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Financial report summary
?Competition
JabilRisks
- Raw material inflation or shortage of available materials could harm our financial condition and results of operations.
- Weather related events could negatively impact our results of operations.
- We may not be able to compete successfully and our customers may not continue to purchase our products.
- We may pursue and execute acquisitions or divestitures, which could adversely affect our business.
- In the event of a catastrophic loss of one of our key manufacturing facilities, our business would be adversely affected.
- Employee retention, labor cost inflation or the failure to renew collective bargaining agreements could disrupt our business.
- We depend on information technology systems and infrastructure to operate our business, and increased cybersecurity threats, system inadequacies, and failures could disrupt our operations, compromise customer, employee, vendor and other data which could negatively affect our business.
- Financial and Legal Risks
- Our substantial indebtedness could affect our ability to meet our obligations and may otherwise restrict our activities.
- Goodwill and other intangibles represent a significant amount of our net worth, and a future write-off could result in lower reported net income and a reduction of our net worth.
- Our international operations pose risks to our business that may not be present with our domestic operations.
- Current and future environmental and other governmental requirements could adversely affect our financial condition and our ability to conduct our business.
- Changes in tax laws or changes in our geographic mix of earnings could have a material impact on our financial condition and results of operation.
- We may not be successful in protecting our intellectual property rights, including our unpatented proprietary know-how and trade secrets, or in avoiding claims that we infringed on the intellectual property rights of others.
Management Discussion
- Business integration expenses consist of restructuring and impairment charges, divestiture related costs, and other business optimization costs. Tables present dollars in millions.
- Net sales: The net sales decline is primarily attributed to decreased selling prices of $189 million due to the pass through of lower polymer costs and a 3% volume decline from continued general market softness, partially offset by a $64 million favorable impact from foreign currency changes.
- Cost of goods sold: The cost of goods sold decrease is primarily attributed to lower raw material costs and the volume decline, partially offset by foreign currency changes.