Jabil Inc. Files 10-Q for Period Ending November 30, 2023

TL;DR

<b>Jabil Inc. has filed its Q1 2024 10-Q report detailing financial performance and operations.</b>

AI Summary

JABIL INC (JBL) filed a Quarterly Report (10-Q) with the SEC on January 9, 2024. Jabil Inc. filed its Form 10-Q for the quarterly period ended November 30, 2023. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on August 31st. Jabil Inc. is incorporated in Delaware. The company's principal business address is in St. Petersburg, Florida.

Why It Matters

For investors and stakeholders tracking JABIL INC, this filing contains several important signals. This 10-Q filing provides investors with the latest financial snapshot of Jabil Inc. for the first quarter of fiscal year 2024, enabling them to assess the company's performance and financial health. The detailed financial statements and disclosures within the 10-Q are crucial for understanding Jabil's operational results, balance sheet, and cash flows, which can influence investment decisions.

Risk Assessment

Risk Level: medium — JABIL INC shows moderate risk based on this filing. The filing is a standard quarterly report, indicating ongoing operations and compliance, but lacks specific forward-looking guidance or significant positive/negative events that would alter the risk profile significantly.

Analyst Insight

Review the detailed financial statements and segment information in the 10-Q to understand revenue trends, profitability, and any changes in the company's financial position.

Key Numbers

• 2023-11-30 — Report Date (CONFORMED PERIOD OF REPORT)
• 2024-01-09 — Filing Date (FILED AS OF DATE)
• 0831 — Fiscal Year End (FISCAL YEAR END)
• 3672 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)

Key Players & Entities

• JABIL INC (company) — FILER
• JABIL CIRCUIT INC (company) — FORMER COMPANY
• DE (company) — STATE OF INCORPORATION
• FL (company) — STATE
• 7275779749 (dollar_amount) — BUSINESS PHONE

Forward-Looking Statements

• Jabil's continued growth in retained earnings suggests a likelihood of future share buybacks or dividend increases. (JABIL INC) — medium confidence, target: 2024-08-31

FAQ

Industry Context

Jabil Inc. operates within the manufacturing sector, specifically focusing on printed circuit boards (SIC 3672). This filing provides insights into its performance within this industry.

Regulatory Implications

As a publicly traded company, Jabil Inc. is subject to SEC regulations and reporting requirements, including the filing of quarterly 10-Q reports.

What Investors Should Do

1. Analyze the balance sheet for changes in assets, liabilities, and equity.
2. Review the income statement for revenue and profitability trends.
3. Examine the cash flow statement for operating, investing, and financing activities.

Key Dates

• 2023-11-30: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-01-09: Filing Date — Date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing for the period ending November 30, 2023, and comparative data from the previous period is not explicitly detailed in this header information.

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share JBL New York Stoc

Filing Documents

• d57908d10q.htm (10-Q) — 1164KB
• d57908dex101.htm (EX-10.1) — 282KB
• d57908dex102.htm (EX-10.2) — 282KB
• d57908dex103.htm (EX-10.3) — 270KB
• d57908dex104.htm (EX-10.4) — 273KB
• d57908dex105.htm (EX-10.5) — 64KB
• d57908dex106.htm (EX-10.6) — 59KB
• d57908dex311.htm (EX-31.1) — 17KB
• d57908dex312.htm (EX-31.2) — 17KB
• d57908dex321.htm (EX-32.1) — 5KB
• d57908dex322.htm (EX-32.2) — 5KB
• g57908jbl-20231130_g1.jpg (GRAPHIC) — 7KB
• 0001193125-24-004852.txt (&nbsp;) — 8655KB
• jbl-20231130.xsd (EX-101.SCH) — 50KB
• jbl-20231130_cal.xml (EX-101.CAL) — 63KB
• jbl-20231130_def.xml (EX-101.DEF) — 268KB
• jbl-20231130_lab.xml (EX-101.LAB) — 673KB
• jbl-20231130_pre.xml (EX-101.PRE) — 470KB
• d57908d10q_htm.xml (XML) — 996KB

– Financial Information

Part I – Financial Information Item 1.

Financial Statements

Financial Statements Condensed Consolidated Balance Sheets as of November 30, 2023 and August 31, 2023 1 Condensed Consolidated Statements of Operations for the three months ended November 30, 2023 and 2022 2 Condensed Consolidated Statements of Comprehensive Income for the three months ended November 30, 2023 and 2022 3 Condensed Consolidated Statements of Stockholders' Equity for the three months ended November 30, 2023 and 2022 4 Condensed Consolidated Statements of Cash Flows for the three months ended November 30, 2023 and 2022 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 29

– Other Information

Part II – Other Information Item 1.

Legal Proceedings

Legal Proceedings 30 Item 1A.

Risk Factors

Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 3. Defaults Upon Senior Securities 30 Item 4. Mine Safety Disclosures 30 Item 5. Other Information 30 Item 6. Exhibits 31

Signatures

Signatures 33 Table of Contents

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements JABIL INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in millions, except for share data) November 30, 2023 (Unaudited) August 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,550 $ 1,804 Accounts receivable, net of allowance for credit losses 3,693 3,647 Contract assets 1,090 1,035 Inventories, net of reserve for excess and obsolete inventory 5,124 5,206 Prepaid expenses and other current assets 1,235 1,109 Assets held for sale 1,962 1,929 Total current assets 14,654 14,730 Property, plant and equipment, net of accumulated depreciation of $ 4,612 as of November 30, 2023 and $ 4,512 as of August 31, 2023 3,134 3,137 Operating lease right-of-use asset 354 367 Goodwill 661 621 Intangible assets, net of accumulated amortization 177 142 Deferred income taxes 155 159 Other assets 279 268 Total assets $ 19,414 $ 19,424 LIABILITIES AND EQUITY Current liabilities: Current installments of notes payable and long-term debt $ — $ — Accounts payable 5,630 5,679 Accrued expenses 5,840 5,515 Current operating lease liabilities 96 104 Liabilities held for sale 1,464 1,397 Total current liabilities 13,030 12,695 Notes payable and long-term debt, less current installments 2,876 2,875 Other liabilities 342 319 Non-current operating lease liabilities 269 269 Income tax liabilities 118 131 Deferred income taxes 243 268 Total liabilities 16,878 16,557 Commitments and contingencies Equity: Jabil Inc. stockholders' equity: Preferred stock, $ 0.001 par value, authorized 10,000,000 shares; no shares issued and no shares outstanding — — Common stock, $ 0.001 par value, authorized 500,000,000 shares; 275,716,586 and 273,949,811 shares issued and 128,647,431 and 131,294,422 shares outstanding as of November 30, 2023 and August 31, 2023, respectively — — Additional paid-in capita

View Full Filing

View this 10-Q filing on SEC EDGAR