Jabil Posts Fourth Quarter and Fiscal Year 2024 Results
Jabil (NYSE: JBL) announced its fourth quarter and fiscal year 2024 results, reporting net revenue of $7.0 billion for Q4 and $28.9 billion for the fiscal year. The company achieved a U.S. GAAP operating income of $318 million in Q4 and $2.0 billion for the year. Core diluted EPS was $2.30 for Q4 and $8.49 for FY24. Jabil also generated over $1 billion in adjusted free cash flow and returned $2.5 billion to shareholders via buybacks. Looking ahead, Jabil projects Q1 FY25 net revenue between $6.3 billion and $6.9 billion, with core diluted EPS ranging from $1.65 to $2.05. For FY25, the company forecasts $27.0 billion in net revenue, a core operating margin of 5.4%, and core diluted EPS of $8.65. Additionally, Jabil announced a new $1 billion share repurchase authorization.
Jabil (NYSE: JBL) ha annunciato i risultati del quarto trimestre e dell'anno fiscale 2024, riportando un fatturato netto di 7,0 miliardi di dollari per il Q4 e 28,9 miliardi di dollari per l'anno fiscale. L'azienda ha raggiunto un reddito operativo GAAP degli Stati Uniti di 318 milioni di dollari nel Q4 e 2,0 miliardi di dollari per l'anno. L'EPS diluito core è stato di 2,30 dollari per il Q4 e 8,49 dollari per l'anno fiscale 2024. Jabil ha anche generato oltre 1 miliardo di dollari in flusso di cassa libero rettificato e ha restituito 2,5 miliardi di dollari agli azionisti tramite riacquisti. Guardando avanti, Jabil prevede un fatturato netto per il Q1 dell'anno fiscale 2025 compreso tra 6,3 miliardi e 6,9 miliardi di dollari, con EPS diluito core che varia da 1,65 a 2,05 dollari. Per l'anno fiscale 2025, l'azienda prevede un fatturato netto di 27,0 miliardi di dollari, un margine operativo core del 5,4% e un EPS diluito core di 8,65 dollari. Inoltre, Jabil ha annunciato una nuova autorizzazione di riacquisto di azioni da 1 miliardo di dollari.
Jabil (NYSE: JBL) anunció sus resultados del cuarto trimestre y del año fiscal 2024, reportando ingresos netos de 7,0 mil millones de dólares para el Q4 y 28,9 mil millones de dólares para el año fiscal. La compañía logró un ingreso operativo bajo los principios contables generalmente aceptados de EE.UU. de 318 millones de dólares en el Q4 y 2,0 mil millones de dólares para el año. El EPS diluido central fue de 2,30 dólares para el Q4 y 8,49 dólares para el año fiscal 2024. Jabil también generó más de 1 mil millones de dólares en flujo de caja libre ajustado y devolvió 2,5 mil millones de dólares a los accionistas a través de recompras de acciones. Mirando hacia adelante, Jabil proyecta ingresos netos para el Q1 del año fiscal 2025 entre 6,3 mil millones y 6,9 mil millones de dólares, con un EPS diluido central que varía de 1,65 a 2,05 dólares. Para el año fiscal 2025, la compañía pronostica ingresos netos de 27,0 mil millones de dólares, un margen operativo central del 5,4% y un EPS diluido central de 8,65 dólares. Además, Jabil anunció una nueva autorización de recompra de acciones por 1 mil millones de dólares.
Jabil (NYSE: JBL)이 2024 회계연도 4분기 및 연간 실적을 발표하며 4분기 순매출 70억 달러, 연간 289억 달러를 보고했습니다. 해당 기업은 4분기에 미국 GAAP 운영 수익 3억 1천800만 달러, 연간 20억 달러를 기록했습니다. 기본 희석 주당 순이익(EPS)은 4분기에 2.30달러, FY24에는 8.49달러였습니다. Jabil은 또한 조정된 자유 현금 흐름에서 10억 달러 이상을 생성했으며, 자사주 매입을 통해 주주에게 25억 달러를 환원했습니다. 앞으로 Jabil은 FY25 1분기 순매출이 63억 달러에서 69억 달러 사이가 될 것으로 예상하며, 기본 희석 EPS는 1.65달러에서 2.05달러의 범위에 있을 것으로 보입니다. FY25에 대해 회사는 순매출 270억 달러, 기본 운영 마진 5.4%, 기본 희석 EPS 8.65달러를 예측합니다. 또한 Jabil은 10억 달러 규모의 새로운 자사주 매입 승인을 발표했습니다.
