Financial Data and Key Metrics - Q1 revenue was $7 billion, up 1% year-on-year, excluding the $1.45 billion associated with the Mobility Divestiture [10] - Core operating income for Q1 was $347 million, with core operating margins at 5%, despite a 10-20 basis points impact from hurricanes [11] - GAAP operating income was $197 million, and GAAP diluted EPS was $0.88, while core diluted EPS was $2 [12] - Inventory at the end of Q1 was flat sequentially at 76 days, with net inventory days at 56, a two-day increase quarter-over-quarter [15] - Cash flow from operations was strong at $312 million, and adjusted free cash flow was $226 million [16][17] - Debt to core EBITDA levels were approximately 1.4x, with cash balances of $2.1 billion [17] - The company repurchased 1.8 million shares for $232 million in Q1, with $768 million remaining on the $1 billion share repurchase authorization [18] Segment Performance - **Regulated Industry Segment**: Revenue was $3 billion, down 7% year-on-year due to weakness in Renewable Energy and EV markets, but core operating margins increased by 10 basis points to 4.7% [12] - **Intelligent Infrastructure Segment**: Revenue was $2.5 billion, up 5% year-on-year, driven by strong demand in AI-related cloud, data center infrastructure, and capital equipment markets, with core operating margins improving by 10 basis points to 4.8% [13] - **Connected Living & Digital Commerce Segment**: Revenue was $1.5 billion, down 46% year-on-year due to the Mobility Divestiture, but excluding this, revenue growth was 12%, with core operating margins at 5.8% [14] Market Performance - The company expects continued weakness in the Renewable Energy and EV markets, particularly in the Regulated Industry segment [20] - The Intelligent Infrastructure segment is expected to grow, driven by AI-related demand in cloud, data center infrastructure, and capital equipment markets [20] - The Connected Living & Digital Commerce segment is expected to see a 20% year-on-year decline in revenue due to the Mobility Divestiture, but Digital Commerce and Warehouse Automation markets are showing strong growth [21] Strategic Direction and Industry Competition - The company is focusing on expanding its capabilities in AI, cloud, and data center infrastructure, with significant investments in liquid cooling systems and silicon photonics [28][36] - The company is well-positioned to navigate geopolitical complexities, with a large-scale global manufacturing footprint and a significant US presence [38][42] - The acquisition of Mikros Technologies enhances the company's capabilities in thermal management solutions, which are critical for AI servers and other high-power applications [28] Management Commentary on Operating Environment and Future Outlook - Management highlighted the resilience of the company in a dynamic environment, with strong execution leading to solid Q1 results [19] - The company expects stronger earnings and margins in the second half of FY'25, driven by recovery in higher-margin businesses like semi-capital equipment and cost optimization initiatives [45][46] - Full-year revenue is expected to be $27.3 billion, with core operating margins of 5.4% and core EPS of $8.75 [47] Other Important Information - The company opened a large-scale manufacturing site in Croatia, which will support automotive and healthcare customers, particularly in the GLP-1 drug delivery space [27] - The company is well-prepared for potential tariff implications, with most of its business in China being local-for-local or local-for-regional, and a strong US manufacturing footprint [40][42] Q&A Session Summary Question: Segment Margins and Recovery Expectations - Management expects margins to be above 5% for all segments, with the Intelligent Infrastructure segment showing the most growth potential [51] - The Connected Living segment is driven by consumer demand, with Digital Commerce expected to be a high-margin growth driver [51] Question: AI-Related Revenue Expectations - AI-related revenue guidance was increased to $6.5 billion, with $400 million driven by data cloud infrastructure and $100 million by semi-capital equipment [52] Question: Capital Allocation and M&A - The company plans to allocate 80% of free cash flow to share buybacks, with the remaining 20% for M&A, focusing on capabilities in healthcare and Intelligent Infrastructure [55][113] - The Mikros acquisition was focused on engineering capabilities rather than direct revenue, with potential for significant future growth in the datacenter ecosystem [56] Question: Hyperscale Customer Relationships - The company is deepening its relationship with its largest hyperscale customer, winning new business and expanding into silicon photonics [60][61] Question: Inventory Management - Inventory is expected to remain within the 55-60 days range, with lower levels expected in the second half of the year [64] Question: US Manufacturing Footprint - The company has expanded its US manufacturing footprint, with the ability to quickly ramp up production and adapt to customer needs [69][70] Question: Impact of Tariffs - Tariffs are expected to be a pass-through cost, with the company well-positioned to handle any shifts in manufacturing from Mexico to the US [76][78] Question: EV Market and Tax Credit Impact - The company is cautious about the EV market, with potential impacts from the repeal of EV tax credits, but expects to navigate the transition between EV and hybrid platforms [93][104] Question: Cloud and AI Growth Drivers - The $1.5 billion increase in AI-related revenue is driven by cloud, data center infrastructure, and semi-capital equipment, with significant growth expected in these areas [105] Question: Margin Impact from Cloud and Data Center Growth - The cloud and data center infrastructure business is not dilutive to margins, with semi-capital equipment margins above enterprise levels [110][111]

