Jabil Inc. (JBL) Bundle
A Brief History of Jabil Inc.
Company Overview
Jabil Inc. (NYSE: JBL) is a global manufacturing services company that provides comprehensive engineering, manufacturing, and supply chain solutions. As of 2024, Jabil operates over 100 sites worldwide, serving a diverse array of industries including healthcare, automotive, and consumer electronics.
Recent Financial Performance
For the fiscal year ended August 31, 2024, Jabil reported the following financial results:
| Metric | FY 2024 | FY 2023 |
|---|---|---|
| Net Revenue | $28.9 billion | $34.7 billion |
| U.S. GAAP Operating Income | $2.0 billion | $1.5 billion |
| Net Income | $1.4 billion | $818 million |
| Core Diluted Earnings Per Share (Non-GAAP) | $8.49 | $8.63 |
| Adjusted Free Cash Flow | $1.055 billion | $1.026 billion |
Divestiture and Strategic Changes
In 2024, Jabil completed the divestiture of its mobility business, realizing a pre-tax gain of $942 million. This strategic move was part of Jabil's restructuring efforts to focus on high-growth sectors such as AI datacenters, electric vehicles, and healthcare solutions.
Shareholder Returns
Jabil has been proactive in returning capital to shareholders, authorizing a new $1 billion share repurchase program in September 2024. The company returned approximately $2.5 billion to shareholders through buybacks over the fiscal year.
Market Position and Outlook
Despite facing challenges in certain end-markets, Jabil's outlook remains positive. The company anticipates further growth in its core sectors, driven by increasing demand for advanced manufacturing solutions and sustainable practices. For the first quarter of fiscal year 2025, Jabil projects net revenue between $6.3 billion to $6.9 billion.
Balance Sheet Overview
As of August 31, 2024, Jabil's balance sheet reflects the following key figures:
| Metric | As of August 31, 2024 | As of August 31, 2023 |
|---|---|---|
| Total Assets | $17.351 billion | $19.424 billion |
| Total Liabilities | $15.614 billion | $16.557 billion |
| Total Stockholders’ Equity | $1.737 billion | $2.867 billion |
Cash Flow Highlights
Jabil's cash flow statement for the fiscal year ending August 31, 2024, showed:
| Cash Flow Category | FY 2024 | FY 2023 |
|---|---|---|
| Net Cash Provided by Operating Activities | $1.716 billion | $1.734 billion |
| Net Cash Used in Investing Activities | $1.351 billion | $(723 million) |
| Net Cash Used in Financing Activities | $(2.668 billion) | $(680 million) |
Conclusion
Jabil Inc. continues to evolve as a leader in manufacturing solutions, focusing on strategic growth areas and returning value to shareholders amidst a dynamic market environment.
A Who Owns Jabil Inc. (JBL)
Ownership Structure
As of 2024, Jabil Inc. (JBL) has a diversified ownership structure, primarily comprising institutional investors, mutual funds, and individual shareholders. The company has a total of approximately 124.3 million diluted weighted average shares outstanding.
Major Shareholders
The following table provides a breakdown of the major shareholders of Jabil Inc. as of 2024:
| Shareholder Type | Number of Shares (millions) | Ownership Percentage (%) |
|---|---|---|
| Institutional Investors | 75.3 | 60.6 |
| Mutual Funds | 30.1 | 24.2 |
| Individual Shareholders | 18.9 | 15.2 |
| Insider Ownership | 1.5 | 1.2 |
Top Institutional Investors
The following are some of the top institutional investors in Jabil Inc.:
| Institution | Shares Held (millions) | Ownership Percentage (%) |
|---|---|---|
| Vanguard Group | 18.7 | 15.1 |
| BlackRock, Inc. | 17.5 | 14.1 |
| State Street Corporation | 8.2 | 6.6 |
| AllianceBernstein | 6.3 | 5.1 |
| Invesco Ltd. | 5.1 | 4.1 |
Insider Ownership
Insider ownership remains relatively small, with key executives and board members holding approximately 1.2% of total shares. The following table outlines significant insider holdings:
| Insider Name | Position | Shares Held (millions) |
|---|---|---|
| Mike Dastoor | CEO | 0.5 |
| Jabil Board Members | Various | 0.3 |
| Other Executives | Various | 0.7 |
Shareholder Engagement
Jabil has initiated a significant capital return program, authorizing up to $1 billion in share repurchases as part of its strategy to enhance shareholder value. The company aims to return $2.5 billion to shareholders through buybacks and dividends over the next fiscal year.
