Jabil Inc. - JBL STOCK NEWS

Jabil Inc. (NYSE: JBL) has declared a quarterly dividend of $0.08 per share for shareholders of record as of May 15, 2023. The dividend is set to be payable on June 2, 2023. Jabil has maintained a record of consecutive quarterly cash dividends since May 15, 2006, emphasizing its commitment to returning value to shareholders. As a manufacturing solutions provider, Jabil operates over 100 locations globally and employs more than 250,000 people, serving some of the world's leading brands with technological and design capabilities.

Jabil Inc. (NYSE: JBL) announced the pricing of its $300 million offering of 5.450% Senior Notes due 2029 on April 10, 2023. The closing is expected to occur on April 13, 2023, pending customary conditions. The proceeds will be used for general corporate purposes, specifically to repay $300 million of 4.900% Senior Notes due 2023 at or before maturity. Jabil employs over 250,000 people across 100 locations globally, providing manufacturing solutions for leading brands. The company has filed a registration statement with the SEC regarding this offering, and it includes forward-looking statements about the anticipated closing and use of proceeds.

Jabil Inc. (NYSE: JBL) has partnered with KAV Sports to produce personalized 3D-printed bicycle helmets, enhancing comfort and safety. The new KAV Portola helmet features a custom nylon carbon-fiber material engineered by Jabil, recognized as one of Time Magazine's 'best inventions of 2022.' This innovative helmet aims to overcome traditional limitations like fit and durability, offering a tailored experience for users. KAV's helmets pass stringent safety tests, exceeding U.S. Consumer Product Safety Commission standards by over 25%. The collaboration aims to leverage Jabil's additive manufacturing expertise to expand KAV's product offerings and market reach.

Jabil Inc. (NYSE: JBL) reported strong preliminary results for Q2 fiscal 2023, with net revenue reaching $8.1 billion, reflecting solid growth in both Diversified Manufacturing Services (8%) and Electronics Manufacturing Services (7%). U.S. GAAP operating income was $359 million, with diluted EPS at $1.52. The company projected Q3 revenue between $7.9 billion and $8.5 billion, and diluted EPS between $1.50 and $1.90. For FY 2023, Jabil anticipates a 4.9% core operating margin on $34.5 billion revenue, indicating a positive outlook amid a dynamic macro environment.

Jabil (NYSE: JBL) has launched a new Active Optical Cable (AOC) family, designed to improve performance in data centers and cloud environments. The AOC utilizes VCSEL technology and PAM4 DSP technology, enhancing bandwidth while reducing latency and power consumption. Jabil's first 800G AOC product supports point-to-point communications up to 800Gbps and distances of up to 100 meters. This product, available in QSFP-DD and OSFP form factors, aims to meet the growing demands of AI, cloud, HPC, and ML applications. Jabil is also working on 400G AOC products to broaden its portfolio.

Jabil Inc. (NYSE: JBL) has announced it will release its second quarter fiscal year 2023 financial results on March 16, 2023, prior to 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 access the webcast via Jabil's Investor Relations website. Jabil is a leading manufacturing solutions provider, employing over 250,000 individuals across 100 locations in 30 countries. The company is committed to making a positive impact on communities and the environment.

Jabil Inc. (NYSE: JBL) has announced a quarterly dividend of $0.08 per share on its common stock, effective for shareholders of record as of February 15, 2023. The dividend will be paid on March 2, 2023. Jabil has consistently paid quarterly cash dividends since May 15, 2006, reflecting its commitment to returning value to shareholders. The company employs over 250,000 people across 100 locations in 30 countries, serving leading global brands with manufacturing solutions.