Jabil Inc. - JBL STOCK NEWS

Jabil (NYSE: JBL) has partnered with ams OSRAM to develop a lateral flow testing platform aimed at enhancing COVID-19 testing capabilities. This initiative leverages optical technology for quicker results, providing a diagnosis in approximately 15 minutes. The collaboration was expedited due to increased demand for decentralized testing, resulting in a product launch within 12 months. Jabil's extensive manufacturing capabilities and ISO certifications played a crucial role in meeting supply chain challenges. Future applications of this technology may extend to other health diagnostics and veterinary testing.

Jabil Inc. (NYSE: JBL) announced a quarterly dividend of $0.08 per share for shareholders of record as of May 16, 2022, payable on June 2, 2022. This marks the continuation of Jabil's commitment to returning capital to shareholders, having paid consecutive quarterly dividends since May 15, 2006. With over 260,000 employees in 30 countries, Jabil is a leading manufacturing solutions provider trusted by the world's top brands for its extensive experience and technical expertise.

Jabil Inc. (NYSE: JBL) has priced a $500 million offering of 4.250% Senior Notes due 2027, expected to close on May 4, 2022, subject to customary conditions. The proceeds will be used to repay existing 4.700% Senior Notes due 2022, covering any make-whole premiums and interest. Additionally, the funds will finance eco-efficient projects such as renewable energy and clean transportation initiatives, enhancing the company's sustainability efforts.

Jabil (NYSE: JBL) has launched the Jabil Payment Solutions unit, enhancing its capacity in payment and point-of-sale platforms. This initiative follows the acquisition of YouTransactor SAS, which serves over 850 clients worldwide. The global market for contactless payment devices is projected to hit $51 billion by 2026. Jabil aims to deliver customizable, secure payment solutions, leveraging YouTransactor's expertise and its own manufacturing capabilities. This strategic move underscores Jabil's commitment to innovation and meeting heightened demand in the cashless transaction space.

SaltMED has entered into a manufacturing agreement with Jabil (NYSE: JBL) to produce its SaltFacial system, highlighting the strong demand for non-invasive aesthetic treatments. The SaltFacial system has achieved significant patient retention, with over 70% of clients booking follow-up appointments shortly after their initial treatment. Jabil's involvement aims to strengthen SaltMED's distribution capabilities in the medical aesthetic market, promising to promote growth and innovation. Both companies are committed to expanding The SaltFacial's reach in the upcoming months.

Jabil reported strong preliminary financial results for Q2 FY2022, achieving net revenue of $7.6 billion, with significant year-on-year growth in its Electronics Manufacturing Services (EMS) segment at 19%. The company’s operating income was $313 million, resulting in diluted EPS of $1.51. For Q3 FY2022, Jabil forecasts revenues between $7.9 billion and $8.5 billion and an increase in the full-year revenue outlook to $32.6 billion with core EPS of approximately $7.25.

Jabil Inc. (NYSE: JBL) is hiring 60 positions within 60 days at its Albuquerque, NM healthcare manufacturing facility. Positions range from entry-level to experienced roles and come with a $2500 signing bonus, benefits including healthcare, 401k matching, and PTO. Employees also receive quarterly performance bonuses. The Albuquerque facility utilizes cutting-edge manufacturing techniques to produce medical devices, supporting Jabil's commitment to enhancing patient lives. Interested applicants can apply through the Jabil Careers website.

IP Infusion and Jabil have launched the 400G ZR Open Line System (OLS), leveraging IP Infusion's OcNOS® software to meet skyrocketing global bandwidth demands. This solution facilitates efficient transport of 400ZR signals over distances of up to 120 kilometers, targeting enhanced network agility and reduced total cost of ownership. With increasing needs for disaggregated networking solutions, this product is aimed at service providers, data center operators, and OEMs, and is compatible with standard Ethernet switches and cloud servers.

Jabil (NYSE: JBL) has unveiled its new CFP2 DCO ECO coherent transceiver at OFC 2022, enhancing its coherent product offerings for 100G long-haul and 200G metro networks. This second-generation module supports both 100Gb/s and 200Gb/s line rates and is based on advanced DSP and optical engine technologies to minimize power consumption. The transceiver is compatible with existing systems and is available for sampling, with general availability expected mid-2022. Jabil continues to innovate in optical communications, collaborating with industry leaders like Marvell and Nokia.