Jabil Inc. Reports Earnings Results for the Second Quarter and Six Months Ended February 29, 2024
March 15, 2024 at 07:45 am EDT
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Jabil Inc. reported earnings results for the second quarter and six months ended February 29, 2024. For the second quarter, the company reported sales was USD 6,767 million compared to USD 8,134 million a year ago. Net income was USD 927 million compared to USD 207 million a year ago. Basic earnings per share from continuing operations was USD 7.41 compared to USD 1.55 a year ago. Diluted earnings per share from continuing operations was USD 7.31 compared to USD 1.52 a year ago.
For the six months, sales was USD 15,154 million compared to USD 17,769 million a year ago. Net income was USD 1,121 million compared to USD 430 million a year ago. Basic earnings per share from continuing operations was USD 8.8 compared to USD 3.21 a year ago. Diluted earnings per share from continuing operations was USD 8.66 compared to USD 3.14 a year ago.
Jabil Inc. specializes in electronic outsourcing services. Net sales break down by activity as follows:
- development of engineering solutions and services in the field of materials technology (51.7%): engineering, machining and manufacturing solutions for products made of plastics, metals, fibers and glass, and composite materials, etc. for consumer electronics, wearable technology, aeronautics, defense, health, mobility and packaging industries;
- design, engineering, mass production and assembly of electronic systems and subsystems (48.3%): for the automotive, transportation, heavy equipment, computer, home automation, energy, telecommunications, networking, distribution and printing industries. The group also offers 3D printing, prototyping and testing services, as well as supply chain management solutions and services.
Net sales are distributed geographically as follows: the United States (14.2%), Singapore (21.3%), Mexico (17.5%), China (16.9%), Malaysia (8%), India (4.6%) and other (17.5%).
JABIL INC. 