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].

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].

JABIL FOURTH QUARTER & FISCAL YEAR 2024 Financial Results and Investor Briefing PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 1 Fiscal Year 2024 Financial Results $28.9 BILLION NET REVENUE 5.5% CORE OP MARGIN1 $8.49 CORE EPS1 $1+ BILLION FREE CASH FLOW1 1 See U.S. GAAP to non-GAAP definitions and reconciliations located at https://investors.jabil.com/ JABIL PUBLIC | ©Jabil Inc. 2024. All Rights Reserved. 2 New Business Segments REGULATED INDUSTRIES Focusing on regulated markets. • Automotive & Transportat ...

Jabil Inc. (NYSE:JBL) Q4 2024 Earnings Conference Call September 26, 2024 8:30 AM ET Company Participants Adam Berry - Senior Vice President, Investor Relations & Communications Greg Hebard - Chief Financial Officer Steve Borges - Head, Regulated Industries Matt Crowley - Head, Intelligent Infrastructure Andy Priestley - Head, Connected Living & Digital Commerce Mike Dastoor - Chief Executive Officer Conference Call Participants Ruplu Bhattacharya - Bank of America George Wang - Barclays Steven Fox - Fox Ad ...

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]

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) 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 incor ...

Jabil Inc. (NYSE:JBL) Q3 2024 Earnings Call Transcript June 20, 2024 8:30 AM ET Company Participants Adam Berry - VP of IR Greg Hebard - CFO Mike Dastoor - CEO Conference Call Participants Ruplu Bhattacharya - Bank of America Merrill Lynch Steven Fox - Fox Advisors George Wang - Barclays Matt Sheerin - Stifel Mark Delaney - Goldman Sachs Operator Greetings, and welcome to the Jabil Third Quarter of Fiscal Year 2024 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and ...

THIRD QUARTER FISCAL YEAR 2024 RESULTS June 20, 2024 Forward Looking Statement Forward Looking Statements: This presentation contains forward-looking statements, including those regarding our anticipated financial results for our third quarter of fiscal year 2024; our guidance for future financial performance in our fourth quarter of fiscal year 2024 (including, net revenue, segment revenue, U.S. GAAP operating income, U.S. GAAP diluted earnings per share, core operating income (Non-GAAP), net interest expe ...

Exhibit 99.1 Jabil Posts Third Quarter Results ST. PETERSBURG, Fla. – June 20, 2024 – Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its third quarter of fiscal year 2024. "It's clear that Jabil has navigated a period of significant transformation this fiscal year: a year in which we divested our Mobility business, captured growth in the AI datacenter space, and experienced softness across multiple end-markets," said CEO Mike Dastoor. "Despite these moving pieces, we re ...