JBL Stock Recent News

Collaboration Showcased at the 2024 OCP Global Summit to Deliver AMD and Intel-Based Server Platforms for Enhanced Cloud Security SAN JOSE, Calif. and ST. PETERSBURG, Fla.

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jabil Inc. (NYSE: JBL) announced today that it is expanding its server portfolio with the J421E-S and J422-S servers, powered by AMD 5th Generation EPYC™ and Intel® Xeon® 6 processors. These servers are purpose-built for scalability in a variety of cloud data center applications, including AI, high-performance computing (HPC), fintech, networking, storage, databases, and security — representing the latest generation of server innovation from Jabil. Built w.

The acquisition will boost JBL's commercial prospects in several end markets, including AI native data centers, semiconductors, battery systems, electric vehicles and more.

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jabil Inc. (NYSE: JBL), a global leader in design, manufacturing, and supply chain solutions, today announced the successful acquisition of Mikros Technologies LLC, a leader in the engineering and manufacturing of liquid cooling solutions for thermal management, completed October 1. As the continued adoption of artificial intelligence, energy storage, and electric vehicles drives higher-power density systems across consumer and commercial industries, liqui.

Jabil's Q4 earnings beat expectations: revenue was $400 million above the midpoint of guidance. The stock jumped 11.7% but is still 20% below its all-time high. JBL has successfully diversified away from its legacy low-margin Apple business. Margins are improved and for FY2024 JBL generated more than $1 billion in free cash flow. Despite ongoing challenges in some of its operating segments, the Company's strong balance sheet and strategic restructuring position it well for future growth.

Jabil Inc. (NYSE:JBL ) Q4 2024 Earnings Conference Call September 26, 2024 8:30 AM ET Company Participants Adam Berry - Senior Vice President, Investor Relations & Communications Greg Hebard - Chief Financial Officer Steve Borges - Head, Regulated Industries Matt Crowley - Head, Intelligent Infrastructure Andy Priestley - Head, Connected Living & Digital Commerce Mike Dastoor - Chief Executive Officer Conference Call Participants Ruplu Bhattacharya - Bank of America George Wang - Barclays Steven Fox - Fox Advisors Melissa Fairbanks - Raymond James David Vogt - UBS Mark Delaney - Goldman Sachs Matt Sheerin - Stifel Samik Chatterjee - JPMorgan Chase & Company Adam Berry Good morning, and welcome to Jabil's Fourth Quarter and Fiscal Year 2024 Earnings Call. It's also our 7th Annual Virtual Investor Briefing.

JBL reports a top-line decline year over year in fourth-quarter fiscal 2024, owing to soft demand in several end markets. Strong growth in free cash flow is a tailwind.

Jabil (JBL) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.45 per share a year ago.

Electronic components maker Jabil on Thursday beat fourth-quarter estimates and announced restructuring plans, including headcount reductions, sending its shares up as much as 10% in premarket trading.

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2024. “It's evident that Jabil has undergone a substantial transformation this fiscal year: a year during which we sold our Mobility business, saw growth in the AI datacenter sector, and faced challenges in multiple end-markets,” said CEO Mike Dastoor. “Despite these changes, we delivered core margins of 5.5% and $8.49 of.