Jabil (NYSE: JBL) a annoncé ses résultats du quatrième trimestre et de l'exercice fiscal 2024, rapportant un chiffre d'affaires net de 7,0 milliards de dollars pour le Q4 et de 28,9 milliards de dollars pour l'exercice. L'entreprise a réalisé un revenu d'exploitation selon les normes GAAP américaines de 318 millions de dollars au Q4 et de 2,0 milliards de dollars pour l'année. Le BPA dilué de base était de 2,30 dollars pour le Q4 et de 8,49 dollars pour l'exercice 2024. Jabil a également généré plus de 1 milliard de dollars de flux de trésorerie libre ajusté et a retourné 2,5 milliards de dollars aux actionnaires par le biais de rachats d'actions. En regardant vers l'avenir, Jabil prévoit un chiffre d'affaires net pour le Q1 de l'exercice 2025 entre 6,3 milliards et 6,9 milliards de dollars, avec un BPA dilué de base allant de 1,65 à 2,05 dollars. Pour l'exercice 2025, l'entreprise prévoit un chiffre d'affaires net de 27,0 milliards de dollars, une marge opérationnelle de base de 5,4 % et un BPA dilué de base de 8,65 dollars. De plus, Jabil a annoncé une nouvelle autorisation de rachat d'actions d'un montant d'un milliard de dollars.
Jabil (NYSE: JBL) gab seine Ergebnisse für das vierte Quartal und das Geschäftsjahr 2024 bekannt und berichtete für Q4 einen Nettoumsatz von 7,0 Milliarden Dollar sowie 28,9 Milliarden Dollar für das Geschäftsjahr. Das Unternehmen erzielte einen operativen Gewinn nach US-GAAP von 318 Millionen Dollar im Q4 und 2,0 Milliarden Dollar für das Jahr. Der verwässerte Gewinn pro Aktie (EPS) betrug 2,30 Dollar für Q4 und 8,49 Dollar für das Geschäftsjahr 2024. Jabil generierte außerdem über 1 Milliarde Dollar an bereinigtem freien Cashflow und gab 2,5 Milliarden Dollar an die Aktionäre durch Aktienrückkäufe zurück. Für die Zukunft prognostiziert Jabil für das Q1 FY25 einen Nettoumsatz zwischen 6,3 und 6,9 Milliarden Dollar, mit einem verwässerten EPS von 1,65 bis 2,05 Dollar. Für das Geschäftsjahr 2025 erwartet das Unternehmen einen Nettoumsatz von 27,0 Milliarden Dollar, eine operative Marge von 5,4 % und einen verwässerten EPS von 8,65 Dollar. Darüber hinaus kündigte Jabil eine neue Genehmigung für den Rückkauf von Aktien im Wert von 1 Milliarde Dollar an.
- Net revenue for FY24 reached $28.9 billion.
- Core diluted EPS for FY24 was $8.49.
- Generated over $1 billion in adjusted free cash flow.
- Returned $2.5 billion to shareholders via buybacks.
- New $1 billion share repurchase authorization.
- FY25 forecast includes $27.0 billion in net revenue and $8.65 core diluted EPS.
- Short-term demand challenges in certain end-markets.
- Q1 FY25 forecasted U.S. GAAP diluted EPS as low as $0.26.
Insights
Jabil's Q4 and FY2024 results reveal a company in transition, with both challenges and opportunities. Key highlights include:
- FY2024 revenue of
$28.9 billion , with core operating income of$1.6 billion - Core diluted EPS of
$8.49 for FY2024 - Adjusted free cash flow exceeding
$1 billion $2.5 billion returned to shareholders via buybacks
The company's performance is commendable given the sale of its Mobility business and challenges in multiple end-markets. The new
Jabil's strategic shift is evident in its focus on high-growth tech sectors. The company's emphasis on AI datacenter power and cooling solutions is particularly noteworthy, aligning with the booming AI infrastructure market. The electric and hybrid vehicle segment also presents significant opportunities as the automotive industry transitions to electrification.
