Welcome to our dedicated page for Jabil news (Ticker: JBL), a resource for investors and traders seeking the latest updates and insights on Jabil stock.
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 Inc. (NYSE: JBL) has declared a quarterly dividend of $0.08 per share for shareholders of record by November 15, 2021. The dividend is set to be paid on December 1, 2021. This marks Jabil's commitment to returning capital to shareholders, as it has consistently paid quarterly cash dividends since May 15, 2006. With over 260,000 employees and operations in 30 countries, Jabil provides manufacturing solutions that cater to the needs of top global brands.
Jabil Inc. (NYSE: JBL) has introduced FusePack wipes packaging, a new solution that addresses the challenges of traditional wipes containers. This lightweight packaging is 30% smaller and 68% lighter than standard options, enhancing sustainability and eCommerce efficiency. It features a hermetically sealed design to extend shelf life and prevent leaks, making it suitable for the rigors of shipping. Jabil aims to revolutionize wipes packaging by combining the best qualities of rigid and flexible materials to meet increasing consumer demands.
Digi-Key Electronics announced the launch of a new 3D Printing and Additive Manufacturing tool powered by Jabil (NYSE: JBL) on October 12, 2021. This service allows customers to upload design files, obtain instant quotes, and have custom-made 3D products shipped directly to them. The tool features a user-friendly upload process and free shipping across the U.S. Digi-Key aims to enhance its services in the additive manufacturing market, while Jabil's advanced digital manufacturing capabilities will offer increased value to customers.
Jabil Inc. reported strong preliminary financial results for Q4 and FY21, with net revenue reaching $7.4 billion in the fourth quarter and $29.3 billion for the fiscal year. The company saw a 10% revenue growth in Diversified Manufacturing Services (DMS) but faced a 6% decrease in Electronics Manufacturing Services (EMS) revenue. Operating income was $265 million for Q4 and $1.1 billion for the year, leading to diluted EPS of $1.16 and $4.58, respectively. Looking ahead, Jabil forecasts Q1 FY22 revenue between $8.0 billion and $8.6 billion.
Jabil Inc. (NYSE: JBL) announced a leadership transition, appointing CEO Mark Mondello as Chairman of the Board effective November 1, 2021. He succeeds Timothy L. Main, who will retire after a long tenure. Main, who joined Jabil in 1987, has been pivotal in guiding the company from $17 billion to nearly $30 billion in annual revenues and expanding its market presence through significant acquisitions. Mondello praised Main's contributions, highlighting the strong cultural foundation established during his tenure.
Jabil Inc. (NYSE: JBL) announced a breakthrough in coffee pod sustainability with the launch of a home-compostable coffee capsule, co-developed with Productos Solubles S.A. (Prosol). This innovative capsule eliminates the need for plastic or foil pouches, enhancing convenience while preserving flavor. Set to deliver over 500 million compostable capsules to European consumers in four years, this advancement signifies a substantial step in reducing packaging waste. The launch will be showcased at the AMI Single-Serve Capsules conference in Barcelona, from September 20-22, 2021.
Jabil Inc. (NYSE: JBL) is set to announce its fourth quarter and fiscal year 2021 earnings on September 29, 2021, before market opening. A conference call will follow at 8:30 a.m. ET, led by CEO Mark Mondello and CFO Mike Dastoor, who will discuss the results and provide an outlook for fiscal year 2022. Investors can access a live audio webcast on Jabil's investor relations website.
Jabil operates worldwide with over 260,000 employees across 100 locations.
Shavelogic has partnered with Jabil (NYSE: JBL) to enhance its design and production as it evolves into a key actor in the shaving industry. The collaboration aims to leverage Jabil's expertise in consumer goods and automation to innovate shaving products. Shavelogic, founded in 2009, focuses on high craftsmanship and has filed over 150 patents. They recently opened a manufacturing facility in the U.S. to address rising consumer demand while launching national marketing efforts.
Kasalis, a technology division of Jabil (NYSE: JBL), has re-launched its brand and website to enhance its market presence. Known for optical alignment technology, Kasalis leverages the expertise of over 200,000 Jabil employees for efficient manufacturing. The company focuses on advancing active alignment solutions for a variety of products such as AR/VR headsets and LiDAR systems. Co-founder Justin Roe emphasized their commitment to innovation and customer collaboration throughout the product development cycle.
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