Latest news with #JabilInc
Yahoo
6 hours ago
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Why Jabil (JBL) Stock Is Up Today
Shares of electronics manufacturing services provider Jabil (NYSE:JBL) jumped 12.2% in the morning session after the company reported an impressive "beat and raise" second quarter 2025 result, which blew past analysts' revenue, earnings per share, and operating income estimates. Strong demand for its AI products more than offset weaknesses in areas like EVs, Renewables, and 5G. Looking ahead, its revenue guidance for next quarter trumped Wall Street's estimates, and it lifted its full-year sales and EPS outlook. Full-year free cash flow estimate was also maintained at $1.2 billion+, backing management's resolve to return more value to shareholders. Zooming out, we think this was a strong quarter. Is now the time to buy Jabil? Access our full analysis report here, it's free. Jabil's shares are somewhat volatile and have had 13 moves greater than 5% over the last year. But moves this big are rare even for Jabil and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 3 months ago when the stock gained 9% on the news that the company reported strong first-quarter (Q2 2025) results that significantly blew past analysts' revenue and EPS estimates. The company attributed the strong growth to demand for its capital equipment, cloud and data center businesses. Despite the outperformance, profits came in softer than expected due to restructuring and severance costs. This helped Jabil beat analysts' EPS expectations. Overall, this was a decent quarter, which showed that the company was staying on track. Jabil is up 41.7% since the beginning of the year, and at $202.33 per share, has set a new 52-week high. Investors who bought $1,000 worth of Jabil's shares 5 years ago would now be looking at an investment worth $6,157. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
11 hours ago
- Business
- Washington Post
Jabil: Fiscal Q3 Earnings Snapshot
ST PETERSBURG, Fla. — ST PETERSBURG, Fla. — Jabil Inc. (JBL) on Tuesday reported fiscal third-quarter profit of $222 million. The St Petersburg, Florida-based company said it had net income of $2.03 per share. Earnings, adjusted for one-time gains and costs, were $2.55 per share. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.
Business Wire
11 hours ago
- Business
- Business Wire
Jabil Posts Third Quarter Results
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its third quarter of fiscal year 2025. Third Quarter of Fiscal Year 2025 Highlights: Net revenue: $7.8 billion U.S. GAAP operating income: $403 million U.S. GAAP diluted earnings per share: $2.03 Core operating income (Non-GAAP): $420 million Core diluted earnings per share (Non-GAAP): $2.55 "We delivered a strong third quarter, outperforming expectations across key end-markets such as cloud, data center infrastructure, and capital equipment,' said CEO Mike Dastoor. "Our Intelligent Infrastructure segment remains a critical growth engine, benefiting from accelerating AI-driven demand. Despite softness in areas like EVs, Renewables, and 5G, our diversified portfolio and operational discipline have us tracking toward record core earnings per share. Looking ahead, we remain focused on enhancing core margins, optimizing cash flow, and returning value to shareholders—primarily through share repurchases and targeted investments in higher-margin opportunities," he added. Fourth Quarter of Fiscal Year 2025 Outlook: ____________________ (1) Core operating income and core diluted earnings per share exclude anticipated adjustments of $17 million for amortization of intangibles (or $0.14 per diluted share) and $20 million for stock-based compensation expense and related charges (or $0.18 per diluted share) and $60 million to $40 million (or $0.53 to $0.35 per diluted share) for restructuring, severance and related charges. Expand Fiscal Year 2025 Outlook: (Definitions: 'U.S. GAAP' means U.S. generally accepted accounting principles. Jabil defines core operating income as U.S. GAAP operating income less amortization of intangibles, stock-based compensation expense and related charges, restructuring, severance and related charges, distressed customer charges, loss on disposal of subsidiaries, settlement of receivables and related charges, impairment of notes receivable and related charges, goodwill impairment charges, business interruption and impairment charges, net, (gain) loss from the divestiture of businesses, acquisition and divestiture related charges, plus other components of net periodic benefit cost. Jabil defines core earnings as core operating income, less loss on debt extinguishment, loss (gain) on securities, other components of net periodic benefit cost, income (loss) from discontinued operations, gain (loss) on sale of discontinued operations and certain other expenses, net of tax and certain deferred tax valuation allowance charges. Jabil defines core diluted earnings per share as core earnings divided by the weighted average number of outstanding diluted shares as determined under U.S. GAAP. Jabil defines adjusted free cash flow as net cash provided by (used in) operating activities less net capital expenditures (acquisition of property, plant and equipment less proceeds and advances from sale of property, plant and equipment). Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flow to provide investors an additional method for assessing operating income, earnings, diluted earnings per share and free cash flow from what it believes are its core manufacturing operations. See the accompanying reconciliation of Jabil's core operating income to its U.S. GAAP operating income, its calculation of core earnings and core diluted earnings per share to its U.S. GAAP net income and U.S. GAAP earnings per share and additional information in the supplemental information.) Forward Looking Statements: This release contains forward-looking statements, including those regarding our anticipated financial results for our third quarter of fiscal year 2025 and our guidance for future financial performance in our fourth quarter of fiscal year 2025 (including, net revenue, U.S. GAAP operating income, U.S. GAAP diluted earnings per share, core operating income (Non-GAAP), core diluted earnings per share (Non-GAAP) results and the components thereof, including but not limited to amortization of intangibles, stock-based compensation expense and related charges and restructuring, severance and related charges); and our full year 2025 (including net revenue, core operating margin (Non-GAAP), core diluted earnings per share (Non-GAAP), the components thereof and adjusted free cash flow (Non-GAAP)). The statements in this release are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from our current expectations. Such factors include, but are not limited to: our determination as we finalize our financial results for our third quarter of fiscal year 2025 that our financial results and conditions differ from our current preliminary unaudited numbers set forth herein; scheduling production, managing growth and capital expenditures and maximizing the efficiency of our manufacturing capacity effectively; managing rapid declines or increases in customer demand and other related customer challenges that may occur; our dependence on a limited number of customers; our ability to purchase components efficiently and reliance on a limited number of suppliers for critical components; risks arising from relationships with emerging companies; changes in technology and competition in our industry; our ability to introduce new business models or programs requiring implementation of new competencies; competition; transportation issues; our ability to maintain our engineering, technological and manufacturing expertise; retaining key personnel; risks associated with international sales and operations, including geopolitical uncertainties; energy price increases or shortages; our ability to achieve expected profitability from acquisitions; risk arising from our restructuring activities; issues involving our information systems, including security issues; regulatory risks (including the expense of complying, or failing to comply, with applicable regulations; risk arising from design or manufacturing defects; risk arising from compliance, or failure to comply, with environmental, health and safety laws or regulations; risk arising from litigation; and intellectual property risk); financial risks (including customers or suppliers who become financially troubled; turmoil in financial markets; tax risks; credit rating risks; risks of exposure to debt; currency fluctuations; and asset impairment); changes in financial accounting standards or policies; risk of natural disaster, climate change or other global events; and risks arising from expectations relating to environmental, social and governance considerations. Additional factors that could cause such differences can be found in our Annual Report on Form 10-K for the fiscal year ended August 31, 2024 and our other filings with the Securities and Exchange Commission. We assume no obligation to update these forward-looking statements. Supplemental Information Regarding Non-GAAP Financial Measures: Jabil provides supplemental, non-GAAP financial measures in this release to facilitate evaluation of Jabil's core operating performance. These non-GAAP measures exclude certain amounts that are included in the most directly comparable U.S. GAAP measures, do not have standard meanings and may vary from the non-GAAP financial measures used by other companies. Management believes these 'core' financial measures are useful measures that facilitate evaluation of the past and future performance of Jabil's ongoing operations on a comparable basis. Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flows to provide investors an additional method for assessing operating income, earnings, earnings per share and free cash flow from what it believes are its core manufacturing operations. Among other uses, management uses non-GAAP financial measures to make operating decisions, assess business performance and as a factor in determining certain employee performance when determining incentive compensation. The Company determines an annual normalized tax rate ('normalized core tax rate') for the computation of the non-GAAP (core) income tax provision to provide better consistency across reporting periods. In estimating the normalized core tax rate annually, the Company utilizes a full-year financial projection of core earnings that considers the mix of earnings across tax jurisdictions, existing tax positions, and other significant tax matters. The Company may adjust the normalized core tax rate during the year for material impacts from new tax legislation or material changes to the Company's operations. Detailed definitions of certain of the core financial measures are included above under 'Definitions' and a reconciliation of the disclosed core financial measures to the most directly comparable U.S. GAAP financial measures is included under the heading 'Supplemental Data' at the end of this release. Meeting and Replay Information: Jabil will hold a conference call today at 8:30 a.m. ET to discuss its earnings for the third quarter of fiscal year 2025. To access the live audio webcast and view the accompanying slide presentation, visit the Investor Relations section of Jabil's website, located at An archived replay of the webcast will also be available after completion of the call. About Jabil: At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world's top brands, offering comprehensive engineering, supply chain, and manufacturing solutions. With over 50 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities around the globe. Discover more at JABIL INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except for per share data) (Unaudited) Three months ended Nine months ended May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024 Net revenue $ 7,828 $ 6,765 $ 21,550 $ 21,919 Cost of revenue 7,147 6,157 19,687 19,906 Gross profit 681 608 1,863 2,013 Operating expenses: Selling, general and administrative 274 268 835 890 Research and development 7 9 22 29 Amortization of intangibles 17 12 45 27 Restructuring, severance and related charges 16 55 144 252 Gain from the divestiture of businesses (45 ) — (45 ) (944 ) Acquisition and divestiture related charges 9 3 17 64 Operating income 403 261 845 1,695 Loss on securities 46 — 46 — Interest and other, net 67 60 186 197 Income before income tax 290 201 613 1,498 Income tax expense 68 72 174 248 Net income 222 129 439 1,250 Net income attributable to noncontrolling interests, net of tax — — — — Net income attributable to Jabil Inc. $ 222 $ 129 $ 439 $ 1,250 Earnings per share attributable to the stockholders of Jabil Inc.: Basic $ 2.05 $ 1.08 $ 3.98 $ 10.01 Diluted $ 2.03 $ 1.06 $ 3.94 $ 9.86 Weighted average shares outstanding: Basic 108.0 119.9 110.2 124.9 Diluted 109.3 121.7 111.5 126.9 Expand JABIL INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) (Unaudited) Nine months ended May 31, 2025 May 31, 2024 Cash flows provided by operating activities: Net income $ 439 $ 1,250 Depreciation, amortization, and other, net 622 557 Gain from the divestiture of businesses (45 ) (944 ) Change in operating assets and liabilities, exclusive of net assets acquired 36 318 Net cash provided by operating activities 1,052 1,181 Cash flows (used in) provided by investing activities: Acquisition of property, plant and equipment (299 ) (660 ) Proceeds and advances from sale of property, plant and equipment 60 115 Cash paid for business and intangible asset acquisitions, net of cash (393 ) (90 ) Proceeds from the divestiture of businesses, net of cash 54 2,108 Other, net — (6 ) Net cash (used in) provided by investing activities (578 ) 1,467 Cash flows used in financing activities: Borrowings under debt agreements 1,604 1,895 Payments toward debt agreements (1,720 ) (1,987 ) Payments to acquire treasury stock (975 ) (1,824 ) Dividends paid to stockholders (28 ) (32 ) Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan 33 31 Treasury stock minimum tax withholding related to vesting of restricted stock (41 ) (68 ) Other, net (38 ) (4 ) Net cash used in financing activities (1,165 ) (1,989 ) Effect of exchange rate changes on cash and cash equivalents 13 (6 ) Net (decrease) increase in cash and cash equivalents (678 ) 653 Cash and cash equivalents