Financial Data and Key Metrics - Q4 revenue was $8.5 billion, meeting the midpoint of guidance [6] - Core operating income for Q4 was $477 million, or 5.6% of revenue, up 60 basis points YoY and 80 basis points sequentially [6] - GAAP diluted EPS was $1.15, while core diluted EPS was $2.45, a 5% improvement YoY [6] - DMS segment revenue was $4.4 billion, up marginally YoY, with core operating margin at 6.1%, up 100 basis points YoY [7] - EMS segment revenue was $4 billion, down 13% YoY, with core margins at 5.2%, up 40 basis points YoY [8] - FY23 DMS revenue was $18 billion, up 8% YoY, with Automotive and Healthcare growing 42% and 12% respectively [8] - FY23 EMS revenue was $16.7 billion, with core margins at 5%, up 70 basis points YoY [9] - Q4 cash flow from operations was $686 million, with adjusted free cash flow for the year at $1 billion [10] - The company ended Q4 with $1.8 billion in cash and a total debt to core EBITDA ratio of 1.1x [10] Business Segment Performance - DMS segment saw strength in Auto and Healthcare, offset by weakness in Connected Devices [7] - EMS segment faced a revenue shift due to the transition to a customer-controlled consignment model, impacting cloud business revenue [8] - Industrial and Semi-Cap markets drove growth in renewables, with Industrial revenue expected to grow over 20% in FY24 [23] - Semi-Cap demand is expected to remain muted in FY24, with a focus on preparing for future growth [24] - Automotive and Transport business is expected to grow over 20% in FY24, driven by the global transition to EVs [25] - Cloud solutions are expected to grow over 20% in FY24, despite revenue headwinds from consignment [28] - Healthcare revenue is expected to grow 9% YoY in FY24, driven by digital healthcare trends [29] - Digital Print and Retail saw slower demand in legacy markets but growth in warehouse and retail automation [31] - Networking and Storage demand is expected to remain muted in FY24, with long-term growth expected from advanced optical networking [32] Market and Strategic Direction - The company is focusing on key growth areas such as electric vehicles, AI cloud solutions, renewable energy, and healthcare [12][15] - The pending sale of the Mobility business to BYD Electronics for $2.2 billion is expected to close in Q2 FY24 [13][35] - The company plans to accelerate share repurchases in FY24, with a $500 million accelerated buyback planned for October [40] - FY24 revenue guidance is $33 billion to $34 billion, with core operating margins expected to improve by 30 to 50 basis points [37] - The company expects to generate over $1 billion in adjusted free cash flow in FY24 [38] - Long-term, the company aims to achieve core operating margins of 5.6% or higher in FY25, with core EPS of $10.65 [43] Management Commentary on Operating Environment and Future Outlook - The company highlighted resilience in its business model, with core margins up 40 basis points to 5% and EPS up 13% in FY23 [14] - Management emphasized the importance of investing in high-growth areas like EVs, AI, renewables, and healthcare [15][16] - The Mobility divestiture is seen as a strategic move to focus on higher-margin businesses and improve capital allocation [17][18] - The company expects to benefit from long-term secular growth trends in key end markets, with 70% of FY24 revenue expected to come from EVs, AI cloud, renewables, and healthcare [33] - Management expressed confidence in navigating the current economic environment, citing diversification and resilience [43] Other Important Information - Inventory days improved by four days sequentially to 80 days, with net inventory days down to 58 [9] - The company repurchased 6.7 million shares for $487 million in FY23, with $776 million remaining in the repurchase authorization [11] - CapEx for FY24 is expected to be 2.2% to 2.5% of revenue, with a focus on strategic investments in automotive, healthcare, and renewable energy [38] - The company expanded its share repurchase authorization to $2.5 billion, with plans to execute $1.5 billion to $1.7 billion in buybacks by the end of FY24 [40][66] Q&A Session Summary Question: Margin Improvement Drivers - The margin improvement is driven by a mix shift towards higher-margin businesses like EVs, AI cloud, renewables, and healthcare, as well as footprint optimization post-Mobility divestiture [47][48] Question: Automotive Growth Sustainability - The company expects 20%+ growth in Automotive, driven by increasing content per vehicle and expanding OEM partnerships, with confidence in maintaining competitiveness [50][51][52] Question: CapEx and Footprint for Growth - The company has expanded its footprint in North America and Europe to support growth in energy storage and data centers, with CapEx expected to remain in the 2.2% to 2.5% range [55][56] Question: Cloud Business Growth and OSAT Packaging - The cloud business is expected to grow over 20%, driven by AI workloads and investments in liquid cooling and photonics, with OSAT packaging being a new area of focus [59][60][61] Question: Share Repurchase Plans - The company plans to execute $500 million in accelerated buybacks in October, with $1.5 billion to $1.7 billion in buybacks expected by the end of FY24 [65][66] Question: Networking and Storage Optimization - The company is optimizing its Networking and Storage portfolio, with some softness in demand and discussions with customers about program fit [70][71][72] Question: Inventory and Supply Chain - Inventory days improved to 55-60, with some supply chain constraints remaining in automotive and healthcare [75][76] Question: Interest Expense Guidance - FY24 interest expense is expected to be $290 million to $300 million, driven by variable rates [79] Question: Mobility Divestiture Impact - The Mobility divestiture will free up management bandwidth and capital to focus on higher-growth areas like EVs, healthcare, and AI cloud [81][82] Question: AI and Cloud Business Growth - AI represents 20%-25% of the cloud business, with expectations for growth in FY24 and beyond [85] Question: Consignment Model Impact - The consignment model is expected to stabilize, with no significant further increases in consignment levels [88] Question: Share Gains and Regional Growth - The company is gaining share in automotive, healthcare, and renewables, with growth opportunities in China, Europe, and North America [102][103][104] Question: Semi-Cap Business Outlook - Semi-Cap demand is expected to remain muted in FY24, with investments focused on optimizing footprint and capabilities for a rebound in late 2024 or early 2025 [109][110]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2023 or (I.R.S. Employer Identification No.) 10800 Roosevelt Boulevard North, St. Petersburg, Florida 33716 (Address of principal executive offices) (Zip Code) (727) 577-9749 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: ☐ ...

