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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) reported robust preliminary results for Q1 FY2023, achieving a net revenue of $9.6 billion and a core EPS of $2.31. The company experienced significant growth, with Electronics Manufacturing Services up 18% year-over-year and Diversified Manufacturing Services increasing 8%. For Q2 FY2023, Jabil forecasts revenues between $7.8 billion and $8.4 billion. The fiscal year outlook for core EPS has been raised to $8.40, reflecting a strong operational performance and favorable market conditions.
Jabil Inc. (NYSE: JBL) announced it will release its first quarter fiscal year 2023 financial results on December 15, 2022, before the market opens. A conference call and webcast will follow at 8:30 a.m. ET on the same day to discuss the results. Investors can join by calling (877) 407-6184 in the U.S. or (201) 389-0877 internationally. Archived access to the webcast will be available afterward. Jabil is a global manufacturing solutions provider, employing over 260,000 across 100 locations worldwide.
Jabil Inc. (NYSE: JBL) has inaugurated a new 10,000 square foot design center in Wroclaw, Poland, aimed at advancing technologies for the automotive and healthcare sectors. The center will create highly skilled engineering jobs and enhance Jabil's design capabilities, covering aspects like electronic power design and project management. With Wroclaw's rich talent pool and strategic location, the center is set to improve Jabil's service for European customers. Additionally, Jabil will co-locate its European Human Resources Employee Services team in the city.
Jabil Inc. (NYSE: JBL) has announced the appointment of Kenny Wilson as the new Chief Executive Officer, effective May 1, 2023. Wilson, who joined Jabil in 2000, has held various leadership roles, including Executive Vice President of the Jabil Greenpoint Team. Current CEO Mark Mondello will transition to the role of Executive Chairman, focusing on corporate strategy and development. The board highlights the seamless succession plan and Wilson's extensive experience in global operations as critical factors for the company's future success.
Jabil Inc. (NYSE: JBL) announced a quarterly dividend of $0.08 per share, payable on December 2, 2022, to shareholders on record as of November 15, 2022. This marks the continuation of Jabil's commitment, having paid consecutive dividends since May 15, 2006.
With over 260,000 employees in 30 countries, Jabil is a leading manufacturing solutions provider, emphasizing community impact and sustainability.
Clearwater Marine Aquarium has partnered with Jabil to introduce a new exhibit, Manatee Springs, aimed at educating visitors about manatees and their conservation. The exhibit features interactive modules designed for engagement, aiming to raise awareness of the threats these animals face. Jabil's involvement aligns with its community-focused initiatives under Jabil Cares, emphasizing environmental support in the Tampa Bay area. This collaboration demonstrates a commitment to marine life conservation, featuring manatee tracking and ecological education.
Badger Technologies, a division of Jabil, partners with BRdata Software Solutions to enhance grocery operations using autonomous robots. These robots gather near real-time pricing and inventory data to improve operational efficiencies and customer experiences. Independent grocers, like Woodman’s Markets, benefit significantly from these innovations. The collaboration aims to optimize sales, reduce labor costs, and streamline inventory management, ultimately enhancing profitability. Woodman’s Markets highlights the successful implementation of this technology at the BRdata World conference in October 2022.
Jabil Inc. (NYSE: JBL) announced a new $1 billion share repurchase program alongside its preliminary financial results for the fourth quarter and fiscal year 2022. Net revenue for Q4 was $9.0 billion, with year-on-year growth of 13% in Diversified Manufacturing Services and 32% in Electronics Manufacturing Services. For FY2022, net revenue totaled $33.5 billion, with diluted earnings per share of $6.90. The forecast for Q1 FY2023 projects net revenue between $9.0 billion and $9.6 billion, with diluted EPS expected to range from $1.65 to $2.05.
Jabil Inc. (NYSE: JBL) announced the general availability of its CFP2 DCO ECO Coherent Transceivers, optimized for 5G and data-center interconnect applications. The new module utilizes Nokia’s CSTAR200+ optical engine, emphasizing power efficiency and performance. Jabil's investments in photonics include advanced optical design, manufacturing, and testing capabilities, aimed at addressing evolving network demands. The second-generation optical module complies with recent communications standards while promoting reduced system complexities.
Badger Technologies has initiated a rollout of multipurpose autonomous robots at Busy Beaver Building Centers to streamline inventory management. Following a successful pilot, these robots will cut down inventory shelf checks from 80 hours weekly to 40 minutes daily. The Delmont store is also adopting Electronic Shelf Labels to enhance pricing accuracy. The integration of these technologies is aimed at improving operational efficiency amidst challenges like inflation and supply chain disruptions.
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