Jabil Inc. - JBL STOCK NEWS

Jabil Inc. (NYSE: JBL) has announced a $1 billion share repurchase program, demonstrating its commitment to returning capital to shareholders. The buyback will occur over fiscal year 2023, with shares repurchased at the company's discretion. CEO Mark Mondello expressed confidence in Jabil's ability to generate strong earnings and free cash flow. Since 2016, Jabil has returned approximately $2 billion to shareholders through share repurchases and dividends. The company has repurchased 63.6 million shares at an average price of $28.73.

Jabil (NYSE: JBL) has announced a compliant solution for its FDA-cleared nPro™ surgical masks, developed with NP Medical, Inc. This initiative aligns with the Berry Amendment, enhancing domestic supply chains for the U.S. government, including the Department of Defense (DoD). Jabil, leveraging its GSA-Schedule status and compliance with recent executive orders, is positioned to fulfill large-scale orders of these masks, ensuring high-quality, American-made products. With over 99% filtration efficiency, Jabil aims to address the ongoing demand for compliant PPE during the pandemic.

Jabil (NYSE: JBL) announced the development of a novel omnidirectional sensor at its optical design center in Jena, Germany. This advanced 3D time-of-flight depth sensor features a 360° x 60° field of view, aimed at enhancing obstacle avoidance and worker safety in robotics. The sensor's innovative design incorporates a custom optical assembly and active illumination, improving data quality and reducing noise. Jabil Optics, with nearly two decades of experience, focuses on optimizing sensor performance for cost-effective solutions in the evolving robotics industry.

Jabil Inc. (NYSE: JBL) reported strong preliminary financial results for Q3 FY21, achieving a core operating income of $277 million on revenues of $7.2 billion. This reflects a 21% growth in Diversified Manufacturing Services year-on-year and an 8% increase in Electronics Manufacturing Services. The company expects Q4 revenues between $7.3 billion and $7.9 billion, raising its FY21 revenue outlook to approximately $29.5 billion and core EPS to about $5.50.

Jabil Packaging Solutions has unveiled the Eco.bottle® product platform for VITTEL®, significantly reducing plastic use by over 50% compared to current bottles. This hybrid design incorporates 80% recycled paper and 20% recycled plastic, enhancing recycling efficiency with a patented tear strip for easy separation. The launch follows a collaboration begun in 2020, showcasing at the Tour de France from June 26 to July 18, 2021. The innovative bottle aims to address sustainability challenges in packaging and aligns with consumer expectations for responsible waste management.

Jabil Inc. (NYSE: JBL) will disclose its third quarter fiscal year 2021 financial results on June 17, 2021, before market opening. A conference call and webcast will take place at 8:30 a.m. ET on the same day to discuss the results. Investors can join via dial-in numbers or access the live audio webcast and presentation through the Investor Relations section of Jabil's website.

Jabil operates in over 100 locations across 30 countries with a workforce exceeding 260,000 employees, serving many of the world's leading brands.

Jabil (NYSE: JBL) will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 25, 2021, at 8:45 a.m. EST. A live audio webcast and replay will be available on Jabil's Investor Relations website, ensuring accessibility for interested parties. Jabil is a leading manufacturing solutions provider, employing over 260,000 people across 30 countries and offering extensive market experience, technical capabilities, and supply chain insights. For more information, visit Jabil's Investor Relations.

Jabil Packaging Solutions has launched a connected packaging platform aimed at enhancing user experiences for Consumer Packaged Goods (CPG) companies. This innovative platform utilizes sensors, connectivity, and cloud technologies to facilitate seamless reordering for consumers. With the growth of e-commerce and subscription services driven by the pandemic, Jabil positions itself uniquely in the market by offering comprehensive services across the connected packaging value chain. The platform aims to boost convenience and brand loyalty while addressing industry shifts and evolving consumer needs.

Jabil Inc. (NYSE: JBL) has declared a quarterly dividend of $0.08 per share, payable on June 2, 2021, to shareholders on record as of May 14, 2021. This marks a continuation of Jabil's commitment to returning value to its shareholders, having paid consecutive dividends since May 15, 2006. The company is recognized for its extensive manufacturing solutions and global reach, serving over 260,000 employees across 100 locations worldwide.