at beginning of period 2,201 1,804 Cash and cash equivalents at end of period $ 1,523 $ 2,457 Expand JABIL INC. AND SUBSIDIARIES SUPPLEMENTAL DATA RECONCILIATION OF U.S. GAAP FINANCIAL RESULTS TO NON-GAAP MEASURES (in millions, except for per share data) (Unaudited) Three months ended Nine months ended May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024 Operating income (U.S. GAAP) $ 403 $ 261 $ 845 $ 1,695 Amortization of intangibles 17 12 45 27 Stock-based compensation expense and related charges 19 3 84 72 Restructuring, severance and related charges (1) 16 55 144 252 Net periodic benefit cost — 2 1 7 Business interruption and impairment charges, net (2) 1 14 10 14 Gain from the divestiture of businesses (3) (45 ) — (45 ) (944 ) Acquisition and divestiture related charges (3) 9 3 17 64 Adjustments to operating income 17 89 256 (508 ) Core operating income (Non-GAAP) $ 420 $ 350 $ 1,101 $ 1,187 Net income attributable to Jabil Inc. (U.S. GAAP) $ 222 $ 129 $ 439 $ 1,250 Adjustments to operating income 17 89 256 (508 ) Loss on securities (4) 46 — 46 — Net periodic benefit cost — (2 ) (1 ) (7 ) Adjustments for taxes (6 ) 14 (18 ) 51 Core earnings (Non-GAAP) $ 279 $ 230 $ 722 $ 786 Diluted earnings per share (U.S. GAAP) $ 2.03 $ 1.06 $ 3.94 $ 9.86 Diluted core earnings per share (Non-GAAP) $ 2.55 $ 1.89 $ 6.48 $ 6.20 Diluted weighted average shares outstanding (U.S. GAAP and Non-GAAP) 109.3 121.7 111.5 126.9 Expand ____________________ (1) Charges recorded during the three months and nine months ended May 31, 2025 and May 31, 2024, primarily related to the 2025 Restructuring Plan and 2024 Restructuring Plan, respectively. (2) Charges recorded during the nine months ended May 31, 2025, relate primarily to costs associated with damage from Hurricanes Helene and Milton, which impacted our operations in St. Petersburg, Florida and Asheville and Hendersonville, North Carolina. Charges recorded during the three months and nine months ended May 31, 2024, related to costs associated with product quality liabilities. (3) We completed the divestiture of our Mobility Business and recorded a pre-tax gain of $944 million during the nine months ended May 31, 2024. Certain post-closing adjustments were realized in March 2025, which resulted in the recognition of a $54 million pre-tax gain during the three months ended May 31, 2025. We incurred transaction and disposal costs in connection with the sale of approximately $64 million during the nine months ended May 31, 2024. (4) Charges recorded during the three months and nine months ended May 31, 2025, relate to an impairment of an investment in Preferred Stock. Expand ____________________ (1) Certain customers co-invest in PP&E with us. As we acquire PP&E, we recognize the cash payments in acquisition of PP&E. When our customers reimburse us and obtain control, we recognize the cash receipts in proceeds and advances from the sale of PP&E. Expand
Yahoo
11 hours ago
- Business
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Jabil Posts Third Quarter Results
Raises Fiscal 2025 Outlook ST. PETERSBURG, Fla., June 17, 2025--(BUSINESS WIRE)--Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its third quarter of fiscal year 2025. Third Quarter of Fiscal Year 2025 Highlights: Net revenue: $7.8 billion U.S. GAAP operating income: $403 million U.S. GAAP diluted earnings per share: $2.03 Core operating income (Non-GAAP): $420 million Core diluted earnings per share (Non-GAAP): $2.55 "We delivered a strong third quarter, outperforming expectations across key end-markets such as cloud, data center infrastructure, and capital equipment," said CEO Mike Dastoor. "Our Intelligent Infrastructure segment remains a critical growth engine, benefiting from accelerating AI-driven demand. Despite softness in areas like EVs, Renewables, and 5G, our diversified portfolio and operational discipline have us tracking toward record core earnings per share. Looking ahead, we remain focused on enhancing core margins, optimizing cash flow, and returning value to shareholders—primarily through share repurchases and targeted investments in higher-margin opportunities," he added. Fourth Quarter of Fiscal Year 2025 Outlook: • Net revenue $7.1 billion to $7.8 billion • U.S. GAAP operating income $331 million to $411 million • U.S. GAAP diluted earnings per share $1.79 to $2.37 per diluted share • Core operating income (Non-GAAP)(1) $428 million to $488 million • Core diluted earnings per share (Non-GAAP)(1) $2.64 to $3.04 per diluted share ____________________ (1) Core operating income and core diluted earnings per share exclude anticipated adjustments of $17 million for amortization of intangibles (or $0.14 per diluted share) and $20 million for stock-based compensation expense and related charges (or $0.18 per diluted share) and $60 million to $40 million (or $0.53 to $0.35 per diluted share) for restructuring, severance and related charges. Fiscal Year 2025 Outlook: • Net revenue $29 billion • Core operating margin (Non-GAAP) 5.4% • Core diluted earnings per share (Non-GAAP) $9.33 per diluted share • Adjusted free cash flow (Non-GAAP) $1.2+ billion (Definitions: "U.S. GAAP" means U.S. generally accepted accounting principles. Jabil defines core operating income as U.S. GAAP operating income less amortization of intangibles, stock-based compensation expense and related charges, restructuring, severance and related charges, distressed customer charges, loss on disposal of subsidiaries, settlement of receivables and related charges, impairment of notes receivable and related charges, goodwill impairment charges, business interruption and impairment charges, net, (gain) loss from the divestiture of businesses, acquisition and divestiture related charges, plus other components of net periodic benefit cost. Jabil defines core earnings as core operating income, less loss on debt extinguishment, loss (gain) on securities, other components of net periodic benefit cost, income (loss) from discontinued operations, gain (loss) on sale of discontinued operations and certain other expenses, net of tax and certain deferred tax valuation allowance charges. Jabil defines core diluted earnings per share as core earnings divided by the weighted average number of outstanding diluted shares as determined under U.S. GAAP. Jabil defines adjusted free cash flow as net cash provided by (used in) operating activities less net capital expenditures (acquisition of property, plant and equipment less proceeds and advances from sale of property, plant and equipment). Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flow to provide investors an additional method for assessing operating income, earnings, diluted earnings per share and free cash flow from what it believes are its core manufacturing operations. See the accompanying reconciliation of Jabil's core operating income to its U.S. GAAP operating income, its calculation of core earnings and core diluted earnings per share to its U.S. GAAP net income and U.S. GAAP earnings per share and additional information in the supplemental information.) Forward Looking Statements: This release contains forward-looking statements, including those regarding our anticipated financial results for our third quarter of fiscal year 2025 and our guidance for future financial performance in our fourth quarter of fiscal year 2025 (including, net revenue, U.S. GAAP operating income, U.S. GAAP diluted earnings per share, core operating income (Non-GAAP), core diluted earnings per share (Non-GAAP) results and the components thereof, including but not limited to amortization of intangibles, stock-based compensation expense and related charges and restructuring, severance and related charges); and our full year 2025 (including net revenue, core operating margin (Non-GAAP), core diluted earnings per share (Non-GAAP), the components thereof and adjusted free cash flow (Non-GAAP)). The statements in this release are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from our current expectations. Such factors include, but are not limited to: our determination as we finalize our financial results for our third quarter of fiscal year 2025 that our financial results and conditions differ from our current preliminary unaudited numbers set forth herein; scheduling production, managing growth and capital expenditures and maximizing the efficiency of our manufacturing capacity effectively; managing rapid declines or increases in customer demand and other related customer challenges that may occur; our dependence on a limited number of customers; our ability to purchase components efficiently and reliance on a limited number of suppliers for critical components; risks arising from relationships with emerging companies; changes in technology and competition in our industry; our ability to introduce new business models or programs requiring implementation of new competencies; competition; transportation issues; our ability to maintain our engineering, technological and manufacturing expertise; retaining key personnel; risks associated with international sales and operations, including geopolitical uncertainties; energy price increases or shortages; our ability to achieve expected profitability from acquisitions; risk arising from our restructuring activities; issues involving our information systems, including security issues; regulatory risks (including the expense of complying, or failing to comply, with applicable regulations; risk arising from design or manufacturing defects; risk arising from compliance, or failure to comply, with environmental, health and safety laws or regulations; risk arising from litigation; and intellectual