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 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.
Jabil Inc. (NYSE: JBL) has priced a $500 million offering of 1.700% Senior Notes due 2026, expected to close on April 14, 2021. The proceeds will primarily be used to repay a $300 million term loan facility. Jabil continues to serve as a key manufacturing solutions provider globally, supporting leading brands with extensive market expertise and capabilities.
For more details on the offering, Jabil has filed relevant documentation with the SEC, which can be accessed online.
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.
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