Jabil Inc.
Jabil Reports Q2 2024 Results and Guidance
Summary
Jabil Inc. reported its preliminary, unaudited financial results for the second quarter of fiscal year 2024, with net revenue of $6.8 billion, U.S. GAAP operating income of $1.1 billion, and U.S. GAAP diluted earnings per share of $7.31. Despite short-term revenue headwinds, the company expects to deliver strong core operating margins and free cash flow for the fiscal year. For the third quarter, Jabil provided an outlook with net revenue expected between $6.2 billion and $6.8 billion. The press release also includes a reconciliation of non-GAAP financial measures to U.S. GAAP measures, as well as details on Jabil's full year 2024 and 2025 guidance.
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About Jabil Inc.
Jabil Inc. is a multinational manufacturing services company that provides design, manufacturing, and supply chain solutions globally. Catering primarily to the electronics manufacturing sector, Jabil Inc. plays a crucial role in the product lifecycle, from concept and design to delivery and logistics. Serving diverse industries such as healthcare, automotive, industrial, and consumer products, Jabil helps companies innovate, scale, and enhance product quality. Its prowess in supply chain management and distribution exemplifies its commitment to operational efficiency and responsiveness, crucial in today’s fast-paced market environments. Headquartered in St. Petersburg, Florida, Jabil’s strategic focus on technological advancements and its expansive global operations underscores its importance as a partner in enabling businesses to bring advanced technological products to market efficiently. This capability enhances its significance in the manufacturing and logistics sectors, making it a key player in the production backbone for many global brands.
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