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 ...

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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 ...

Jabil, Inc. (JBL) reported healthy fourth-quarter fiscal 2024 results, with both the bottom and top lines surpassing the Zacks Consensus Estimate. However, weakness in multiple end markets, including networking, storage, digital print, retail, 5G wireless & cloud, led to a revenue contraction year over year. Growth in AI-powered data center is a tailwind.Net IncomeNet income on a GAAP basis in the quarter was $138 million or $1.18 per share compared with $155 million or $1.15 per share in the prior-year qua ...

Jabil (JBL) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.14%. A quarter ago, it was expected that this electronics manufacturer would post earnings of $1.85 per share when it actually produced earnings of $1.89, delivering a surprise of 2.16%.Over the last four quarters, the comp ...

Financial Performance - Jabil reported net revenue of $7.0 billion for Q4 FY24, with U.S. GAAP operating income of $318 million and core operating income (Non-GAAP) of $401 million[3] - For FY24, Jabil achieved net revenue of $28.9 billion, U.S. GAAP operating income of $2.0 billion, and core diluted earnings per share (Non-GAAP) of $8.49[4] - Net revenue for the fiscal year ended August 31, 2024, was $28.883 billion, compared to $34.702 billion in the previous year[18] - Gross profit for the fiscal year ended August 31, 2024, was $2.676 billion, down from $2.867 billion in the previous year[18] - Operating income for the fiscal year ended August 31, 2024, was $2.013 billion, up from $1.537 billion in the previous year[18] - Net income attributable to Jabil Inc. for the fiscal year ended August 31, 2024, was $1.388 billion, compared to $818 million in the previous year[18] - Diluted earnings per share for the fiscal year ended August 31, 2024, was $11.17, up from $6.02 in the previous year[18] - Core operating income (Non-GAAP) for the fiscal year ended August 31, 2024, was $1.588 billion, down from $1.733 billion in the previous year[22] - Core earnings (Non-GAAP) for the fiscal year ended August 31, 2024, was $1.056 billion, compared to $1.172 billion in the previous year[22] - Diluted core earnings per share (Non-GAAP) for the fiscal year ended August 31, 2024, was $8.49, down from $8.63 in the previous year[22] Cash Flow and Shareholder Returns - Jabil generated over $1 billion in adjusted free cash flow in FY24 and returned $2.5 billion to shareholders via buybacks[2] - The company authorized a new $1 billion share repurchase program[8] - Net cash provided by operating activities for the fiscal year ended August 31, 2024, was $1.716 billion, slightly down from $1.734 billion in the previous year[20] - Adjusted free cash flow for the fiscal year ended August 31, 2024, was $1.055 billion, compared to $1.026 billion in the previous year[24] Financial Position - The company's cash and cash equivalents increased to $2.201 billion as of August 31, 2024, compared to $1.804 billion in the previous year[16] - Jabil's retained earnings grew to $5.760 billion in FY24, up from $4.412 billion in FY23[16] Future Outlook - Jabil expects Q1 FY25 net revenue to range between $6.3 billion and $6.9 billion, with core diluted earnings per share (Non-GAAP) between $1.65 and $2.05[5][6] - For FY25, Jabil forecasts net revenue of $27.0 billion, core operating margin (Non-GAAP) of 5.4%, and adjusted free cash flow (Non-GAAP) of $1.2 billion[7]

Jabil Inc. JBL will release earnings results for its fourth quarter, before the opening bell on Thursday, Sept. 26.Analysts expect the Saint Petersburg, Florida-based company to report quarterly earnings at $2.22 per share, down from $2.45 per share in the year-ago period. Jabil is projected to post quarterly revenue of $6.59 billion, down from $8.46 billion a year earlier, according to data from Benzinga Pro.On Sept. 23, Jabil said it expanded silicon photonics capabilities to enable next-generation AI and ...

Jabil Inc. (JBL) recently announced a significant expansion of the production capabilities of its silicon photonics-based products in Ottawa, Canada, to support the escalating demands from hyperscalers and cloud and AI data centers. The company plans to introduce the additional capabilities at the end of fiscal 2024, focusing on advanced photonics packaging for new product introductions (NPIs).The NPI line will likely incorporate cutting-edge technologies to facilitate faster transitions from proof of conce ...