While short-term demand faces challenges, Jabil's diversification into sectors like healthcare, semiconductor equipment and warehouse automation demonstrates a forward-thinking approach. These areas are poised for long-term growth driven by technological advancements and industry transformations. The company's ability to maintain a
Company Announces New
“It’s evident that Jabil has undergone a substantial transformation this fiscal year: a year during which we sold our Mobility business, saw growth in the AI datacenter sector, and faced challenges in multiple end-markets,” said CEO Mike Dastoor. “Despite these changes, we delivered core margins of
Fourth Quarter of Fiscal Year 2024 Highlights:
-
Net revenue:
$7.0 billion -
U.S. GAAP operating income:$318 million -
U.S. GAAP diluted earnings per share:$1.18 -
Core operating income (Non-GAAP):
$401 million -
Core diluted earnings per share (Non-GAAP):
$2.30
Fiscal Year 2024 Highlights:
-
Net revenue:
$28.9 billion -
U.S. GAAP operating income:$2.0 billion -
U.S. GAAP diluted earnings per share:$11.17 -
Core operating income (Non-GAAP):
$1.6 billion -
Core diluted earnings per share (Non-GAAP):
$8.49
First Quarter of Fiscal Year 2025 Outlook: |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Core operating income and core diluted earnings per share exclude anticipated adjustments of |
Fiscal Year 2025 Outlook: |
||
|
|
|
|
|
|
|
|
|
|
|
|
Capital Return Update:
The Board of Directors has authorized a share repurchase program of up to
(Definitions: “U.S. GAAP” means
Forward Looking Statements: This release contains forward-looking statements, including those regarding our anticipated financial results for our fourth quarter and full fiscal year 2024 and our guidance for future financial performance in our first quarter of fiscal year 2025 (including, net revenue,
Supplemental Information Regarding Non-GAAP Financial Measures: Jabil provides supplemental, non-GAAP financial measures in this release to facilitate evaluation of Jabil’s core operating performance. These non-GAAP measures exclude certain amounts that are included in the most directly comparable
Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flows to provide investors an additional method for assessing operating income, earnings, earnings per share and free cash flow from what it believes are its core manufacturing operations. Among other uses, management uses non-GAAP financial measures to make operating decisions, assess business performance and as a factor in determining certain employee performance when determining incentive compensation.
The Company determines an annual normalized tax rate (“normalized core tax rate”) for the computation of the non-GAAP (core) income tax provision to provide better consistency across reporting periods. In estimating the normalized core tax rate annually, the Company utilizes a full-year financial projection of core earnings that considers the mix of earnings across tax jurisdictions, existing tax positions, and other significant tax matters. The Company may adjust the normalized core tax rate during the year for material impacts from new tax legislation or material changes to the Company’s operations.
Detailed definitions of certain of the core financial measures are included above under “Definitions” and a reconciliation of the disclosed core financial measures to the most directly comparable
Meeting and Replay Information: Jabil will hold a conference call today at 8:30 a.m. ET to discuss its earnings for the fourth quarter and full fiscal year ended August 31, 2024 and to provide an investor briefing. To access the live audio webcast and view the accompanying slide presentation, visit the Investor Relations section of Jabil's website, located at https://investors.jabil.com. An archived replay of the webcast will also be available after completion of the call.
About Jabil: At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world’s top brands, offering comprehensive engineering, manufacturing, and supply chain solutions. With over 50 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities around the globe. Discover more at www.jabil.com.
