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Jabil 8-K Report, Financial Results (Mar 20, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed March 20, 2025
Period End
March 20, 2025
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 March 20, 2025. Cited figures are marked; the original filing is the authoritative source.

Jabil Inc. (NYSE: JBL) furnished a press release on March 20, 2025 reporting preliminary, unaudited results for its second fiscal quarter ended February 28, 2025.

Net revenue was $6.7 billiona ($6,728 million, versus $6,767 million a year earlier), U.S. GAAP operating income was $245 million, and U.S. GAAP diluted earnings per share were $1.06, compared with $7.31 in the prior-year quarter, which included a $944 million gain from the divestiture of the Mobility Business. Core operating income (Non-GAAP) was $334 million and core diluted earnings per share (Non-GAAP) was $1.94, versus $1.68 a year earlier. The company said results were ahead of its expectations, citing continued strength in capital equipment, cloud and data center infrastructure, and digital commerce end-markets.

For the third fiscal quarter of 2025, Jabil guided to net revenue of $6.7 billion to $7.3 billionb, U.S. GAAP diluted EPS of $1.50 to $1.99, and core diluted EPS of $2.08 to $2.48. For full fiscal year 2025, it outlined net revenue of $27.9 billion, a core operating margin of 5.4%, core diluted EPS of $8.95, and adjusted free cash flow of $1.2 billion or more. The release title describes the fiscal 2025 outlook as raised.

Six-month adjusted free cash flow was $487 million, and cash and cash equivalents fell to $1,592 millionc from $2,201 million at August 31, 2024, reflecting $746 million of financing outflows including $636 million of treasury stock repurchases. The balance sheet shows total assets of $17,396 million and total equity of $1,358 million at February 28, 2025, down from $1,737 million at August 31, 2024, as treasury stock rose to $7,570 million. The company cautioned that its final quarterly numbers could differ from these preliminary, unaudited figures.

02—Key points

Key Highlights

  1. Q2 FY2025 net revenue of $6.7 billion (vs. $6,767 million in the prior-year quarter) and U.S. GAAP operating income of $245 million (vs. $1,131 million, which included a $944 million divestiture gain).
  2. U.S. GAAP diluted EPS of $1.06 versus $7.31 a year earlier; core diluted EPS (Non-GAAP) of $1.94 versus $1.68.
  3. Core operating income (Non-GAAP) of $334 million for the quarter, compared with $338 million a year earlier.
  4. Q3 FY2025 guidance: net revenue of $6.7 billion to $7.3 billion and core diluted EPS of $2.08 to $2.48.
  5. FY2025 outlook includes net revenue of $27.9 billion, a 5.4% core operating margin, core diluted EPS of $8.95, and adjusted free cash flow of $1.2 billion or more.
  6. Cash and cash equivalents declined to $1,592 million from $2,201 million at August 31, 2024, with $636 million spent on treasury stock repurchases in the six months.
  7. Management cited its designation as a U.S. domiciled manufacturing service provider and significant U.S. footprint as increasingly important to customers amid geopolitical developments.

03—Questions

Frequently Asked Questions

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

    Net revenue was $6.7 billion ($6,728 million), U.S. GAAP operating income was $245 million, and U.S. GAAP diluted EPS was $1.06. Core diluted EPS (Non-GAAP) was $1.94. The company described these results as exceeding its expectations.

  2. Why are prior-year results not directly comparable?

    The prior-year second quarter included a $944 million gain from the divestiture of businesses, which was recorded as $942 million pre-tax gain on the sale of the Mobility Business, subject to post-closing adjustments. This drove the prior-year U.S. GAAP operating income of $1,131 million and diluted EPS of $7.31.

  3. What is Jabil's outlook for the third quarter and full fiscal 2025?

    For Q3 FY2025, Jabil expects net revenue of $6.7 billion to $7.3 billion, U.S. GAAP diluted EPS of $1.50 to $1.99, and core diluted EPS of $2.08 to $2.48. For FY2025, it expects net revenue of $27.9 billion, a 5.4% core operating margin, core diluted EPS of $8.95, and adjusted free cash flow of $1.2 billion or more.

  4. Are these results final?

    No. The figures are preliminary and unaudited. The company noted that its determination while finalizing second-quarter results could cause its financial results and conditions to differ from the preliminary numbers in the release.

  5. How is Jabil using its cash?

    In the six months ended February 28, 2025, Jabil paid $636 million to acquire treasury stock, made $361 million in business and intangible asset acquisitions, and made net debt payments of $80 million. Cash and cash equivalents decreased to $1,592 million from $2,201 million at August 31, 2024.

04—Continue

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