Detailed Research Report for Jabil Inc (JBL)

Business Overview

Based on analysis of 12 sources:

sec_filing Sources (7):

• Jabil Inc. (NYSE: JBL) reported its preliminary, unaudited financial results for the fourth quarter and fiscal year ended August 31, 2024, on September 26, 2024. The company also announced a new $1 billion share repurchase authorization and provided its fiscal year 2025 outlook.

Key Facts and Figures:

• Fiscal Year 2024 Transformation: Jabil underwent a significant transformation, including the sale of its Mobility business, growth in the AI datacenter sector, and challenges in multiple end-markets.
• Strategic Focus: The company is confident in its mid-to-long-term positioning to capitalize on secular trends in areas such as datacenter power and cooling, electric and hybrid vehicles, healthcare and pharmaceutical delivery solutions, semiconductor equipment, and warehouse automation. This highlights their diversified business model across several high-growth industries.
• Share Repurchase Program: A new authorization of up to $1 billion for common stock repurchase was announced, signaling a commitment to returning capital to shareholders.
• Adjusted Free Cash Flow (FY24): Generated more than $1 billion in adjusted free cash flow.
• Shareholder Returns (FY24): Returned $2.5 billion to shareholders via buybacks.

Financial Metrics (GAAP & Non-GAAP Core):

Fourth Quarter of Fiscal Year 2024 Highlights:

• Net Revenue: $7.0 billion
• U.S. GAAP Operating Income: $318 million
• U.S. GAAP Diluted EPS: $1.18
• Core Operating Income (Non-GAAP): $401 million
• Core Diluted EPS (Non-GAAP): $2.30

Fiscal Year 2024 Highlights:

• Net Revenue: $28.9 billion (down from $34.7 billion in FY23, reflecting the Mobility business sale and market challenges)