property risk); financial risks (including customers or suppliers who become financially troubled; turmoil in financial markets; tax risks; credit rating risks; risks of exposure to debt; currency fluctuations; and asset impairment); changes in financial accounting standards or policies; risk of natural disaster, climate change or other global events; and risks arising from expectations relating to environmental, social and governance considerations. Additional factors that could cause such differences can be found in our Annual Report on Form 10-K for the fiscal year ended August 31, 2024 and our other filings with the Securities and Exchange Commission. We assume no obligation to update these forward-looking statements. Supplemental Information Regarding Non-GAAP Financial Measures: Jabil provides supplemental, non-GAAP financial measures in this release to facilitate evaluation of Jabil's core operating performance. These non-GAAP measures exclude certain amounts that are included in the most directly comparable U.S. GAAP measures, do not have standard meanings and may vary from the non-GAAP financial measures used by other companies. Management believes these "core" financial measures are useful measures that facilitate evaluation of the past and future performance of Jabil's ongoing operations on a comparable basis. Jabil reports core operating income, core earnings, core diluted earnings per share and adjusted free cash flows to provide investors an additional method for assessing operating income, earnings, earnings per share and free cash flow from what it believes are its core manufacturing operations. Among other uses, management uses non-GAAP financial measures to make operating decisions, assess business performance and as a factor in determining certain employee performance when determining incentive compensation. The Company determines an annual normalized tax rate ("normalized core tax rate") for the computation of the non-GAAP (core) income tax provision to provide better consistency across reporting periods. In estimating the normalized core tax rate annually, the Company utilizes a full-year financial projection of core earnings that considers the mix of earnings across tax jurisdictions, existing tax positions, and other significant tax matters. The Company may adjust the normalized core tax rate during the year for material impacts from new tax legislation or material changes to the Company's operations. Detailed definitions of certain of the core financial measures are included above under "Definitions" and a reconciliation of the disclosed core financial measures to the most directly comparable U.S. GAAP financial measures is included under the heading "Supplemental Data" at the end of this release. Meeting and Replay Information: Jabil will hold a conference call today at 8:30 a.m. ET to discuss its earnings for the third quarter of fiscal year 2025. To access the live audio webcast and view the accompanying slide presentation, visit the Investor Relations section of Jabil's website, located at An archived replay of the webcast will also be available after completion of the call. About Jabil: At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world's top brands, offering comprehensive engineering, supply chain, and manufacturing solutions. With over 50 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities around the globe. Discover more at JABIL INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in millions) May 31, 2025(unaudited) August 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 1,523 $ 2,201 Accounts receivable, net 4,004 3,533 Contract assets 1,107 1,071 Inventories, net 4,772 4,276 Prepaid expenses and other current assets 2,376 1,710 Total current assets 13,782 12,791 Property, plant and equipment, net 2,881 3,024 Operating lease right-of-use assets 431 360 Goodwill and intangible assets, net 1,119 804 Deferred income taxes 108 96 Other assets 266 276 Total assets $ 18,587 $ 17,351 LIABILITIES AND EQUITY Current liabilities: Current installments of notes payable and long-term debt $ 499 $ — Accounts payable 7,614 6,190 Accrued expenses 5,806 5,499 Current operating lease liabilities 96 93 Total current liabilities 14,015 11,782 Notes payable and long-term debt, less current installments 2,385 2,880 Other liabilities 338 416 Non-current operating lease liabilities 350 284 Income tax liabilities 97 109 Deferred income taxes 115 143 Total liabilities 17,300 15,614 Commitments and contingencies Equity: Jabil Inc. stockholders' equity: Preferred stock — — Common stock — — Additional paid-in capital 2,998 2,841 Retained earnings 6,173 5,760 Accumulated other comprehensive loss (10 ) (46 ) Treasury stock, at cost (7,876 ) (6,818 ) Total Jabil Inc. stockholders' equity 1,285 1,737 Noncontrolling interests 2 — Total equity 