JABIL INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in millions) |
|||||||
|
August 31, 2024 |
|
|
||||
|
(unaudited) |
|
August 31, 2023 |
||||
ASSETS |
|
|
|
||||
Current assets: |
|
|
|
||||
Cash and cash equivalents |
$ |
2,201 |
|
|
$ |
1,804 |
|
Accounts receivable, net |
|
3,533 |
|
|
|
3,647 |
|
Contract assets |
|
1,071 |
|
|
|
1,035 |
|
Inventories, net |
|
4,276 |
|
|
|
5,206 |
|
Prepaid expenses and other current assets |
|
1,710 |
|
|
|
1,109 |
|
Assets held for sale |
|
— |
|
|
|
1,929 |
|
Total current assets |
|
12,791 |
|
|
|
14,730 |
|
Property, plant and equipment, net |
|
3,024 |
|
|
|
3,137 |
|
Operating lease right-of-use assets |
|
360 |
|
|
|
367 |
|
Goodwill and intangible assets, net |
|
804 |
|
|
|
763 |
|
Deferred income taxes |
|
96 |
|
|
|
159 |
|
Other assets |
|
276 |
|
|
|
268 |
|
Total assets |
$ |
17,351 |
|
|
$ |
19,424 |
|
LIABILITIES AND EQUITY |
|
|
|
||||
Current liabilities: |
|
|
|
||||
Current installments of notes payable and long-term debt |
$ |
— |
|
|
$ |
— |
|
Accounts payable |
|
6,190 |
|
|
|
5,679 |
|
Accrued expenses |
|
5,499 |
|
|
|
5,515 |
|
Current operating lease liabilities |
|
93 |
|
|
|
104 |
|
Liabilities held for sale |
|
— |
|
|
|
1,397 |
|
Total current liabilities |
|
11,782 |
|
|
|
12,695 |
|
Notes payable and long-term debt, less current installments |
|
2,880 |
|
|
|
2,875 |
|
Other liabilities |
|
416 |
|
|
|
319 |
|
Non-current operating lease liabilities |
|
284 |
|
|
|
269 |
|
Income tax liabilities |
|
109 |
|
|
|
131 |
|
Deferred income taxes |
|
143 |
|
|
|
268 |
|
Total liabilities |
|
15,614 |
|
|
|
16,557 |
|
Commitments and contingencies |
|
|
|
||||
Equity: |
|
|
|
||||
Jabil Inc. stockholders’ equity: |
|
|
|
||||
Preferred stock |
|
— |
|
|
|
— |
|
Common stock |
|
— |
|
|
|
— |
|
Additional paid-in capital |
|
2,841 |
|
|
|
2,795 |
|
Retained earnings |
|
5,760 |
|
|
|
4,412 |
|
Accumulated other comprehensive loss |
|
(46 |
) |
|
|
(17 |
) |
Treasury stock, at cost |
|
(6,818 |
) |
|
|
(4,324 |
) |
Total Jabil Inc. stockholders’ equity |
|
1,737 |
|
|
|
2,866 |
|
Noncontrolling interests |
|
— |
|
|
|
1 |
|
Total equity |
|
1,737 |
|
|
|
2,867 |
|
Total liabilities and equity |
$ |
17,351 |
|
|
$ |
19,424 |
|
JABIL INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except for per share data) (Unaudited) |
|||||||||||||
|
|
Three Months Ended |
|
Fiscal Year Ended |
|||||||||
|
|
August 31, 2024 |
|
August 31, 2023 |
|
August 31, 2024 |
|
August 31, 2023 |
|||||
Net revenue |
|
$ |
6,964 |
|
$ |
8,458 |
|
$ |
28,883 |
|
|
$ |
34,702 |
Cost of revenue |
|
|
6,301 |
|
|
7,692 |
|
|
26,207 |
|
|
|
31,835 |
Gross profit |
|
|
663 |
|
|
766 |
|
|
2,676 |
|
|
|
2,867 |
Operating expenses: |
|
|
|
|
|
|
|
|
|||||
Selling, general and administrative |
|
|
270 |
|
|
295 |
|
|
1,160 |
|
|
|
1,206 |
Research and development |
|
|
10 |
|
|
9 |
|
|
39 |
|
|
|
34 |
Amortization of intangibles |
|
|
13 |
|
|
9 |
|
|
40 |
|
|
|
33 |
Restructuring, severance and related charges |
|
|
44 |
|
|
12 |
|
|
296 |
|
|
|
57 |
Gain from the divestiture of businesses |
|
|
2 |
|
|
— |
|
|
(942 |
) |
|
|
— |
Acquisition and divestiture related charges |
|
|
6 |
|
|
— |
|
|
70 |
|
|
|
— |
Operating income |
|
|
318 |
|
|
441 |
|
|
2,013 |
|
|
|
1,537 |
Interest and other, net |
|
|
65 |
|
|
71 |
|
|
262 |
|
|
|
275 |
Income before income tax |
|
|
253 |
|
|
370 |
|
|
1,751 |
|
