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Jabil(JBL) - 2024 Q4 - Annual Results
JBLJabil(JBL)2024-09-26 11:39

Financial Performance - Jabil reported net revenue of 7.0billionforQ4FY24,withU.S.GAAPoperatingincomeof7.0 billion for Q4 FY24, with U.S. GAAP operating income of 318 million and core operating income (Non-GAAP) of 401million[3]−ForFY24,Jabilachievednetrevenueof401 million[3] - For FY24, Jabil achieved net revenue of 28.9 billion, U.S. GAAP operating income of 2.0billion,andcoredilutedearningspershare(Non−GAAP)of2.0 billion, and core diluted earnings per share (Non-GAAP) of 8.49[4] - Net revenue for the fiscal year ended August 31, 2024, was 28.883billion,comparedto28.883 billion, compared to 34.702 billion in the previous year[18] - Gross profit for the fiscal year ended August 31, 2024, was 2.676billion,downfrom2.676 billion, down from 2.867 billion in the previous year[18] - Operating income for the fiscal year ended August 31, 2024, was 2.013billion,upfrom2.013 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 1.388billion,comparedto1.388 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,upfrom11.17, up from 6.02 in the previous year[18] - Core operating income (Non-GAAP) for the fiscal year ended August 31, 2024, was 1.588billion,downfrom1.588 billion, down from 1.733 billion in the previous year[22] - Core earnings (Non-GAAP) for the fiscal year ended August 31, 2024, was 1.056billion,comparedto1.056 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,downfrom8.49, down from 8.63 in the previous year[22] Cash Flow and Shareholder Returns - Jabil generated over 1billioninadjustedfreecashflowinFY24andreturned1 billion in adjusted free cash flow in FY24 and returned 2.5 billion to shareholders via buybacks[2] - The company authorized a new 1billionsharerepurchaseprogram[8]−NetcashprovidedbyoperatingactivitiesforthefiscalyearendedAugust31,2024,was1 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 1.734billioninthepreviousyear[20]−AdjustedfreecashflowforthefiscalyearendedAugust31,2024,was1.734 billion in the previous year[20] - Adjusted free cash flow for the fiscal year ended August 31, 2024, was 1.055 billion, compared to 1.026billioninthepreviousyear[24]FinancialPosition−Thecompany′scashandcashequivalentsincreasedto1.026 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 1.804billioninthepreviousyear[16]−Jabil′sretainedearningsgrewto1.804 billion in the previous year[16] - Jabil's retained earnings grew to 5.760 billion in FY24, up from 4.412billioninFY23[16]FutureOutlook−JabilexpectsQ1FY25netrevenuetorangebetween4.412 billion in FY23[16] Future Outlook - Jabil expects Q1 FY25 net revenue to range between 6.3 billion and 6.9billion,withcoredilutedearningspershare(Non−GAAP)between6.9 billion, with core diluted earnings per share (Non-GAAP) between 1.65 and 2.05[5][6]−ForFY25,Jabilforecastsnetrevenueof2.05[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]