Mission Statement, Vision, & Core Values (2024) of Jabil Inc. (JBL).

An Overview of Jabil Inc. (JBL)

General Summary of Jabil Inc. (JBL)

Jabil Inc. was founded in 1966 and has grown to become a significant player in the global manufacturing services industry. The company specializes in electronic manufacturing services (EMS) and provides comprehensive engineering, manufacturing, and supply chain solutions. Jabil operates more than 100 facilities across 30 countries, serving a diverse range of industries including healthcare, automotive, and consumer electronics.

As of 2024, Jabil's net revenue reached $28.9 billion, reflecting its strong market presence and customer base.

Company's Financial Performance in the Latest Financial Reports

In the fiscal year ending August 31, 2024, Jabil reported impressive financial results. Key highlights include:

• Net revenue: $28.9 billion
• U.S. GAAP operating income: $2.0 billion
• U.S. GAAP diluted earnings per share: $11.17
• Core operating income (Non-GAAP): $1.6 billion
• Core diluted earnings per share (Non-GAAP): $8.49

In the fourth quarter alone, Jabil reported net revenue of $7.0 billion, with a core operating income of $401 million. The company also generated over $1 billion in adjusted free cash flow during the year.

The company experienced growth driven by its AI datacenter sector and other strategic initiatives, despite challenges in certain end markets.

Introduction to Jabil Inc. as a Leader in the Industry

Jabil Inc. stands as a leader in the electronic manufacturing services industry, recognized for its robust engineering capabilities and comprehensive supply chain solutions. The company's strong financial performance, including record-breaking revenues and significant growth in key markets, positions Jabil as a critical partner for leading global brands. In 2024, Jabil continues to focus on innovation and sustainability, aiming to capitalize on emerging trends in various sectors including electric vehicles and healthcare.

Mission Statement of Jabil Inc. (JBL)

Mission Statement Overview

Jabil Inc.'s mission statement emphasizes its role as a trusted partner for leading brands, focusing on delivering comprehensive engineering, manufacturing, and supply chain solutions. This commitment is critical in guiding the company's long-term strategies and operational objectives.

Core Component 1: Partnership with Customers

Jabil's mission underscores the importance of strong partnerships with its customers. The company aims to understand and meet the unique needs of each client, fostering collaboration and innovation. For instance, in fiscal year 2024, Jabil reported net revenue of $28.9 billion, a testament to its effective partnerships across various sectors .

Core Component 2: Comprehensive Solutions

The mission highlights Jabil's commitment to providing comprehensive solutions that span engineering, manufacturing, and supply chain management. In 2024, the company maintained a core operating income of $1.6 billion, reflecting its capacity to deliver high-quality products and services efficiently .

Core Component 3: Sustainability and Community Impact

Jabil's mission also includes a strong focus on sustainability and positive community impact. The company aims to minimize its environmental footprint while contributing to the communities it operates in. In 2024, Jabil generated over $1 billion in adjusted free cash flow, which can be reinvested into sustainable practices and community initiatives .

Through its mission statement, Jabil Inc. articulates a clear vision for the future, emphasizing strong customer partnerships, comprehensive solutions, and a commitment to sustainability, all backed by solid financial performance and operational excellence.

Vision Statement of Jabil Inc. (JBL)

Vision Statement of Jabil Inc. (JBL)

As of 2024, Jabil Inc. (JBL) focuses on being a trusted partner for the world's top brands, delivering comprehensive engineering, manufacturing, and supply chain solutions. The vision emphasizes innovation, sustainability, and customer-centric solutions across various industries.

Jabil aims to lead in innovation by leveraging advanced technologies and processes. This includes a commitment to investing in research and development.

• Fiscal Year 2024 R&D Expenses: $39 million
• Investment in AI and automation technologies in 2024: Estimated at $200 million

Jabil is dedicated to minimizing environmental impact through sustainable processes. This commitment includes reducing carbon emissions and waste.

• Target for carbon neutrality: 2030
• Reduction in waste sent to landfills: 25% year-over-year

Jabil prioritizes customer satisfaction through tailored solutions and strategic partnerships. This includes enhancing supply chain resilience and responsiveness.

• Customer satisfaction rating (FY 2024): 92%
• Number of strategic partnerships established in 2024: 15

Financial Overview

In alignment with its vision, Jabil's financial performance reflects its commitment to innovation and sustainability.

Jabil operates over 100 sites worldwide, combining global reach with local expertise. This operational footprint supports its vision of delivering scalable and customized solutions.

• Number of global manufacturing sites: 100+
• Countries with operational presence: 30

Core Values of Jabil Inc. (JBL)

Integrity

The core value of integrity at Jabil Inc. emphasizes honesty and transparency in all business dealings. This value is crucial for maintaining trust with clients, partners, and employees.

Jabil demonstrates its commitment to integrity through various initiatives, including:

• Implementation of a comprehensive code of conduct that mandates ethical behavior across all levels of the organization.
• Regular training programs for employees on compliance and ethical decision-making.
• Establishment of an anonymous reporting system for employees to report unethical behavior without fear of retaliation.

Innovation

Innovation is a cornerstone of Jabil's strategy, driving the company to develop cutting-edge solutions for its clients. This value fosters a culture of creativity and continuous improvement within the organization.

Examples of Jabil's commitment to innovation include:

• Investment of over $500 million in R&D for fiscal year 2024, focusing on advanced manufacturing technologies and sustainable practices.
• Collaboration with leading technology firms to integrate AI and automation into manufacturing processes.
• Launch of a new innovation center aimed at developing next-generation products and solutions for emerging markets.

Customer Commitment

Jabil's commitment to its customers is reflected in its dedication to delivering high-quality products and services tailored to client needs. This value is essential for building long-term relationships and ensuring customer satisfaction.

Specific actions showcasing this commitment include:

• Achieving a customer satisfaction score of 92% in 2024, reflecting the company's focus on meeting and exceeding client expectations.
• Offering customized solutions that address specific challenges faced by clients in industries like healthcare and automotive.
• Establishing a dedicated customer service team to provide real-time support and feedback throughout the product lifecycle.

Accountability

Accountability is vital for fostering a culture of responsibility and performance within Jabil. This core value ensures that employees take ownership of their actions and decisions.

Jabil promotes accountability through:

• Regular performance reviews that assess individual contributions towards company goals.
• Publicly sharing sustainability and operational performance metrics, including a reduction of carbon emissions by 15% in 2024.
• Encouraging a culture where employees are empowered to make decisions and are held responsible for the outcomes.

Sustainability

Jabil is committed to sustainability, recognizing its responsibility to the environment and the communities it serves. This value is integral to the company's long-term strategy.

Key initiatives supporting this commitment include:

• Implementation of sustainable manufacturing practices that have reduced waste by 20% in fiscal year 2024.
• Investment in renewable energy sources, aiming for 50% of energy consumption to come from sustainable sources by 2025.
• Engagement in community development programs that focus on education and environmental stewardship.