|
|
1,262 |
Income tax expense |
|
|
115 |
|
|
215 |
|
|
363 |
|
|
|
444 |
Net income |
|
|
138 |
|
|
155 |
|
|
1,388 |
|
|
|
818 |
Net income attributable to noncontrolling interests, net of tax |
|
|
— |
|
|
— |
|
|
— |
|
|
|
— |
Net income attributable to Jabil Inc. |
|
$ |
138 |
|
$ |
155 |
|
$ |
1,388 |
|
|
$ |
818 |
Earnings per share attributable to the stockholders of Jabil Inc.: |
|
|
|
|
|
|
|
|
|||||
Basic |
|
$ |
1.20 |
|
$ |
1.18 |
|
$ |
11.34 |
|
|
$ |
6.15 |
Diluted |
|
$ |
1.18 |
|
$ |
1.15 |
|
$ |
11.17 |
|
|
$ |
6.02 |
Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
|||||
Basic |
|
|
115.1 |
|
|
131.2 |
|
|
122.4 |
|
|
|
133.0 |
Diluted |
|
|
116.7 |
|
|
134.1 |
|
|
124.3 |
|
|
|
135.9 |
JABIL INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) (Unaudited) |
|||||||
|
Fiscal Year Ended |
||||||
|
August 31, 2024 |
|
August 31, 2023 |
||||
Cash flows provided by operating activities: |
|
|
|
||||
Net income |
$ |
1,388 |
|
|
$ |
818 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
||||
Depreciation and amortization |
|
696 |
|
|
|
924 |
|
Restructuring and related charges |
|
95 |
|
|
|
5 |
|
Recognition of stock-based compensation expense and related charges |
|
89 |
|
|
|
95 |
|
Deferred income taxes |
|
(64 |
) |
|
|
85 |
|
Gain from the divestiture of businesses |
|
(942 |
) |
|
|
— |
|
Other, net |
|
(18 |
) |
|
|
13 |
|
Change in operating assets and liabilities, exclusive of net assets acquired: |
|
|
|
||||
Accounts receivable |
|
(200 |
) |
|
|
267 |
|
Contract assets |
|
(32 |
) |
|
|
171 |
|
Inventories |
|
1,179 |
|
|
|
370 |
|
Prepaid expenses and other current assets |
|
(587 |
) |
|
|
(214 |
) |
Other assets |
|
6 |
|
|
|
53 |
|
Accounts payable, accrued expenses and other liabilities |
|
106 |
|
|
|
(853 |
) |
Net cash provided by operating activities |
|
1,716 |
|
|
|
1,734 |
|
Cash flows provided by (used in) investing activities: |
|
|
|
||||
Acquisition of property, plant and equipment |
|
(784 |
) |
|
|
(1,030 |
) |
Proceeds and advances from sale of property, plant and equipment |
|
123 |
|
|
|
322 |
|
Cash paid for business and intangible asset acquisitions, net of cash |
|
(90 |
) |
|
|
(29 |
) |
Proceeds from the divestiture of businesses |
|
2,108 |
|
|
|
50 |
|
Other, net |
|
(6 |
) |
|
|
(36 |
) |
Net cash provided by (used in) investing activities |
|
1,351 |
|
|
|
(723 |
) |
Cash flows used in financing activities: |
|
|
|
||||
Borrowings under debt agreements |
|
1,992 |
|
|
|
4,047 |
|
Payments toward debt agreements |
|
(2,103 |
) |
|
|
(4,204 |
) |
Payments to acquire treasury stock |
|
(2,500 |
) |
|
|
(487 |
) |
Dividends paid to stockholders |
|
(42 |
) |
|
|
(45 |
) |
Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan |
|
58 |
|
|
|
51 |
|
Treasury stock minimum tax withholding related to vesting of restricted stock |
|
(68 |
) |
|
|
(36 |
) |
Other, net |
|
(5 |
) |
|
|
(6 |
) |
Net cash used in financing activities |
|
(2,668 |
) |
|
|
(680 |
) |
Effect of exchange rate changes on cash and cash equivalents |
|
(2 |
) |
|
|
(5 |
) |
Net increase in cash and cash equivalents |
|
397 |
|
|
|
326 |
|
Cash and cash equivalents at beginning of period |
|
1,804 |
|
|
|
1,478 |
|
Cash and cash equivalents at end of period |
$ |
2,201 |
|
|
$ |
1,804 |
|
JABIL INC. AND SUBSIDIARIES SUPPLEMENTAL DATA
RECONCILIATION OF (in millions, except for per share data) (Unaudited) |