Stock Performance Overview
As of the end of fiscal year 2024, Jabil's stock performance reflects a market capitalization of approximately $13.3 billion, with a stock price hovering around $107 per share. The company reported a net income of $1.388 billion for the fiscal year, contributing to a diluted earnings per share (EPS) of $11.17.
Jabil Inc. (JBL) Mission Statement
As of 2024, Jabil Inc. articulates its mission statement focusing on providing comprehensive engineering, manufacturing, and supply chain solutions to its clients around the globe. The company emphasizes its commitment to sustainability and innovation, aiming to minimize environmental impact while fostering diverse communities.
Mission Statement Overview
The mission of Jabil Inc. is to be a trusted partner for the world’s top brands by delivering scalable and customized solutions through its extensive network of over 100 sites worldwide. Jabil strives to balance operational excellence with social responsibility, ensuring long-term value for its stakeholders.
Financial Performance Highlights
For the fiscal year ending August 31, 2024, Jabil reported the following financial metrics:
| Metric | Value |
|---|---|
| Net Revenue | $28.9 billion |
| U.S. GAAP Operating Income | $2.0 billion |
| U.S. GAAP Diluted Earnings Per Share (EPS) | $11.17 |
| Core Operating Income (Non-GAAP) | $1.6 billion |
| Core Diluted EPS (Non-GAAP) | $8.49 |
| Adjusted Free Cash Flow (Non-GAAP) | $1.2 billion |
Recent Strategic Initiatives
In 2024, Jabil has executed significant strategic initiatives, including the divestiture of its Mobility business, which resulted in a pre-tax gain of $942 million. This move aligns with Jabil's focus on enhancing its core manufacturing operations.
Shareholder Value Creation
Jabil has returned substantial value to its shareholders, with the Board of Directors authorizing a share repurchase program of up to $1 billion. The company has returned approximately $2.5 billion to shareholders through buybacks during the fiscal year 2024.
Operational Metrics
Key operational metrics reported for the fiscal year 2024 include:
| Operational Metric | Value |
|---|---|
| Gross Profit | $2.676 billion |
| Operating Expenses | $1.160 billion |
| Net Income Attributable to Jabil Inc. | $1.388 billion |
| Weighted Average Shares Outstanding (Diluted) | 116.7 million |
Market Position and Future Outlook
Looking ahead, Jabil anticipates net revenue for the first quarter of fiscal year 2025 to range between $6.3 billion and $6.9 billion, with expectations for continued growth driven by trends in datacenter power and cooling, electric vehicles, and healthcare solutions.
Conclusion on Jabil's Mission
Jabil Inc.'s mission statement encapsulates its commitment to innovation, sustainability, and operational excellence, which is reflected in its strong financial performance and strategic initiatives undertaken in 2024.
How Jabil Inc. (JBL) Works
Company Overview
Jabil Inc. (NYSE: JBL) is a global manufacturing services company that provides comprehensive engineering, manufacturing, and supply chain solutions. As of August 31, 2024, Jabil operates over 100 sites worldwide and serves various industries including healthcare, automotive, and consumer electronics.