Jabil Inc. (NYSE:JBL) Q3 2023 Earnings Call Transcript June 15, 2023 5:00 PM ET Company Participants Adam Berry - Vice President, Investor Relations Kenny Wilson - Chief Executive Officer Mike Dastoor - Chief Financial Officer Conference Call Participants Ruplu Bhattacharya - Bank of America Matt Sheerin - Stifel Steven Fox - Fox Advisors Shannon Cross - Credit Suisse Paul Chung - JPMorgan Melissa Fairbanks - Raymond James Mark Delaney - Goldman Sachs David Vogt - UBS Operator Hello, and welcome to the Jabi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14063 JABIL INC. (Exact name of registrant as specified in its charter) Delaware 38-1886260 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) JABIL INC. (Exact name of registrant as specified in its charter) Delaware 38-1886260 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 10800 Roosevelt Boulevard North, St. Petersburg, Florida 33716 (Address of principal executive offices) (Zip Code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period end ...

Jabil Inc. (NYSE:JBL) Q3 2022 Earnings Conference Call June 16, 2022 8:30 AM ET Company Participants Adam Berry - VP, IR Mark Mondello - Chairman and CEO Mike Dastoor - CFO Conference Call Participants Ruplu Bhattacharya - Bank of America Matthew Sheerin - Stifel Steven Fox - Fox Advisors Mark Delaney - Goldman Sachs Paul Chung - JPMorgan Operator Greetings. Welcome to Jabil's Third Quarter Fiscal Year 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer sessio ...

Financial Data and Key Metrics Changes - Jabil reported core earnings per share of $1.68 on revenue of $7.6 billion, resulting in a core operating margin of 4.6%, a 40 basis point increase year-on-year [5][12] - Revenue increased by 10.6% compared to the prior year quarter, exceeding the midpoint of guidance from December [12] - Core operating income rose to $344 million, a 21% year-over-year increase [12] Business Line Data and Key Metrics Changes - Revenue for the DMS segment was $3.8 billion, an increase of 4% year-over-year, with a core margin of 5.1% [13] - Revenue for the EMS segment also reached $3.8 billion, up 19% year-over-year, with a core margin of 4%, reflecting a 90 basis point improvement [13] Market Data and Key Metrics Changes - The automotive end market saw top line revenue growth exceeding 50% this year, driven by the transition to electric vehicles [18] - Jabil expects double-digit growth in healthcare, automotive, retail, industrial, and semi-cap markets, as well as in 5G wireless and cloud end markets [18] Company Strategy and Development Direction - Jabil's strategy focuses on diversifying its portfolio across various end markets, including 5G, electric vehicles, personalized healthcare, cloud computing, and clean energy [6][18] - The company aims to achieve a core earnings per share of $7.25 for FY '22, with total revenue projected to be around $32.6 billion, reflecting a more than 10% year-on-year increase [7][19] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of operating margins, attributing improvements to outstanding execution and a diverse portfolio [23] - Concerns regarding the geopolitical situation, particularly the war in Ukraine, were acknowledged, but management indicated strong confidence in navigating supply chain challenges [29] Other Important Information - Jabil remains committed to generating a minimum of $700 million in free cash flow for the year, despite higher revenue and associated working capital [8][19] - The company repurchased approximately 2.3 million shares for $145 million during Q2, with a total of 4.4 million shares repurchased for $272 million for the year [15] Q&A Session Summary Question: Confidence in Operating Margins Sustainability - Management highlighted that the margin profile has improved from around 3.5% pre-COVID to 4.6% currently, driven by diversification and operational execution [23] Question: Growth at Scale and Global Footprint - Management discussed the company's strategic focus on substantial secular markets and the importance of a diversified global footprint, particularly in Eastern Europe [25][26] Question: Concerns for the Second Half of Fiscal 2022 - Management expressed concerns about the ongoing war and its impact on employee safety but indicated confidence in navigating supply chain issues and inflation [29] Question: Capital Allocation Priorities - Management stated a focus on small M&A and buybacks, with no immediate plans for dividend increases [32] Question: Inventory Management - Management explained that the increase in inventory days was due to kitting issues and strategic buffering, with confidence in maintaining free cash flow guidance [44] Question: Supply Chain and Semiconductor Availability - Management noted that while legacy semiconductors remain constrained, overall supply chain challenges are showing signs of improvement [40] Question: Core Margin Expectations by Segment - Management indicated that the diversified manufacturing segment aims for a core margin around 5%, while the EMS segment targets around 4% [48]