Jabil(JBL) - 2024 Q4 - Annual Results

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]