Goldman Sachs Reiterates Buy Rating on Jabil (JBL)
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Jabil Posts Fourth Quarter and Fiscal Year 2024 Results
September 26, 2024 7:30 AM EDTCompany Announces New $1 Billion Share Repurchase Authorization, Provides Fiscal Year 2025 Outlook
ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2024.
Its evident that Jabil has undergone a substantial transformation this fiscal year: a year during which we sold our Mobility business, saw growth in the AI datacenter sector, and faced challenges in multiple end-markets, said CEO Mike Dastoor. Despite these changes, we delivered core margins of 5.5% and $8.49 of core diluted EPS in... More
