The company said net revenue for the 3 months ended November 30, 2023 decreased from a year earlier. It said EMS segment net revenue fell 21% and DMS segment net revenue fell 6%.

1. 01

   The company said net revenue for the 3 months ended November 30, 2023 decreased from a year earlier. It said EMS segment net revenue fell 21% and DMS segment net revenue fell 6%.

2. 02

   Jabil said on September 26, 2023 that it agreed to sell its mobility business to an affiliate of BYD Electronic for a cash transaction valued at about $2.2 billion. It said it completed the sale on December 29, 2023.

3. 03

   The company said it expects to recognize about $300 million in pre-tax restructuring and related costs over the course of fiscal 2024 under the 2024 Restructuring Plan. It said the related net cash expenditures are expected to total about $200 million.

4. 04

   The company said it entered into a $500 million accelerated share repurchase (ASR) agreement on September 2023. It said 3.9 million shares were delivered at an average price of $128.61, and that $2.0 billion remained available under the repurchase authorization as of November 30, 2023.

Key figures

Quarter ended November 30, 2023

Revenue

$8.4B

Operating income

$303M

Net income

$194M

EPS

$1.47

Gross profit

$775M

Operating cash flow

$448M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.