Withdraws Fiscal Year 2025 Outlook
Jabil Inc. (NYSE: JBL) today announced it is confirming its
previously provided third quarter of fiscal year 2024 guidance for
net revenue of $6.2 billion to $6.8 billion, U.S. GAAP operating
income of $221 million to $301 million, U.S. GAAP diluted earnings
per share of $0.82 to $1.38, core operating income of $325 million
to $385 million, and core diluted earnings per share of $1.65 to
$2.05. A reconciliation of U.S. GAAP to non-GAAP measures can be
found on Form-8K filed on March 15, 2024.
“I’m pleased with how our team has executed this quarter under
very dynamic market conditions. FY24 has been a year of change for
Jabil, as we divested our Mobility business and plan to utilize
most of the net proceeds to repurchase shares. Meanwhile, some of
our end markets such as renewables, 5G, semi-cap, and electric
vehicles have weakened,” said CEO Mike Dastoor.
“Even with all these moving parts, we feel confident that we
will deliver core margins of 5.6% and core diluted earnings per
share of $8.40 in FY24, while also generating more than $1 billion
in adjusted free cash flow. All in all, to see our FY24 margins and
free cash flow hold up in the face of lower volumes and revenue
speaks to the strength of our business,” he added.
Fiscal 2025 Outlook:
Given the current visibility in certain end markets, along with
the unanticipated CEO transition, the Company is withdrawing its
previously provided fiscal year 2025 guidance.
“Despite short-term challenges, I remain optimistic about
Jabil’s future, thanks to our talented team and the depth of our
bench strength. We are in a good position to seize opportunities in
secular growth areas like AI data center hardware, power and energy
infrastructure, software-defined electric and hybrid vehicles, and
healthcare. Our strong margins and free cash flow give me
confidence in our ability to invest in profitable future growth and
continue to return capital to shareholders,” Dastoor concluded.
Company to Present at Upcoming Conference:
As previously announced, Jabil will present at the at the J.P.
Morgan Global Technology, Media and Communications Conference on
Tuesday, May 21, 2024, at 8:10 AM EDT.
A live audio webcast and replay of the event will be accessible
on the Jabil Investor Relations website at
https://investors.jabil.com.
(Definitions: “U.S. GAAP” means U.S. generally accepted
accounting principles. Jabil defines core operating income as U.S.
GAAP operating income less amortization of intangibles, stock-based
compensation expense and related charges, restructuring, severance
and related charges, distressed customer charges, acquisition and
integration charges, loss on disposal of subsidiaries, settlement
of receivables and related charges, impairment of notes receivable
and related charges, goodwill impairment charges and business
interruption and impairment charges, net plus other components of
net periodic benefit cost. Jabil defines core earnings as core
operating income, less loss on debt extinguishment, loss (gain) on
securities, other components of net periodic benefit cost, income
(loss) from discontinued operations, gain (loss) on sale of
discontinued operations and certain other expenses, net of tax and
certain deferred tax valuation allowance charges. Jabil defines
core diluted earnings per share as core earnings divided by the
weighted average number of outstanding diluted shares as determined
under U.S. GAAP. Jabil defines adjusted free cash flow as net cash
provided by (used in) operating activities less net capital
expenditures (acquisition of property, plant and equipment less
proceeds and advances from sale of property, plant and equipment).
Jabil reports core operating income, core earnings, core diluted
earnings per share and adjusted free cash flow to provide investors
an additional method for assessing operating income, earnings,
diluted earnings per share and free cash flow from what it believes
are its core manufacturing operations.
Forward Looking Statements: This release contains
forward-looking statements, including those regarding our guidance
for future financial performance in our third quarter of fiscal
year 2024 (including, net revenue, U.S. GAAP operating income, U.S.
GAAP diluted earnings per share, core operating income (Non-GAAP),
core diluted earnings per share (Non-GAAP) results and the
components thereof, including but not limited to amortization of
intangibles, stock-based compensation expense and related charges
and restructuring, severance and related charges); our full year
2024 (including revenue, core operating margin (Non-GAAP), core
diluted earnings per share (Non-GAAP) results, the components
thereof and Adjusted Free Cash Flow (Non-GAAP)) and our intent to
repurchase stock. The statements in this release are based on
current expectations, forecasts and assumptions involving risks and
uncertainties that could cause actual outcomes and results to
differ materially from our current expectations. Such factors
include, but are not limited to: unexpected costs or unexpected
liabilities that may arise from the Mobility transaction;
scheduling production, managing growth and capital expenditures and
maximizing the efficiency of our manufacturing capacity
effectively; managing rapid declines or increases in customer
demand and other related customer challenges that may occur; the
effect of COVID-19 on our operations, sites, customers and supply
chain; our dependence on a limited number of customers; our ability
to purchase components efficiently and reliance on a limited number
of suppliers for critical components; risks arising from
relationships with emerging companies; changes in technology and
competition in our industry; our ability to introduce new business
models or programs requiring implementation of new competencies;
competition; transportation issues; our ability to maintain our
engineering, technological and manufacturing expertise; retaining
key personnel; risks associated with international sales and
operations, including geopolitical uncertainties; energy price
increases or shortages; our ability to achieve expected
profitability from acquisitions; risk arising from our
restructuring activities; issues involving our information systems,
including security issues; regulatory risks (including the expense
of complying, or failing to comply, with applicable regulations;
risk arising from design or manufacturing defects; risk arising
from compliance, or failure to comply, with environmental, health
and safety laws or regulations and intellectual property risk);
financial risks (including customers or suppliers who become
financially troubled; turmoil in financial markets; tax risks;
credit rating risks; risks of exposure to debt; currency
fluctuations; and asset impairment); changes in financial
accounting standards or policies; risk of natural disaster, climate
change or other global events; and risks arising from expectations
relating to environmental, social and governance considerations.
Additional factors that could cause such differences can be found
in our Annual Report on Form 10-K for the fiscal year ended August
31, 2023 and our other filings with the Securities and Exchange
Commission. We assume no obligation to update these forward-looking
statements.
About Jabil:
At Jabil (NYSE: JBL), we are proud to be a trusted partner for
the world's top brands, offering comprehensive engineering,
manufacturing, and supply chain solutions. With over 50 years of
experience across industries and a vast network of over 100 sites
worldwide, Jabil combines global reach with local expertise to
deliver both scalable and customized solutions. Our commitment
extends beyond business success as we strive to build sustainable
processes that minimize environmental impact and foster vibrant and
diverse communities around the globe. Discover more at
www.jabil.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240520703039/en/
Investor Contact Adam Berry Vice President, Investor
Relations (727) 577-9749 Adam_Berry@jabil.com
Jabil (NYSE:JBL)
過去 株価チャート
から 5 2024 まで 6 2024
Jabil (NYSE:JBL)
過去 株価チャート
から 6 2023 まで 6 2024