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JBL Jabil

Jabil, Inc. engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries. The firm operates through the following segments: Electronics Manufacturing Services and Diversified Manufacturing Services. The Electronics Manufacturing Services segment focuses around leveraging IT; supply chain design and engineering; and technologies largely centered on core electronics. The Diversified Manufacturing Services segment provides engineering solutions, with an emphasis on material sciences and technologies. The company was founded by William E. Morean and James Golden in 1966 and is headquartered in St. Petersburg, FL.

Company profile

Ticker
JBL
Exchange
Website
CEO
Mark Mondello
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
JABIL CIRCUIT INC
SEC CIK
IRS number
381886260

JBL stock data

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Calendar

2 Apr 21
18 Apr 21
31 Aug 21
Quarter (USD)
Feb 21 Nov 20 Aug 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Aug 20 Aug 19 Aug 18 Aug 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Jabil earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 838.1M 838.1M 838.1M 838.1M 838.1M 838.1M
Cash burn (monthly) 89.82M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 154.04M n/a n/a n/a n/a n/a
Cash remaining 684.06M n/a n/a n/a n/a n/a
Runway (months of cash) 7.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Apr 21 Thomas A Sansone Common Stock Sell Dispose S Yes No 54.25 25,000 1.36M 1,488,532
5 Apr 21 Michael J Loparco Common Stock Sell Dispose S No Yes 53.665 10,000 536.65K 262,975
19 Mar 21 Thomas A Sansone Common Stock Sell Dispose S Yes No 51.3546 25,000 1.28M 1,513,532
16 Mar 21 Steven D Borges Common Stock Sell Dispose S No Yes 50.5 20,000 1.01M 247,429
16 Mar 21 Steven D Borges Common Stock Sell Dispose S No Yes 52 15,000 780K 267,429
16 Mar 21 Michael J Loparco Common Stock Sell Dispose S No Yes 50.6214 20,585 1.04M 272,975
16 Mar 21 Michael J Loparco Common Stock Sell Dispose S No Yes 52 5,000 260K 293,560
15 Mar 21 Michael J Loparco Common Stock Sell Dispose S No Yes 49 3,415 167.34K 298,560

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

89.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 348 326 +6.7%
Opened positions 65 41 +58.5%
Closed positions 43 40 +7.5%
Increased positions 112 91 +23.1%
Reduced positions 127 146 -13.0%
13F shares
Current Prev Q Change
Total value 7.85B 4.52B +73.5%
Total shares 133.51M 132.02M +1.1%
Total puts 297.75K 554.05K -46.3%
Total calls 807.55K 859.35K -6.0%
Total put/call ratio 0.4 0.6 -42.8%
Largest owners
Shares Value Change
FMR 22.57M $959.93M -0.1%
Vanguard 14.93M $634.86M +2.1%
BLK Blackrock 11.5M $489.3M -1.7%
Texas Yale Capital 8.6M $365.63M +0.5%
LSV Asset Management 4.95M $210.48M -7.0%
Dimensional Fund Advisors 4.48M $190.39M -4.3%
STT State Street 4.39M $186.86M -5.6%
Primecap Management 3.59M $152.47M -0.3%
Fuller & Thaler Asset Management 3.3M $140.26M +14.8%
Point72 Asset Management 2.51M $106.76M +12.7%
Largest transactions
Shares Bought/sold Change
Aqr Capital Management 1.24M -1.78M -59.0%
Norges Bank 1.57M +1.57M NEW
JHG Janus Henderson 1.26M +1.26M NEW
American Century Companies 1.12M +747.6K +201.5%
Ensign Peak Advisors 103.76K -693.89K -87.0%
IVZ Invesco 1.59M +690.29K +76.4%
Weiss Multi-Strategy Advisers 0 -500K EXIT
Adage Capital Partners GP, L.L.C. 1.95M +469.5K +31.8%
Hood River Capital Management 430.92K +430.92K NEW
Fuller & Thaler Asset Management 3.3M +424K +14.8%

