Jabil Inc. - JBL STOCK NEWS

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.

Jabil Inc. (NYSE: JBL) announced it will release its fourth quarter and fiscal year 2022 earnings on September 27, 2022, before the market opens. A conference call to discuss the results will take place at 8:30 a.m. ET on the same day, featuring Chairman and CEO Mark Mondello and CFO Mike Dastoor, who will outline priorities for fiscal year 2023. Investors can access the audio webcast and presentation on Jabil's Investor Relations website.

Jabil Inc. (NYSE: JBL) has declared a quarterly dividend of $0.08 per share, with shareholders of record as of August 15, 2022. The dividend is set to be paid on September 2, 2022. Jabil has a consistent history of dividend payments, having paid quarterly cash dividends since May 15, 2006. This ongoing commitment highlights the company's solid financial management and shareholder return strategy.

IdentifySensors Biologics has partnered with Jabil (NYSE: JBL) to manufacture portable diagnostic devices that detect infections molecularly with accuracy exceeding PCR tests. The Check4® devices include a multiple-use electronic reader and single-use test cartridges, capable of identifying four infections from saliva in minutes. This technology, developed in collaboration with Purdue University, enables real-time monitoring of test results at a lower cost than traditional methods. The partnership aims to ensure high-quality production of this innovative testing solution.

Jabil (NYSE: JBL) partners with SolarEdge to enhance manufacturing of intelligent power inverters and optimizers, achieving over 2.5 million inverters and 60 million optimizers globally. Their collaboration focuses on manufacturing automation and excellence, significantly reducing production time by nearly 50%. Jabil's dual-site strategy in China and Vietnam ensures scalability, while robust supply chain management mitigates disruptions, especially during the pandemic. This partnership aims to further the green energy revolution by delivering innovative solar solutions.

Jabil reported strong preliminary financial results for Q3 FY2022, with net revenue reaching $8.3 billion.

Year-on-year growth was noted in Diversified Manufacturing Services (up 7%) and Electronics Manufacturing Services (up 23%).

Operating income stood at $321 million with diluted EPS of $1.52. The fourth quarter outlook estimates revenue between $8.1 billion and $8.7 billion, with EPS projected between $1.78 and $2.18.

For FY2022, Jabil expects revenue around $32.8 billion and core EPS of $7.45.

Badger Technologies, a division of Jabil (NYSE: JBL), has launched a pilot program with Vallarta Supermarkets to enhance operational safety and customer service through multipurpose autonomous robots. These robots, deployed at five locations in California, assist in identifying hazards and enhancing inventory management. The program aims to improve store safety, cleanliness, and overall shopping experiences by automating hazard detection and providing real-time inventory data. Badger's robots are crucial in addressing labor shortages and improving operational efficiencies.

Jabil Inc. (NYSE: JBL) will release its third quarter fiscal year 2022 financial results on June 16, 2022, before the market opens. A conference call to discuss the results will take place at 8:30 a.m. ET on the same day. Investors can join the call by dialing (877) 407-6184 for the U.S. or (201) 389-0877 internationally. A live audio webcast and slide presentation will be available on Jabil's investor relations website, with an archived replay to follow.