Jabil (JBL)

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…

We reiterate our Outperform and bump up our target from $95 to $100 on the shares of Jabil (JBL; $78.81; O/P) after hosting an investor visit last Wednesday (4/19) to its rapidly expanding operations in…

Jabil (JBL; $78.37; O/P) produced a healthy FQ2 (Feb) sales, margin and EPS beat, held back somewhat by higher interest costs related mainly to some higher than expected inventories that we see proving highly transitory….

Jabil (JBL; $80.33; O/P) reported FQ2 (Feb) “core” non-GAAP EPS of $1.88, which beat our $1.84 and the Street’s $1.85 on sales of $8,134mm (vs. our $8,000mm and the Street’s $8,089mm) and despite ~$0.05 of…

We reiterate our Outperform on Jabil shares (JBL; $84.84; O/P) ahead of its FQ2 (Feb) results and outlook, scheduled for next Thursday (3/16 before market). We are comfortable with our FQ2E sales, operating margin, and…

We raise our target on the shares of Jabil (JBL; $81.17; O/P) from $85 to $95, which is a bit of a “housekeeping call” after our bullish meetings at the Consumer Electronics Show in Las…

We reiterate our Outperform on the shares of Jabil (JBL; $67.98) after hosting an investor meeting at the Consumer Electronics Show (CES) in Las Vegas with Kenny Wilson, who takes over as CEO in May,…

We reiterate our Outperform on the shares of Jabil (JBL; $69.22) as we bump up F2023E (Aug) EPS from $8.25 to $8.40 (+10% YoY) and adjust F2024E EPS from $9.00 to $9.20 (+10%) after FQ1…

Jabil (JBL; $72.60; O/P) reported FQ1 (Nov) “core” non-GAAP EPS of $2.31, which was ahead of our $2.25 and the Street’s $2.24 on sales of $9,635mm (vs. our $9,300mm and the Street’s $9,290mm). As per…

We expect FQ1 (Nov) results from Jabil (JBL; $71.72; O/P) at least living up to Street expectations and see management reiterating F2023E (Aug) guidance when it reports next Thursday (12/15 before market). However, we would…

This morning, Jabil (JBL; $65.46; O/P) announced that its Board appointed Kenny Wilson as the company’s next CEO, taking over from current CEO Mark Mondello, who will remain on the Board of Directors as Executive…