06% in that time.Investors will be eagerly watching for the perform ...

Jabil Inc. (JBL) recently launched ID8 Global, a joint venture with Cyferd Inc., a pioneer in AI and data technologies. This collaborative endeavor intends to provide a cutting-edge, generative AI-driven software platform capable of autonomously transforming supply chain and procurement management globally.Digging Deep Into JBL- Cyferd DealBy combining Jabil’s extensive expertise in global supply chain operations with Cyferd’s advanced AI capabilities, particularly its proprietary self-learning AI engine Ne ...

Financial Performance - For the fiscal year ended August 31, 2024, Jabil Inc. reported net revenues of $28.9 billion and net income attributable to Jabil Inc. of $1.4 billion[11]. - In fiscal year 2024, the five largest customers accounted for approximately 36% of net revenue, with 88 customers contributing about 90% of total revenue[43]. - Apple, Inc. represented 11% of net revenue in fiscal year 2024, down from 17% in 2023 and 19% in 2022[43]. - The effective tax rate may increase due to changes in tax laws and the potential enactment of a 15% global minimum corporate tax rate starting in fiscal year 2025[163]. - The company has recorded intangible assets, including goodwill, and may face impairment charges if economic conditions decline[173]. Business Segments and Strategy - Jabil's Electronics Manufacturing Services (EMS) segment focuses on high-volume production for industries such as 5G, wireless, and cloud, while the Diversified Manufacturing Services (DMS) segment emphasizes engineering solutions for automotive and healthcare sectors[13]. - Beginning September 1, 2024, Jabil will reorganize into three segments: Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce[14]. - Jabil aims to establish long-term customer relationships and diversify its product portfolio to align with higher return areas, including cloud infrastructure and healthcare[22][23]. - The company emphasizes global production to reduce obsolescence risk and secure competitive pricing through centralized procurement[25]. - Jabil's acquisition strategy focuses on complementing current capabilities and expanding into new industry sectors[27]. Workforce and Employee Development - The workforce as of August 31, 2024, totaled 138,000 employees, with a decrease driven by the divestiture of the Mobility Business[51]. - In fiscal year 2024, there were more than 21,000 internal promotions, highlighting the company's commitment to employee development[63]. - Jabil's compensation programs are designed to align employee pay with performance, ensuring competitive salary levels[58]. - The company has established Regional DEI Committees to enhance diversity, equity, and inclusion initiatives globally[55]. - Jabil conducted over 1 million volunteer hours in 2023, achieving this milestone for the second consecutive year[67]. Research and Development - Jabil's R&D efforts focus on advanced technologies including automation, AI, and sustainable materials to meet customer needs[41]. Risk Management and Compliance - The company faces significant challenges in fiscal year 2023 due to component shortages, particularly in the semiconductor industry, impacting production capabilities[96]. - Customer relationships with emerging companies present increased credit risk and financial exposure, potentially affecting financial results[100]. - The company relies on a limited number of customers for a significant percentage of net revenue, making it vulnerable to reductions in sales from these customers[93]. - Strategic and efficient component purchasing is critical, with rising inflation and supplier price increases impacting profit margins[95]. - The financial condition of suppliers can affect their ability to provide components, which may materially impact the company's operations[96]. - The company must effectively manage growth and operational demands to avoid adverse effects on results of operations[90]. - The company faces significant competition from both domestic and international electronic manufacturers, which may increase pricing and competitive pressures[108]. - The company is subject to risks associated with international trade disputes, which could result in tariffs and increased costs for components and raw materials[118]. - The company is exposed to intellectual property claims, which could result in significant legal expenses and operational disruptions[152]. - The company faces risks related to financial difficulties of customers and suppliers, which could lead to increased provisions for doubtful accounts and inventory write-offs[159]. - Cybersecurity risk management is integrated into the company's global enterprise risk management framework, focusing on identifying and mitigating key strategic risks[181]. - The company conducts regular risk assessments and employs operational controls to mitigate cybersecurity risks[182]. - The company is challenged by the need to maintain and improve its engineering and technological expertise in a rapidly changing market[112]. - The company must navigate various geopolitical risks, including the ongoing conflicts in Ukraine and the Middle East, which could impact its operations[119]. Environmental and Regulatory Compliance - Environmental regulations impose significant compliance costs, and failure to comply could lead to fines, penalties, and operational restrictions[146]. - The medical device business is subject to stringent FDA regulations, and noncompliance could result in enforcement actions and operational disruptions[142]. - Compliance with complex government regulations and industry standards is critical, as failure to comply could adversely affect reputation and profitability[138]. Operational Challenges - High turnover rates in the manufacturing sector in China pose a challenge for the company in retaining adequate labor[119]. - The company has previously faced challenges in achieving expected profitability from acquisitions, which may continue in the future[123]. - The company may encounter difficulties in integrating acquired operations and management, which could adversely affect its financial performance[124]. - Future restructuring charges may be required to align operations with global economic conditions, which could adversely impact operating results and cash flows[134]. - The company faces risks from disruptions to information systems, including potential cybersecurity threats that could lead to operational disruptions and increased costs[135]. - Energy price increases or shortages could negatively impact the company's operations and raw material costs[122]. Financial Instruments and Currency Risk - The Company enters into forward foreign exchange contracts to hedge against foreign currency exchange rate fluctuations, primarily in Chinese yuan, Euro, Malaysian Ringgit, Mexican peso, and Swiss franc[316]. - An immediate 10% hypothetical change in foreign currency exchange rates would not have a material effect on the Company's Consolidated Financial Statements[317]. - The Company has no outstanding borrowings under debt facilities with variable interest rates as of August 31, 2024, and August 31, 2023[318]. - A hypothetical 100-basis-point change in interest rates would not have a material effect on the Company's Consolidated Financial Statements[319]. - The Company periodically enters into interest rate swaps to manage interest rate risk, but there are no outstanding interest rate swaps as of August 31, 2024[320].