|||||||||||||||
|
|
Three Months Ended |
|
Fiscal Year Ended |
|||||||||||
|
|
August 31, 2024 |
|
August 31, 2023 |
|
August 31, 2024 |
|
August 31, 2023 |
|||||||
Operating income ( |
|
$ |
318 |
|
|
$ |
441 |
|
$ |
2,013 |
|
|
$ |
1,537 |
|
Amortization of intangibles |
|
|
13 |
|
|
|
9 |
|
|
40 |
|
|
|
33 |
|
Stock-based compensation expense and related charges |
|
|
17 |
|
|
|
15 |
|
|
89 |
|
|
|
95 |
|
Restructuring, severance and related charges(1) |
|
|
44 |
|
|
|
12 |
|
|
296 |
|
|
|
57 |
|
Net periodic benefit (credit) cost |
|
|
(1 |
) |
|
|
— |
|
|
6 |
|
|
|
11 |
|
Business interruption and impairment charges, net(2) |
|
|
2 |
|
|
|
— |
|
|
16 |
|
|
|
— |
|
Gain from the divestiture of businesses(3) |
|
|
2 |
|
|
|
— |
|
|
(942 |
) |
|
|
— |
|
Acquisition and divestiture related charges(3) |
|
|
6 |
|
|
|
— |
|
|
70 |
|
|
|
— |
|
Adjustments to operating income |
|
|
83 |
|
|
|
36 |
|
|
(425 |
) |
|
|
196 |
|
Core operating income (Non-GAAP) |
|
$ |
401 |
|
|
$ |
477 |
|
$ |
1,588 |
|
|
$ |
1,733 |
|
Net income attributable to Jabil Inc. ( |
|
$ |
138 |
|
|
$ |
155 |
|
$ |
1,388 |
|
|
$ |
818 |
|
Adjustments to operating income |
|
|
83 |
|
|
|
36 |
|
|
(425 |
) |
|
|
196 |
|
Net periodic benefit credit (cost) |
|
|
1 |
|
|
|
— |
|
|
(6 |
) |
|
|
(11 |
) |
Adjustments for taxes |
|
|
48 |
|
|
|
137 |
|
|
99 |
|
|
|
169 |
|
Core earnings (Non-GAAP) |
|
$ |
270 |
|
|
$ |
328 |
|
$ |
1,056 |
|
|
$ |
1,172 |
|
Diluted earnings per share ( |
|
$ |
1.18 |
|
|
$ |
1.15 |
|
$ |
11.17 |
|
|
$ |
6.02 |
|
Diluted core earnings per share (Non-GAAP) |
|
$ |
2.30 |
|
|
$ |
2.45 |
|
$ |
8.49 |
|
|
$ |
8.63 |
|
Diluted weighted average shares outstanding ( |
|
|
116.7 |
|
|
|
134.1 |
|
|
124.3 |
|
|
|
135.9 |
|
(1) Charges recorded during the three months and fiscal year ended August 31, 2024, related to the 2024 Restructuring Plan. (2) Charges recorded during the three months and fiscal year ended August 31, 2024, related to costs associated with product quality liabilities.
(3) We completed the divestiture of our mobility business and recorded a pre-tax gain of |
JABIL INC. AND SUBSIDIARIES SUPPLEMENTAL DATA ADJUSTED FREE CASH FLOW (in millions) (Unaudited) |
||||||
|
Fiscal Year Ended |
|||||
|
August 31, 2024 |
August 31, 2023 |
||||
Net cash provided by operating activities ( |
$ |
1,716 |
|
$ |
1,734 |
|
Acquisition of property, plant and equipment (“PP&E”)(1) |
|
(784 |
) |
|
(1,030 |
) |
Proceeds and advances from sale of PP&E(1) |
|
123 |
|
|
322 |
|
Adjusted free cash flow (Non-GAAP) |
$ |
1,055 |
|
$ |
1,026 |
|
_______________ | ||||||
(1) Certain customers co-invest in PP&E with us. As we acquire PP&E, we recognize the cash payments in acquisition of PP&E. When our customers reimburse us and obtain control, we recognize the cash receipts in proceeds and advances from the sale of PP&E. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240926547610/en/
Investor Contact
Adam Berry
Senior Vice President, Investor Relations and Communications
Adam_Berry@jabil.com
Media Contact
Timur Aydin
Senior Director, Enterprise Marketing and Communications
Timur_Aydin@jabil.com
Source: Jabil, Inc.
FAQ
What were Jabil's net revenue and EPS for fiscal year 2024?
What is Jabil's financial outlook for the first quarter of fiscal year 2025?
What is Jabil's fiscal year 2025 revenue and EPS forecast?
How much did Jabil return to shareholders in fiscal year 2024?