Jabil Inc. reports news about its global engineering, supply chain, and manufacturing solutions business, including earnings releases, dividends, board governance, manufacturing partnerships, and workforce initiatives. The company serves customers across electronics design, production, and product management, with activity tied to intelligent infrastructure, regulated industries, connected living, digital commerce, cloud and data center infrastructure, networking, communications, automotive, healthcare, renewables, and semiconductor capital equipment.
Recurring updates include fiscal-quarter results and outlook commentary, common-stock dividend declarations, board appointments and chairman changes, and collaborations that broaden Jabil's manufacturing and technology coverage. Jabil news also includes community and talent-development programs linked to advanced manufacturing training.
The premier active alignment technology innovator, Kasalis, has launched the new Pixid™ 700 platform, aimed at enhancing optical alignment manufacturing for complex light path applications. This innovative system improves flexibility, efficiency, and cost-effectiveness in sectors like LiDAR, Augmented Reality, and Virtual Reality. With capabilities including 5nm linear and 0.2μrad angular precision, the platform supports high-volume production. Kasalis operates under Jabil Inc. (NYSE: JBL), a leader in manufacturing solutions.
Jabil Healthcare Bray has received the Shingo Prize for operational excellence, marking it as the first Jabil site to achieve this recognition. The Shingo Institute awarded this prestigious honor after a thorough review of the site’s continuous improvement culture. The Bray facility, operational for over 40 years, manufactured over 1.7 billion healthcare products in 2019, specializing in complex medical device development and pharmaceutical packaging. The award will be presented at the 34th Annual Shingo Conference on May 19-20, 2022, in Orlando, Florida.
Badger Technologies has initiated a pilot program with Busy Beaver Building Centers in Irwin, Pennsylvania, utilizing autonomous robots for efficient inventory management. The robots will monitor over 30,000 SKUs, significantly reducing the manual inventory work from 80 hours to just 2 hours per week. This innovation aims to enhance customer service by allowing staff to focus more on customer interactions. The home improvement sector has seen a growth in consumer spending, with expenditures reaching nearly $420 billion despite economic challenges.
Jabil Inc. (NYSE: JBL) has declared a quarterly dividend of $0.08 per share for shareholders of record by November 15, 2021. The dividend is set to be paid on December 1, 2021. This marks Jabil's commitment to returning capital to shareholders, as it has consistently paid quarterly cash dividends since May 15, 2006. With over 260,000 employees and operations in 30 countries, Jabil provides manufacturing solutions that cater to the needs of top global brands.
Jabil Inc. (NYSE: JBL) has introduced FusePack wipes packaging, a new solution that addresses the challenges of traditional wipes containers. This lightweight packaging is 30% smaller and 68% lighter than standard options, enhancing sustainability and eCommerce efficiency. It features a hermetically sealed design to extend shelf life and prevent leaks, making it suitable for the rigors of shipping. Jabil aims to revolutionize wipes packaging by combining the best qualities of rigid and flexible materials to meet increasing consumer demands.
Digi-Key Electronics announced the launch of a new 3D Printing and Additive Manufacturing tool powered by Jabil (NYSE: JBL) on October 12, 2021. This service allows customers to upload design files, obtain instant quotes, and have custom-made 3D products shipped directly to them. The tool features a user-friendly upload process and free shipping across the U.S. Digi-Key aims to enhance its services in the additive manufacturing market, while Jabil's advanced digital manufacturing capabilities will offer increased value to customers.
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Jabil Inc. reported strong preliminary financial results for Q4 and FY21, with net revenue reaching $7.4 billion in the fourth quarter and $29.3 billion for the fiscal year. The company saw a 10% revenue growth in Diversified Manufacturing Services (DMS) but faced a 6% decrease in Electronics Manufacturing Services (EMS) revenue. Operating income was $265 million for Q4 and $1.1 billion for the year, leading to diluted EPS of $1.16 and $4.58, respectively. Looking ahead, Jabil forecasts Q1 FY22 revenue between $8.0 billion and $8.6 billion.
Jabil Inc. (NYSE: JBL) announced a leadership transition, appointing CEO Mark Mondello as Chairman of the Board effective November 1, 2021. He succeeds Timothy L. Main, who will retire after a long tenure. Main, who joined Jabil in 1987, has been pivotal in guiding the company from $17 billion to nearly $30 billion in annual revenues and expanding its market presence through significant acquisitions. Mondello praised Main's contributions, highlighting the strong cultural foundation established during his tenure.
Jabil Inc. (NYSE: JBL) announced a breakthrough in coffee pod sustainability with the launch of a home-compostable coffee capsule, co-developed with Productos Solubles S.A. (Prosol). This innovative capsule eliminates the need for plastic or foil pouches, enhancing convenience while preserving flavor. Set to deliver over 500 million compostable capsules to European consumers in four years, this advancement signifies a substantial step in reducing packaging waste. The launch will be showcased at the AMI Single-Serve Capsules conference in Barcelona, from September 20-22, 2021.