This contract electronics manufacturer has been struggling due to weakness in certain end markets, but the bigger picture appears to be bright. Jabil (JBL 0.07%) is not a household name in the technology sector; the company provides contract manufacturing services for many applications such as automotive, connected devices, networking and storage, data centers, and semiconductor manufacturing equipment, among others, rather than making popular products such as artificial intelligence (AI) chips or smartphon ...

Collaboration Showcased at the 2024 OCP Global Summit to Deliver AMD and Intel-Based Server Platforms for Enhanced Cloud SecuritySAN JOSE, Calif. and ST. PETERSBURG, Fla., Oct. 14, 2024 /PRNewswire/ -- 2024 OCP Global Summit – Axiado Corporation, a leading AI-driven, hardware-anchored platform security solutions company and Jabil Inc. (NYSE: JBL), a global manufacturing solutions provider, today announced their collaboration to develop AI-driven cybersecurity and Open Compute Project (OCP) compliant server ...

Jabil, Inc. (JBL) recently closed the acquisition of Mikros Technologies LLC, a leading manufacturer of liquid cooling solutions for an undisclosed amount. With this strategic move, JBL aims to expand its portfolio and match the growing demand for effective thermal management systems across a wide range of applications.Mikros boasts extensive expertise in developing cutting-edge liquid cooling technology, specifically microchannel cold plates, which optimize energy usage by providing efficient cooling for a ...

Michael Fitzsimmons is a retired electronics engineer and avid investor. He advises investors to construct a well-diversified portfolio built on a core foundation of a high-quality low-cost S&P500 fund. For investors who can tolerate short-term risks, he advises an over-weight position in the technology sector, which he believes is still in the early stages of a long-term secular bull-market. For dividend income, and as a 4th generation oil & gas man, Fitzsimmons suggests investors consider a position in la ...

Key TakeawaysJabil beat fourth-quarter profit and sales estimates on the soaring demand for artificial intelligence infrastructure products.The Apple supplier approved a $1 billion share repurchase.Jabil also announced a restructuring, including layoffs, which will cost $150 million to $200 million in fiscal 2025. Jabil (JBL) shares soared Thursday after the circuit board manufacturer posted better-than-expected results on artificial intelligence (AI) demand, authorized a stock buyback program, and launched ...

JABIL FOURTH QUARTER & FISCAL YEAR 2024 Financial Results and Investor Briefing PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 1 Fiscal Year 2024 Financial Results $28.9 BILLION NET REVENUE 5.5% CORE OP MARGIN1 $8.49 CORE EPS1 $1+ BILLION FREE CASH FLOW1 1 See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/ JABIL PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 2 New Business Segments REGULATED INDUSTRIES Focusing on regulated markets. • Automotive & Transportat ...

Jabil Inc. (NYSE:JBL) Q4 2024 Earnings Conference Call September 26, 2024 8:30 AM ET Company Participants Adam Berry - Senior Vice President, Investor Relations & Communications Greg Hebard - Chief Financial Officer Steve Borges - Head, Regulated Industries Matt Crowley - Head, Intelligent Infrastructure Andy Priestley - Head, Connected Living & Digital Commerce Mike Dastoor - Chief Executive Officer Conference Call Participants Ruplu Bhattacharya - Bank of America George Wang - Barclays Steven Fox - Fox Ad ...