Financial report summary

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Risks
  • The effect of COVID-19 on our operations and the operations of our customers, suppliers and logistics providers has, and is expected to continue to have, a material and adverse impact on our financial condition and results of operations.
  • If we do not manage our growth effectively, our profitability could decline.
  • Because we depend on a limited number of customers, a reduction in sales to any one of those customers could cause a significant decline in our revenue.
  • Our customers face numerous competitive challenges, which may materially adversely affect their business and ours.
  • Most of our customers do not commit to long-term production schedules, and they may cancel their orders, change production quantities, delay production or change their sourcing strategy, which makes it difficult for us to schedule production and manage capital expenditures and to maximize the efficiency of our manufacturing capacity.
  • Customer relationships with emerging companies may present more risks than with established companies.
  • The success of our business is dependent on our ability to keep pace with technological changes and competitive conditions in our industry, and our ability to effectively adapt our services as our customers react to technological changes and competitive conditions in their respective industries.
  • Introducing new business models or programs requiring implementation of new competencies, such as new process technologies and our development of new products or services for customers, could affect our operations and financial results.
  • We compete with numerous other diversified manufacturing service providers, electronic manufacturing services and design providers and others.
  • Our business could be adversely affected by any delays, or increased costs, resulting from common carrier or transportation issues.
  • We may not be able to maintain our engineering, technological and manufacturing expertise.
  • We depend on attracting and retaining officers, managers and skilled personnel.
  • Efficient component and material purchasing is critical to our manufacturing processes and contractual arrangements. A shortage of components or an increase in price could interrupt our operations and reduce our profit, increase our inventory carrying costs, increase our risk of exposure to inventory obsolescence and cause us to purchase components of a lesser quality.
  • We derive a substantial majority of our revenues from our international operations, which may be subject to a number of different risks and often require more management time and expense than our domestic operations.
  • We have on occasion not achieved, and may not in the future achieve, expected profitability from our acquisitions.
  • We face risks arising from the restructuring of our operations.
  • Any delay in the implementation of our information systems could disrupt our operations and cause unanticipated increases in our costs.
  • Disruptions to our information systems, including security breaches, losses of data or outages, and other security issues, could adversely affect our operations.
  • We are subject to extensive government regulations and industry standards and the terms of complex contracts; a failure to comply with current and future regulations and standards, or the terms of our contractual arrangements, could have an adverse effect on our business, customer relationships, reputation and profitability.
  • If we manufacture products containing design or manufacturing defects, demand for our services may decline, our reputation may be damaged and we may be subject to liability claims.
  • We may face heightened liability risks specific to our medical device business as a result of additional healthcare regulatory related compliance requirements and the potential severe consequences (e.g., death or serious injury) that could result from manufacturing defects or malfunctions of the medical devices we manufacture or design.
  • Compliance or the failure to comply with current and future environmental, health and safety, product stewardship and producer responsibility laws or regulations could cause us significant expense.
  • Our manufacturing, production and design processes and services may result in exposure to intellectual property infringement and other claims.
  • The success of certain aspects of our business depends in part on our ability to obtain, protect and leverage intellectual property rights.
  • Exposure to financially troubled customers or suppliers may adversely affect our financial results.
  • When financial markets experience significant turmoil, the financial arrangements we may need to enter into, refinance or repay and our customers may be adversely affected.
  • We are subject to the risk of increased taxes.
  • Our credit rating may be downgraded.
  • Our amount of debt could significantly increase in the future.
  • An adverse change in the interest rates for our borrowings could adversely affect our financial condition.
  • We are subject to risks of currency fluctuations and related hedging operations.
  • Energy price increases may negatively impact our results of operations.
  • An impairment in the value of our assets would reduce the value of our assets and reduce our net income in the year in which the write-off occurs.
  • Changes in financial accounting standards or policies have affected, and in the future may affect, our reported financial condition or results of operations.
  • We are subject to risks associated with natural disasters, climate change and global events.
Management Discussion
  • Refer to Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations" section contained in our Annual Report on Form 10-K for the fiscal year ended August 31, 2019 for the results of operations discussion for the fiscal year ended August 31, 2019 compared to the fiscal year ended August 31, 2018.
  • Generally, we assess revenue on a global customer basis regardless of whether the growth is associated with organic growth or as a result of an acquisition. Accordingly, we do not differentiate or separately report revenue increases generated by acquisitions as opposed to existing business. In addition, the added cost structures associated with our acquisitions have historically been relatively insignificant when compared to our overall cost structure.
  • The distribution of revenue across our segments has fluctuated, and will continue to fluctuate, as a result of numerous factors, including the following: fluctuations in customer demand; efforts to diversify certain portions of our business; business growth from new and existing customers; specific product performance; and any potential termination, or substantial winding down, of significant customer relationships.
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