Jabil(US:JBL)2026-01-09 12:34Financial Performance - Net revenue for the three months ended November 30, 2025, was $8,305 million, an increase of 18.7% compared to $6,994 million for the same period in 2024[101] - Gross profit for the same period was $742 million, representing 8.9% of net revenue, up from 8.7% in the prior year[111] - The Intelligent Infrastructure segment saw a 54% increase in net revenue, driven by a 48% increase from existing customers in the cloud and data center infrastructure business[109] - The Regulated Industries segment's net revenue increased by 4%, primarily due to a 3% increase in revenues from the renewable energy infrastructure business[109] - The Connected Living and Digital Commerce segment experienced an 11% decrease in net revenue, mainly due to a 13% decline from existing customers in the connected living business[109] - Core operating income (Non-GAAP) for the three months ended November 30, 2025, was $454 million, up from $347 million in 2024, representing a 30.7% increase[130] - Net income attributable to Jabil Inc. (U.S. GAAP) for the three months ended November 30, 2025, was $146 million, compared to $100 million in 2024, marking a 46% increase[130] Expenses and Charges - Selling, general and administrative expenses rose to $344 million, an increase of $39 million compared to $305 million in the previous year[112] - Research and development expenses remained stable at $7 million, consistent as a percentage of net revenue at 0.1%[113] - The company reported a decrease in restructuring, severance, and related charges to $76 million from $83 million in the prior year[116] - The effective income tax rate increased to 33.6% for the three months ended November 30, 2025, compared to 28.0% in 2024, reflecting a 5.6% change primarily due to jurisdictional earnings mix and an $18 million tax benefit reversal[124] Cash Flow and Liquidity - Adjusted free cash flow (Non-GAAP) for the three months ended November 30, 2025, was $272 million, an increase from $226 million in 2024[134] - As of November 30, 2025, the company had approximately $1.6 billion in cash and cash equivalents, with a significant portion held by foreign subsidiaries[146] - The company expects its liquidity sources to adequately fund capital expenditures, dividends, share repurchases, and potential acquisitions for the next 12 months and beyond[145] - As of November 30, 2025, the company had $4.0 billion in available unused borrowing capacity under revolving credit facilities, with $3.2 billion available under the senior unsecured credit agreement[148] - Net cash provided by operating activities for the three months ended November 30, 2025, was $323 million, compared to $312 million for the same period in 2024[157] - Net cash used in investing activities during the same period was $(180) million, primarily for the acquisition of Rebound Technologies and capital expenditures[159] Acquisitions - On January 2, 2026, the company completed the acquisition of Hanley Energy Group for cash consideration of $751 million, enhancing its energy management solutions[135] - The acquisition of Rebound Technologies for $133 million was completed on September 1, 2025, aimed at strengthening supply chain services[137] Share Repurchase and Dividends - The company expects to continue declaring and paying regular quarterly dividends similar to past declarations, subject to Board approval[162] - As of November 30, 2025, the company had repurchased 1.4 million shares for $300 million under its share repurchase programs[163] - The Board of Directors authorized a share repurchase program of up to $1.0 billion on July 17, 2025, with approximately $913 million remaining as of the end of the reporting period[174] - The company repurchased a total of 1,746,604 shares of common stock during the three months ended November 30, 2025, at an average price of $206.54 per share[174] Compliance and Reporting - The company was in compliance with all covenants under its global asset-backed securitization program as of November 30, 2025[155] - The financial information for the quarterly period ended November 30, 2025, includes condensed consolidated balance sheets and statements of operations compared to the same period in 2024[182] - The report was signed by the Chief Executive Officer and Chief Financial Officer on January 9, 2026[185]