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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 Inc. (NYSE: JBL) has launched a new patent pending additive material, Jabil PA 0600, designed for high-strength applications in the aerospace, automotive, and industrial sectors. Developed at their Minnesota Materials Innovation Center, this filament offers superior stiffness, durability, and safety by eliminating formaldehyde emissions during processing, making it a safer alternative to traditional Acetal plastics. Jabil’s survey highlights a growing trend in additive manufacturing, with nearly 50% of surveyed companies expecting to double their use of 3D printing for production parts in the next three to five years.
Jabil reported strong preliminary financial results for Q2 2021, achieving $6.8 billion in net revenue and $285 million in core operating income. Diversified Manufacturing Services saw a 26% year-on-year revenue growth, while Electronics Manufacturing Services faced a 1% decrease. The company provided a positive outlook for Q3, expecting revenue between $6.6 billion and $7.2 billion, with core diluted EPS projected between $0.90 and $1.10. Jabil has raised its FY21 revenue forecast to approximately $28.5 billion with core EPS around $5.
Jabil Healthcare has announced a strategic collaboration with E3D, gaining exclusive rights to develop a reusable auto-injector and connected variants. This partnership aims to enhance the development of connected drug delivery devices, offering patient-centric benefits and a range of dosing volumes. Jabil's expertise in manufacturing will support the commercialization of these innovative solutions. The agreement positions Jabil to expand its market offering and strengthen its capabilities in digital health technologies, benefiting both the company and its healthcare clients.
Jabil Inc. (NYSE: JBL) will announce its second quarter fiscal year 2021 financial results on Tuesday, March 16, 2021, before market opening. The company will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results. Interested parties can dial U.S. (877) 407-6184 or International (201) 389-0877 to join the call, while the live audio webcast will be available on Jabil's Investor Relations website. An archived replay will also be made available post-call.
Jabil (NYSE: JBL) has announced its readiness to deliver FDA-cleared, medical-quality face masks made in the USA through its subsidiary NP Medical, Inc. These masks will support the federal mask mandate issued by President Biden. Jabil's operations in Memphis will fulfill high-volume PPE orders, ensuring accessibility for the general population. The nPro™ masks provide over 99% Sub-micron Particulate and Bacterial Filtration Efficiency, meeting ASTM F2100-19 Level 1 requirements. Jabil emphasizes its commitment to supporting local and state governments during the pandemic.
Badger Technologies, a division of Jabil, has launched the Badger UV Disinfect robot, aimed at combating COVID-19 and pathogens in retail environments. Equipped with UV-C technology by UVDI, early tests show over 99% effectiveness against viruses like SARS-CoV-2 and E. coli. The robot can disinfect 40,000 square feet in about two hours. This innovation supports retailers in addressing contamination concerns efficiently. The partnership between Badger Technologies and UVDI aims to enhance infection prevention strategies with ongoing testing planned for Q1.
Jabil Inc. (NYSE: JBL) has declared a quarterly dividend of $0.08 per share, payable on March 2, 2021, to shareholders of record as of February 15, 2021. This marks the continuation of Jabil's commitment to returning value to its shareholders, maintaining consecutive quarterly dividends since May 15, 2006. The company employs over 260,000 people in 100 locations across 30 countries, providing manufacturing solutions to renowned global brands.
Jabil announced the acquisition of Ecologic Brands, a sustainable packaging provider specializing in paper bottles. This strategic move enhances Jabil's offerings in sustainable packaging for consumer goods. The acquisition of Ecologic, which serves major brands like L’Oréal and Seventh Generation, will leverage Jabil's global manufacturing capabilities to reduce plastic use in packaging. The acquisition is expected to expand Jabil's market presence and support its sustainability goals, utilizing Ecologic's innovative products and technologies.
Jabil Inc. (NYSE: JBL) will hold its Annual Meeting of Shareholders virtually on January 21, 2021, at 10:00 a.m. (EST). Shareholders of record as of November 30, 2020, are encouraged to participate and vote through the online platform. The meeting will include formal proposals and a Q&A session with Jabil’s CEO and CFO. A live audio webcast and replay will be available on Jabil's Investor Relations website post-meeting. Jabil, a global manufacturing solutions provider, has over 260,000 employees across 100 locations worldwide.
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