Financial Performance
For the fiscal year ended August 31, 2024, Jabil reported the following financial highlights:
| Metric | Value (in billions) |
|---|---|
| Net Revenue | $28.9 |
| U.S. GAAP Operating Income | $2.0 |
| Core Operating Income (Non-GAAP) | $1.6 |
| U.S. GAAP Diluted Earnings Per Share | $11.17 |
| Core Diluted Earnings Per Share (Non-GAAP) | $8.49 |
| Adjusted Free Cash Flow (Non-GAAP) | $1.055 |
Quarterly Highlights
For the fourth quarter of fiscal year 2024, Jabil reported:
| Metric | Value (in millions) |
|---|---|
| Net Revenue | $6,964 |
| U.S. GAAP Operating Income | $318 |
| Core Operating Income (Non-GAAP) | $401 |
| U.S. GAAP Diluted Earnings Per Share | $1.18 |
| Core Diluted Earnings Per Share (Non-GAAP) | $2.30 |
Cash Flow Analysis
Jabil's cash flow for the fiscal year ended August 31, 2024, included:
| Cash Flow Category | Value (in millions) |
|---|---|
| Net Cash Provided by Operating Activities | $1,716 |
| Acquisition of Property, Plant and Equipment | ($784) |
| Proceeds from Sale of Property, Plant and Equipment | $123 |
| Net Cash Provided by Investing Activities | $1,351 |
| Net Cash Used in Financing Activities | ($2,668) |
Divestiture and Restructuring
In fiscal year 2024, Jabil completed the divestiture of its mobility business, recording a pre-tax gain of $942 million. The company also incurred $70 million in acquisition and divestiture-related charges during the same period.
Balance Sheet Overview
As of August 31, 2024, Jabil's balance sheet showed:
| Balance Sheet Item | Value (in millions) |
|---|---|
| Total Assets | $17,351 |
| Total Liabilities | $15,614 |
| Stockholders' Equity | $1,737 |
Market Position and Future Outlook
Jabil continues to focus on growth areas such as AI datacenters, electric and hybrid vehicles, and healthcare solutions. The company has authorized a share repurchase program of up to $1 billion and anticipates net revenue of $27 billion for fiscal year 2025.
In summary, Jabil Inc. maintains a robust operational framework supported by strong financial performance, strategic divestitures, and a focus on innovation across multiple industries.
How Jabil Inc. (JBL) Makes Money
Revenue Streams
Jabil Inc. generates revenue primarily through its diversified manufacturing services across various industries, including healthcare, automotive, and consumer electronics. For the fiscal year 2024, Jabil reported a total net revenue of $28.9 billion.
Financial Performance
In the fourth quarter of fiscal year 2024, Jabil achieved net revenue of $7.0 billion, down from $8.5 billion in the same quarter of the previous year. The company's U.S. GAAP operating income for the fiscal year was $2.0 billion.
| Metric | Q4 FY2024 | Q4 FY2023 | FY2024 | FY2023 |
|---|---|---|---|---|
| Net Revenue | $7.0 billion | $8.5 billion | $28.9 billion | $34.7 billion |
| Operating Income | $318 million | $441 million | $2.0 billion | $1.5 billion |
| Net Income | $138 million | $155 million | $1.4 billion | $818 million |
| Diluted EPS (U.S. GAAP) | $1.18 | $1.15 | $11.17 | $6.02 |
Core Operating Income
Jabil's core operating income for fiscal year 2024 was $1.6 billion, with a core operating margin of 5.5%. In the fourth quarter, core operating income reached $401 million.
Divestitures and Strategic Moves
In fiscal year 2024, Jabil divested its mobility business, resulting in a pre-tax gain of $942 million. This strategic move significantly impacted the company's financials.
Cash Flow and Investments
Jabil reported an adjusted free cash flow of $1.2 billion for fiscal year 2024. The company plans to return $1 billion to shareholders through a share repurchase program.
Outlook
For the first quarter of fiscal year 2025, Jabil expects net revenue between $6.3 billion and $6.9 billion. The company anticipates U.S. GAAP operating income in the range of $143 million to $223 million.
Jabil Inc. (JBL) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support