Financial Performance - Net revenue for the first quarter of fiscal year 2025 was $7.0 billion, a decrease from $8.4 billion in the same period last year[3]. - U.S. GAAP operating income was reported at $197 million, down from $303 million year-over-year[20]. - The company reported a net income of $100 million for the first quarter, down from $194 million year-over-year[20]. - Net income for the three months ended November 30, 2024, was $100 million, a decrease of 48.5% compared to $194 million for the same period in 2023[22]. - Core operating income (Non-GAAP) decreased to $347 million, down 30.4% from $499 million year-over-year[23]. - Diluted earnings per share (U.S. GAAP) decreased to $0.88, down 40.1% from $1.47 in the previous year[23]. Earnings and Cash Flow - Core diluted earnings per share (Non-GAAP) reached $2.00, compared to $1.47 in the previous year[3][20]. - Adjusted free cash flow generation is expected to be robust at $1.2 billion for the fiscal year[3][7]. - Adjusted free cash flow (Non-GAAP) increased to $226 million, compared to $173 million for the same period last year, representing a 30.6% increase[25]. - Net cash provided by operating activities was $312 million, down 30.3% from $448 million in the prior year[25]. Outlook and Projections - The company anticipates approximately $27.3 billion in net revenue for fiscal year 2025, with core operating margins of 5.4%[3][7]. - Second quarter fiscal year 2025 outlook for net revenue is projected between $6.1 billion and $6.7 billion[5]. - Core diluted earnings per share for the second quarter is expected to range from $1.60 to $2.00[5]. Assets and Liabilities - Total current assets increased to $13.228 billion from $12.791 billion as of August 31, 2024[18]. - Total liabilities rose to $16.178 billion from $15.614 billion[18]. Cash Management - Total cash and cash equivalents at the end of the period were $2,058 million, an increase from $1,550 million at the end of the same period last year[22]. - The company experienced a net decrease in cash and cash equivalents of $143 million, compared to a decrease of $254 million in the prior year[22]. - The company reported a net cash used in investing activities of $136 million, compared to $75 million in the same period last year[22]. - Cash paid for business and intangible asset acquisitions was $63 million, slightly up from $59 million year-over-year[22]. Restructuring Charges - The company incurred restructuring and related charges of $83 million during the quarter, down from $127 million in the same period last year[23].

Jabil Inc. JBL will release its first-quarter financial results, before the opening bell, on Wednesday, Dec. 18.Analysts expect the Saint Petersburg, Florida-based retailer to report quarterly earnings at $1.88 per share, down from $2.60 per share in the year-ago period. Jabil projects quarterly revenue of $6.61 billion, compared to $8.39 billion a year earlier, according to data from Benzinga Pro.On Sept. 26, Jabil reported fourth-quarter revenue of $6.96 billion, down by 17.7% year-on-year, beating the an ...

Jabil Inc. (JBL) is set to release first-quarter fiscal 2025 results on Dec. 18, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 3.14%. It pulled off a trailing four-quarter earnings surprise of 2.37%, on average.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The leading global supplier of electronic manufacturing services is likely to have witnessed a revenue contraction year over year in the first quarter of fiscal 2025. Soft d ...

The electronics manufacturing space is at an interesting juncture, with enormous focus on developing advanced technologies in AI, and building the future of technology, there is a massive opportunity out there for companies with the right strategy. Jabil (Gordon is a freelance investment writer from Glasgow, Scotland. With a Masters Degree in Civil Engineering, he also works in Asset Management, and runs a financial education company called Oak Investing with a wide following across 40 countries. With a pas ...

In the latest trading session, Jabil (JBL) closed at $135.19, marking a -0.47% move from the previous day. This change lagged the S&P 500's daily gain of 0.25%. Meanwhile, the Dow lost 0.29%, and the Nasdaq, a techheavy index, added 0.97%. Heading into today, shares of the electronics manufacturer had gained 6.39% over the past month, outpacing the Computer and Technology sector's gain of 0.06% and the S&P 500's gain of 3.51% in that time. The investment community will be closely monitoring the performance ...

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 ...