1,287 1,737 Total liabilities and equity $ 18,587 $ 17,351 JABIL INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except for per share data) (Unaudited) Three months ended Nine months ended May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024 Net revenue $ 7,828 $ 6,765 $ 21,550 $ 21,919 Cost of revenue 7,147 6,157 19,687 19,906 Gross profit 681 608 1,863 2,013 Operating expenses: Selling, general and administrative 274 268 835 890 Research and development 7 9 22 29 Amortization of intangibles 17 12 45 27 Restructuring, severance and related charges 16 55 144 252 Gain from the divestiture of businesses (45 ) — (45 ) (944 ) Acquisition and divestiture related charges 9 3 17 64 Operating income 403 261 845 1,695 Loss on securities 46 — 46 — Interest and other, net 67 60 186 197 Income before income tax 290 201 613 1,498 Income tax expense 68 72 174 248 Net income 222 129 439 1,250 Net income attributable to noncontrolling interests, net of tax — — — — Net income attributable to Jabil Inc. $ 222 $ 129 $ 439 $ 1,250 Earnings per share attributable to the stockholders of Jabil Inc.: Basic $ 2.05 $ 1.08 $ 3.98 $ 10.01 Diluted $ 2.03 $ 1.06 $ 3.94 $ 9.86 Weighted average shares outstanding: Basic 108.0 119.9 110.2 124.9 Diluted 109.3 121.7 111.5 126.9 JABIL INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) (Unaudited) Nine months ended May 31, 2025 May 31, 2024 Cash flows provided by operating activities: Net income $ 439 $ 1,250 Depreciation, amortization, and other, net 622 557 Gain from the divestiture of businesses (45 ) (944 ) Change in operating assets and liabilities, exclusive of net assets acquired 36 318 Net cash provided by operating activities 1,052 1,181 Cash flows (used in) provided by investing activities: Acquisition of property, plant and equipment (299 ) (660 ) Proceeds and advances from sale of property, plant and equipment 60 115 Cash paid for business and intangible asset acquisitions, net of cash (393 ) (90 ) Proceeds from the divestiture of businesses, net of cash 54 2,108 Other, net — (6 ) Net cash (used in) provided by investing activities (578 ) 1,467 Cash flows used in financing activities: Borrowings under debt agreements 1,604 1,895 Payments toward debt agreements (1,720 ) (1,987 ) Payments to acquire treasury stock (975 ) (1,824 ) Dividends paid to stockholders (28 ) (32 ) Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan 33 31 Treasury stock minimum tax withholding related to vesting of restricted stock (41 ) (68 ) Other, net (38 ) (4 ) Net cash used in financing activities (1,165 ) (1,989 ) Effect of exchange rate changes on cash and cash equivalents 13 (6 ) Net (decrease) increase in cash and cash equivalents (678 ) 653 Cash and cash equivalents at beginning of period 2,201 1,804 Cash and cash equivalents at end of period $ 1,523 $ 2,457 JABIL INC. AND SUBSIDIARIES SUPPLEMENTAL DATA RECONCILIATION OF U.S. GAAP FINANCIAL RESULTS TO NON-GAAP MEASURES (in millions, except for per share data) (Unaudited) Three months ended Nine months ended May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024 Operating income (U.S. GAAP) $ 403 $ 261 $ 845 $ 1,695 Amortization of intangibles 17 12 45 27 Stock-based compensation expense and related charges 19 3 84 72 Restructuring, severance and related charges(1) 16 55 144 252 Net periodic benefit cost — 2 1 7 Business interruption and impairment charges, net(2) 1 14 10 14 Gain from the divestiture of businesses(3) (45 ) — (45 ) (944 ) Acquisition and divestiture related charges(3) 9 3 17 64 Adjustments to operating income 17 89 256 (508 ) Core operating income (Non-GAAP) $ 420 $ 350 $ 1,101 $ 1,187 Net income attributable to Jabil Inc. (U.S. GAAP) $ 222 $ 129 $ 439 $ 1,250 Adjustments to operating income 17 89 256 (508 ) Loss on securities(4) 46 — 46 — Net periodic benefit cost — (2 ) (1 ) (7 ) Adjustments for taxes (6 ) 14 (18 ) 51 Core earnings (Non-GAAP) $ 279 $ 230 $ 722 $ 786 Diluted earnings per share (U.S. GAAP) $ 2.03 $ 1.06 $ 3.94 $ 9.86 Diluted core earnings per share (Non-GAAP) $ 2.55 $ 1.89 $ 6.48 $ 6.20 Diluted weighted average shares outstanding (U.S. GAAP and Non-GAAP) 109.3 121.7 111.5 126.9 ____________________ (1) Charges recorded during the three months and nine months ended May 31, 2025 and May 31, 2024, primarily related to the 2025 Restructuring Plan and 2024 Restructuring Plan, respectively. (2) Charges recorded during the nine months ended May 31, 2025, relate primarily to costs associated with damage from Hurricanes Helene and Milton, which impacted our operations in St. Petersburg, Florida and Asheville and Hendersonville, North Carolina. Charges recorded during the three months and nine months ended May 31, 2024, related to costs associated with product quality liabilities. (3) We completed the divestiture of our Mobility Business and recorded a pre-tax gain