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Jabil Inc. (NYSE: JBL) is a global manufacturing solutions provider, boasting a workforce of over 260,000 employees across 100 locations in 30 countries. The company is a trusted partner to some of the world's leading brands, leveraging its extensive end-market expertise, technical and design capabilities, manufacturing prowess, and supply chain insights. Jabil's core business revolves around offering comprehensive electronics design, production, and product management services that cater to various industries and end markets.
Jabil's operations are divided into two key segments:
- Electronics Manufacturing Services (EMS): This segment focuses on IT, supply chain design and engineering, and core electronics technologies. It is the primary revenue driver for Jabil.
- Diversified Manufacturing Services (DMS): This segment emphasizes engineering solutions, material sciences, and healthcare technologies.
In recent developments, Jabil has partnered with OpenLight, a leader in custom PASIC chip design and manufacturing, to streamline the back-end manufacturing ecosystem for Photonic Integrated Circuits (PICs). This collaboration aims to fast-track the production and delivery of integrated PICs, addressing the growing demand for faster data processing and overcoming supply chain complexities.
Jabil is committed to making a positive impact on local communities and the environment. The company combines its global reach with local expertise to deliver scalable and customized solutions, ensuring sustainable processes that minimize environmental impact and foster diverse communities worldwide.
Jabil announced a manufacturing collaboration with Cardo Systems, a leader in wireless communications for motorcyclists. This partnership enhances Jabil's capabilities in delivering over one million devices yearly, supported by its acoustics expertise and global supply chain. Cardo's products, including PACKTALK, utilize advanced technology for enhanced connectivity. The collaboration has led to significant growth, with Cardo experiencing 5X growth over five years. Key benefits include improved audio quality and reduced production costs, further solidifying Jabil's position in the manufacturing sector.
Jabil Healthcare has launched the Qfinity™ autoinjector platform, a reusable and modular solution for subcutaneous drug self-administration, offering up to 65% lower cost per injection compared to disposable market alternatives. This device handles over 100 injections and accommodates various pre-filled cassettes, addressing the critical issue of medical waste. In addition, the connected version, Qfinity+, allows remote patient monitoring at a 20% lower cost per injection. The platform's innovative design prioritizes sustainability and aims to reduce the healthcare industry's carbon footprint.
Jabil Inc. (NYSE: JBL) has launched PK 5000, an eco-friendly powder-based additive material, enhancing strength, chemical resistance, and resilience for demanding applications in automotive, consumer electronics, defense, and medical sectors. This patent-pending material, tested at Jabil’s Materials Innovation Center, showcases superior properties compared to traditional nylon like PA 12. Priced at $45/kg, PK 5000 is currently being evaluated by EOS, Farsoon, and 3D Systems for their printer platforms. The launch aims to accelerate the adoption of additive manufacturing.
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
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