Jabil today announced preliminary, unaudited financial results for the fourth quarter and fiscal year ending August 31, 2024.
"It is clear that Jabil has undergone a profound transformation this fiscal year: a year in which we sold our Mobility business, experienced growth in the AI data center sector and faced challenges in several end markets," said CEO Mike Dastoor. "Despite these changes, we delivered core margins of 5.5% and $8.49 core diluted earnings per share in FY2024, while generating over $1 billion in adjusted free cash flow. In addition, we returned USD 2.5 billion to our shareholders through buybacks. While near-term demand in certain end markets faces challenges, we are confident that we are well positioned in the medium to long term to benefit from long-term trends in areas such as data center power and cooling, electric and hybrid vehicles, healthcare and pharmaceutical delivery solutions, semiconductor equipment and warehouse automation"
Highlights of the fourth quarter of the 2024 financial year:
- Net sales: $7.0 billion
- Operating result according to US GAAP: $318 million
- Diluted earnings per share according to US GAAP: 1,18 $
- Core operating income (non-GAAP): $401 million
- Diluted core earnings per share (non-GAAP): 2,30 $
Highlights of the 2024 financial year:
- Net sales: $28.9 billion
- Operating result according to US GAAP: $2.0 billion
- Diluted earnings per share according to US GAAP: 11,17 $
- Core operating income (non-GAAP): $1.6 billion
- Diluted core earnings per share (non-GAAP): 8,49 $
Update on return on capital:
The Board of Directors has announced a share buyback program for ordinary shares worth up to 1 billion $ authorized. The shares will be repurchased from time to time in a variety of ways, including, at the Company's discretion and depending on market conditions and other factors, in the open market.
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