of $944 million during the nine months ended May 31, 2024. Certain post-closing adjustments were realized in March 2025, which resulted in the recognition of a $54 million pre-tax gain during the three months ended May 31, 2025. We incurred transaction and disposal costs in connection with the sale of approximately $64 million during the nine months ended May 31, 2024. (4) Charges recorded during the three months and nine months ended May 31, 2025, relate to an impairment of an investment in Preferred Stock. JABIL INC. AND SUBSIDIARIES SUPPLEMENTAL DATA ADJUSTED FREE CASH FLOW (in millions) (Unaudited) Nine months ended May 31, 2025 May 31, 2024 Net cash provided by operating activities (U.S. GAAP) $ 1,052 $ 1,181 Acquisition of property, plant and equipment ("PP&E")(1) (299 ) (660 ) Proceeds and advances from sale of PP&E(1) 60 115 Adjusted free cash flow (Non-GAAP) $ 813 $ 636 ____________________ (1) Certain customers co-invest in PP&E with us. As we acquire PP&E, we recognize the cash payments in acquisition of PP&E. When our customers reimburse us and obtain control, we recognize the cash receipts in proceeds and advances from the sale of PP&E. View source version on Contacts Investor Contact Adam BerrySenior Vice President, Investor Relations and CommunicationsAdam_Berry@ Media Contact Timur AydinSenior Director, Enterprise Marketing and Communicationspublicrelations@
Forbes
7 days ago
- Business
- Forbes
History Says Buy Jabil Stock Ahead Of Earnings
POLAND - 2025/01/13: In this photo illustration, the Jabil Inc company logo is seen displayed on a ... More smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images) Jabil (NYSE:JBL) is set to announce its Q3 FY'25 results (August fiscal year) on Tuesday, June 17, 2025, prior to the market opening. The company, known for designing and manufacturing electronic circuit board assemblies and systems, is anticipated to report earnings of approximately $2.30 per share according to consensus estimates, marking an increase of around 20% from the previous year, while revenues are projected to be around $7 billion, reflecting a 4% year-over-year growth. Jabil is experiencing benefits from robust performance in capital equipment, cloud and data center infrastructure, and digital commerce end-markets. Additionally, AI is expected to become a major contributor to the company's revenue this year, with AI-related revenue projected to reach $7.5 billion for FY 2025, representing a 40% increase. The company currently holds a market capitalization of $20 billion. Over the past twelve months, revenue was recorded at $27 billion, with the company being operationally profitable, yielding $1.3 billion in operating profit and net income of $484 million. For those seeking potential upside with lower volatility than individual stocks, the Trefis High Quality portfolio offers an alternative – having outperformed the S&P 500 and achieving returns over 91% since inception. View earnings reaction history for all stocks A few insights regarding one-day (1D) post-earnings returns: Further details on the observed 5-Day (5D) and 21-Day (21D) returns following earnings are summarized alongside the statistics in the table below. JBL 1D, 5D, and 21D Post Earnings Return A relatively low-risk strategy (though not effective if the correlation is weak) is to assess the correlation between short-term and medium-term post-earnings returns, identify the pair with the highest correlation, and implement the corresponding trade. For instance, if the 1D and 5D returns exhibit the strongest correlation, a trader might choose to position themselves 'long' for the following 5 days if the 1D post-earnings return is favorable. Here are correlation insights based on 5-year and 3-year (more recent) data. Note that the correlation 1D_5D indicates the relation between 1D post-earnings returns and subsequent 5D returns. JBL Correlation Between 1D, 5D, and 21D Historical Returns Occasionally, the performance of peers may impact post-earnings stock reactions. In fact, the price adjustments could start even before the earnings are disclosed. Below is some historical information on Jabil's past post-earnings performance in comparison to the stock performance of its peers who reported earnings just prior to Jabil. For a fair comparison, peer stock returns also reflect post-earnings one-day (1D) results. JBL Correlation With Peer Earnings Discover more about the Trefis RV strategy which has outperformed its all-cap stocks benchmark (including all 3: the S&P 500, S&P mid-cap, and Russell 2000), delivering strong returns for investors. Additionally, if you are looking for potential gains with a smoother trajectory than that of a single stock like Jabil, consider the High Quality portfolio, which has surpassed the S&P and achieved returns exceeding 91% since its establishment.
