Jabil (JBL)

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…

We reiterate our Outperform, increase EPS estimates, and raise our target from $125 to $150 on the shares of Jabil (JBL; $124.95) another “beat and raise” with its FQ4 (Aug) print and full year F2024E…

Jabil (JBL; $105.18; O/P) reported FQ4 (Aug) “core” non-GAAP EPS of $2.45, which beat our consensus matching $2.32 on sales of $8,458mm (vs. our $8,506mm and the Street’s $8,537mm). As illustrated in the variance table…

Last night, Jabil (JBL; $105.00; O/P) announced that it reached a definitive agreement to divest its Mobility business (11% of sales at somewhat below average margins) to BYD Electronic or BYDE (285.HK; HK$34.95; NR) for…

We reiterate our Outperform on Jabil shares (JBL; $107.33) ahead of its FQ4 (Aug) results and Annual Investor Briefing next Thursday (9/28 before market) when we expect a first view on F2024E (Aug) sales and…

Yesterday (9/15), Rivian’s (RIVN; $24.06; E/W) CEO RJ Scaringe presented at an investor conference, where among other things, the company highlighted plans to update its electronic and electrical vehicle architecture, for integration into its next-generation…

Last night, Jabil (JBL; $103.22; O/P) surprised us when it announced a preliminary agreement for the sale of its Mobility business to BYD Electronic or BYDE (285.HK; HK$32.85; NR). Most recently, management estimated its Mobility…

Yesterday (6/22), we hosted a “fireside chat”, as part of our Transportation Technology Conference, with Jabil’s (JBL; $103.85; O/P) Steve Borges, EVP and CEO of Diversified Manufacturing Services (DMS; ~50% of sales); Chad Morley, SVP,…

We bump up our F2023E (Aug) EPS for Jabil (JBL; $104.64; O/P) after another solid “beat and raise”, driven by its profitable focus on healthy secular trends and working capital benefits from reducing inventories, which…

Jabil (JBL; $99.69; O/P) reported FQ3 (May) “core” or non-GAAP EPS of $1.99, which beat our $1.93 and the Street’s $1.87 on better than expected sales of $8,475mm (vs. our $8,225mm and the Street’s $8,199mm)….

We expect Jabil (JBL; $94.18; O/P) to offer up more support for its secular margin story with FQ3 (May) results and outlook next Thursday (6/15 before market) even in the context of a mixed demand…