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Jabil 8-K Report, Financial Results (Dec 18, 2024)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed December 18, 2024
Period End
December 18, 2024
Security
JBL
In the record · 2016–202610-K1110-Q338-K104

JBL filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 104 current reports (8-K) between 2016 and 2026.

  1. Restructuring8-K · Sep ’16Sep ’16
  2. Material agreement8-K · Aug ’18Aug ’18
  3. Leadership change8-K · Dec ’21Dec ’21
  4. Leadership change8-K · Jan ’26Jan ’26

01—Abstract

Summary

Summary of the 8-K filed December 18, 2024. Cited figures are marked; the original filing is the authoritative source.

Jabil Inc. (NYSE: JBL) furnished a press release dated December 18, 2024 reporting preliminary, unaudited results for its first fiscal quarter of 2025, ended November 30, 2024.

Net revenue was $6.99 billiona, compared with $8.39 billion in the prior-year quarter. U.S. GAAP operating income was $197 million (versus $303 million), U.S. GAAP diluted EPS was $0.88 (versus $1.47), and core operating income (non-GAAP) was $347 million (versus $499 million). Core diluted EPS (non-GAAP) was $2.00, compared with $2.60 a year earlier.

Net cash provided by operating activities was $312 millionb and adjusted free cash flow (non-GAAP) was $226 million. Management said results came in stronger than anticipated, driven by incremental strength in its Cloud, Data Center Infrastructure, and Digital Commerce end-markets. For fiscal 2025, Jabil now expects net revenue of approximately $27.3 billion, a core operating margin of 5.4%, core diluted EPS of $8.75, and adjusted free cash flow of $1.2 billion.

For the second fiscal quarter, guidance calls for net revenue of $6.1 billion to $6.7 billionc, U.S. GAAP diluted EPS of $0.69 to $1.27, and core diluted EPS of $1.60 to $2.00. The filing also shows cash and cash equivalents of $2.06 billion at November 30, 2024, total debt of $2.88 billion in notes payable and long-term debt, and total stockholders' equity of $1.59 billion.

Treasury stock purchases were $232 milliond in the quarter. Restructuring, severance and related charges were $83 million, and the company cited charges related to Hurricanes Helene and Milton affecting its St. Petersburg, Florida and North Carolina operations.

02—Key points

Key Highlights

  1. Net revenue of $6.99 billion, down from $8.39 billion in the year-ago quarter
  2. U.S. GAAP operating income of $197 million and core operating income of $347 million, versus $303 million and $499 million a year earlier
  3. U.S. GAAP diluted EPS of $0.88 and core diluted EPS of $2.00, compared with $1.47 and $2.60 in the prior-year quarter
  4. Fiscal 2025 outlook raised: net revenue of approximately $27.3 billion, core operating margin of 5.4%, core diluted EPS of $8.75, and adjusted free cash flow of $1.2 billion
  5. Second-quarter fiscal 2025 guidance: net revenue of $6.1 billion to $6.7 billion and core diluted EPS of $1.60 to $2.00
  6. Net cash from operations of $312 million and adjusted free cash flow of $226 million in the quarter; $232 million spent on treasury stock repurchases
  7. Restructuring, severance and related charges of $83 million, plus $9 million in business interruption charges tied to Hurricanes Helene and Milton

03—Questions

Frequently Asked Questions

  1. How did Jabil perform in its first fiscal quarter of 2025?

    Net revenue was $6.99 billion, versus $8.39 billion a year earlier. U.S. GAAP diluted EPS was $0.88 and core diluted EPS (non-GAAP) was $2.00, compared with $1.47 and $2.60 in the prior-year quarter. The company said results were stronger than it anticipated.

  2. What is Jabil's updated outlook for fiscal 2025?

    Jabil expects net revenue of approximately $27.3 billion, a core operating margin of 5.4%, core diluted EPS of $8.75, and adjusted free cash flow of $1.2 billion. The press release describes this as a raised outlook.

  3. What guidance did Jabil give for the second fiscal quarter of 2025?

    Jabil projects net revenue of $6.1 billion to $6.7 billion, U.S. GAAP operating income of $183 million to $263 million, U.S. GAAP diluted EPS of $0.69 to $1.27, and core diluted EPS of $1.60 to $2.00.

  4. Which end-markets drove the quarter's results?

    CEO Mike Dastoor said results were driven by incremental strength in the Cloud, Data Center Infrastructure, and Digital Commerce end-markets.

  5. What is the financial position and cash flow picture?

    At November 30, 2024, Jabil had cash and cash equivalents of $2.06 billion and notes payable and long-term debt of $2.88 billion. Operating cash flow was $312 million and adjusted free cash flow was $226 million for the quarter. Jabil also repurchased $232 million of treasury stock.

04—Continue

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