Key TakeawaysJabil exceeded profit and sales estimates in the first quarter since announcing a restructuring.The company credits the results on increased end-markets demand for its cloud, data center infrastructure, and digital commerce products. Jabil raised its full-year earnings and revenue guidance. Jabil (JBL) shares jumped about 9% Wednesday after the manufacturer of circuit boards posted better-than-expected results and boosted its guidance after announcing a restructuring plan earlier this year. Th ...

Jabil (JBL) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.87 per share. This compares to earnings of $2.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.95%. A quarter ago, it was expected that this electronics manufacturer would post earnings of $2.23 per share when it actually produced earnings of $2.30, delivering a surprise of 3.14%.Over the last four quarters, the company ...

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].