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.
Jabil Inc. (NYSE: JBL) is set to announce its fourth quarter and fiscal year 2021 earnings on September 29, 2021, before market opening. A conference call will follow at 8:30 a.m. ET, led by CEO Mark Mondello and CFO Mike Dastoor, who will discuss the results and provide an outlook for fiscal year 2022. Investors can access a live audio webcast on Jabil's investor relations website.
Jabil operates worldwide with over 260,000 employees across 100 locations.
Shavelogic has partnered with Jabil (NYSE: JBL) to enhance its design and production as it evolves into a key actor in the shaving industry. The collaboration aims to leverage Jabil's expertise in consumer goods and automation to innovate shaving products. Shavelogic, founded in 2009, focuses on high craftsmanship and has filed over 150 patents. They recently opened a manufacturing facility in the U.S. to address rising consumer demand while launching national marketing efforts.
Kasalis, a technology division of Jabil (NYSE: JBL), has re-launched its brand and website to enhance its market presence. Known for optical alignment technology, Kasalis leverages the expertise of over 200,000 Jabil employees for efficient manufacturing. The company focuses on advancing active alignment solutions for a variety of products such as AR/VR headsets and LiDAR systems. Co-founder Justin Roe emphasized their commitment to innovation and customer collaboration throughout the product development cycle.
Jabil Inc. (NYSE: JBL) has announced a quarterly dividend of $0.08 per share for shareholders of record as of August 13, 2021. The dividend will be payable on September 2, 2021. Jabil has maintained a consistent record of paying quarterly cash dividends since May 15, 2006, showcasing its commitment to returning value to shareholders. The company employs over 260,000 individuals across 100 locations in 30 countries, providing manufacturing solutions to numerous global brands.
Jabil Inc. (NYSE: JBL) has announced a $1 billion share repurchase program, demonstrating its commitment to returning capital to shareholders. The buyback will occur over fiscal year 2023, with shares repurchased at the company's discretion. CEO Mark Mondello expressed confidence in Jabil's ability to generate strong earnings and free cash flow. Since 2016, Jabil has returned approximately $2 billion to shareholders through share repurchases and dividends. The company has repurchased 63.6 million shares at an average price of $28.73.
Jabil (NYSE: JBL) has announced a compliant solution for its FDA-cleared nPro™ surgical masks, developed with NP Medical, Inc. This initiative aligns with the Berry Amendment, enhancing domestic supply chains for the U.S. government, including the Department of Defense (DoD). Jabil, leveraging its GSA-Schedule status and compliance with recent executive orders, is positioned to fulfill large-scale orders of these masks, ensuring high-quality, American-made products. With over 99% filtration efficiency, Jabil aims to address the ongoing demand for compliant PPE during the pandemic.
Jabil (NYSE: JBL) announced the development of a novel omnidirectional sensor at its optical design center in Jena, Germany. This advanced 3D time-of-flight depth sensor features a 360° x 60° field of view, aimed at enhancing obstacle avoidance and worker safety in robotics. The sensor's innovative design incorporates a custom optical assembly and active illumination, improving data quality and reducing noise. Jabil Optics, with nearly two decades of experience, focuses on optimizing sensor performance for cost-effective solutions in the evolving robotics industry.
Jabil Inc. (NYSE: JBL) reported strong preliminary financial results for Q3 FY21, achieving a core operating income of $277 million on revenues of $7.2 billion. This reflects a 21% growth in Diversified Manufacturing Services year-on-year and an 8% increase in Electronics Manufacturing Services. The company expects Q4 revenues between $7.3 billion and $7.9 billion, raising its FY21 revenue outlook to approximately $29.5 billion and core EPS to about $5.50.
Jabil Packaging Solutions has unveiled the Eco.bottle® product platform for VITTEL®, significantly reducing plastic use by over 50% compared to current bottles. This hybrid design incorporates 80% recycled paper and 20% recycled plastic, enhancing recycling efficiency with a patented tear strip for easy separation. The launch follows a collaboration begun in 2020, showcasing at the Tour de France from June 26 to July 18, 2021. The innovative bottle aims to address sustainability challenges in packaging and aligns with consumer expectations for responsible waste management.
Jabil Inc. (NYSE: JBL) will disclose its third quarter fiscal year 2021 financial results on June 17, 2021, before market opening. A conference call and webcast will take place at 8:30 a.m. ET on the same day to discuss the results. Investors can join via dial-in numbers or access the live audio webcast and presentation through the Investor Relations section of Jabil's website.
Jabil operates in over 100 locations across 30 countries with a workforce exceeding 260,000 employees, serving many of the world's leading brands.