Jabil (JBL)

This morning, Jabil (JBL; $121.25; O/P) announced several senior leadership changes, most importantly, the appointment of CFO Mike Dastoor to CEO, which is not unexpected given the recent investigation into former CEO Kenny Wilson that…

Last night, Jabil (JBL; $129.59) announced in an 8-K filing that CEO Kenny Wilson was placed on paid leave pending completion of “an investigation related to corporate policies”. Effective as of today (4/19), the company’s…

The shares of Jabil (JBL; $123.15; O/P) plunged 16% on Friday, leaving the stock 20% below recent highs, after F2024E (Aug) guidance disappointed the Street for a second quarter in a row, albeit in the…

Jabil (JBL; $1.47.46; O/P) reported FQ2 (Feb) “core” non-GAAP EPS of $1.68, which was ahead of our $1.63 and the Street’s $1.66 on sales of $6,767mm (vs. our $6,900mm and the Street’s $6,891mm). Recall, JBL…

Jabil (JBL; $154.53; O/P) shares are up 21% YTD and +83% over the past year into its FQ2 (Feb) print next Friday (3/15 before market). This is even though our F2024E (Aug) and F2025E EPS…

Last week, we met with Jabil (JBL; $128.14; O/P) management, including CEO Kenny Wilson and Chad Morley, SVP, Auto & Transportation, from the company’s transportation product exhibit at the Consumer Electronics Show (CES) in Las…

Jabil (JBL; $127.40; O/P) announced on Friday (12/29/23) that it completed the divestiture of its Mobility business to BYD Electronic for $2.2B or $1.7B after transaction fees, taxes, and restructuring for resulting stranded costs and…

Jabil (JBL; $136.42; O/P) posted full FQ1 (Nov) results and guidance that not surprisingly were very consistent with its recent negative pre-announcement, per the table below (“Guide Down Highlights Silver Lining Playbook”; 11/29). Admittedly, questions…

Yesterday, Supplyframe, which has developed a Design-to-Source Intelligence (DSI) platform for the global electronics market, announced an interesting partnership with Jabil (JBL; $120.15; O/P) to better utilize artificial intelligence (AI) and automation technologies to enable…

We think Jabil’s (JBL; $121.15; O/P) release of FQ1 (Nov) results and outlook on Thursday (12/14 before market) leaves little room for surprise after its negative pre-announcement. However, we see a lot for Jabil to…

Last night, Jabil (JBL; $130.68; O/P) negatively pre-announced FQ1E (Nov) and guided down full F2024E (Aug) sales and EPS. Specifically, Jabil now sees FQ1E sales of $8.3-8.4B, down from prior thinking of $8.4-9.0B, and EPS…

Last week, Jabil (JBL; $130.29; O/P) announced it entered into a strategic manufacturing agreement with Power Electronics, which is a scaled OEM provider of a range of energy storage solutions based largely in Valencia, Spain…

This morning, Jabil (JBL; $126.68; O/P) announced it acquired, for undisclosed terms, privately held Retronix, which provides a suite of electronic component refurbishment services that cover a range of applications (e.g., aerospace/defense, automotive, industrial automation,…

This week, Jabil (JBL; $124.94; O/P) announced two agreements that highlight how the company continues to pursue a range of new opportunities in various higher margin services, where management believes it can provide a differentiated…

We reiterate our Outperform on the shares of Jabil (JBL; $130.65) and raise our target from $150 to $160 after hosting meetings for management in New York and Boston last week. In attendance from Jabil…