Jabil Inc. Files Q3 2024 10-Q Report

TL;DR

Jabil's Q3 2024 10-Q is in: check financials for latest performance.

AI Summary

Jabil Inc. filed its 10-Q for the period ending May 31, 2024, reporting on its third fiscal quarter. The filing details financial performance and operational updates for the company, which is involved in manufacturing services. Specific financial figures and operational highlights for the quarter are presented within the report.

Why It Matters

This 10-Q filing provides investors and analysts with a detailed look at Jabil's financial health and operational performance during the third quarter of fiscal year 2024, influencing investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• 20240531 — Fiscal Period End Date (Indicates the end of the reporting quarter.)
• 20240709 — Filing Date (The date the report was officially submitted to the SEC.)

Key Players & Entities

• JABIL INC (company) — Filer of the 10-Q report
• 20240531 (date) — End of the reporting period
• 20240709 (date) — Filing date of the report
• 0000898293 (company) — Central Index Key for Jabil Inc.

FAQ

Key Financial Figures

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

Filing Documents

• jbl-20240531.htm (10-Q) — 1459KB
• jbl-20240531ex311.htm (EX-31.1) — 17KB
• jbl-20240531ex312.htm (EX-31.2) — 17KB
• jbl-20240531ex321.htm (EX-32.1) — 5KB
• jbl-20240531ex322.htm (EX-32.2) — 6KB
• jbl-20240531_g1.jpg (GRAPHIC) — 7KB
• 0001628280-24-031429.txt ( ) — 8164KB
• jbl-20240531.xsd (EX-101.SCH) — 51KB
• jbl-20240531_cal.xml (EX-101.CAL) — 66KB
• jbl-20240531_def.xml (EX-101.DEF) — 290KB
• jbl-20240531_lab.xml (EX-101.LAB) — 645KB
• jbl-20240531_pre.xml (EX-101.PRE) — 493KB
• jbl-20240531_htm.xml (XML) — 1276KB

– Financial Information

Part I – Financial Information

Financial Statements

Item 1. Financial Statements Condensed Consolidated Balance Sheets as of May 31, 2024 and August 31, 2023 1 Condensed Consolidated Statements of Operations for t he three months and nine months ended May 31, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income for the three months and nine months ended May 31, 2024 and 2023 3 Condensed Consolidated Statements of Stockholders' Equity for the three months and nine months ended May 31, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the nine months ended May 31, 2024 and 2023 5 Notes to Condensed Consolidated Financial Statements 6

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 21

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 32

Controls and Procedures

Item 4. Controls and Procedures 32

– Other Information

Part II – Other Information

Legal Proceedings

Item 1. Legal Proceedings 33

Risk Factors

Item 1A. Risk Factors 33

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 33

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 33

Other Information

Item 5. Other Information 33

Exhibits

Item 6. Exhibits 34

Signatures

Signatures 36 Table of Contents

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements JABIL INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in millions, except for share data) May 31, 2024 (Unaudited) August 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 2,457 $ 1,804 Accounts receivable, net of allowance for credit losses 3,382 3,647 Contract assets 1,121 1,035 Inventories, net of reserve for excess and obsolete inventory 4,439 5,206 Prepaid expenses and other current assets 1,494 1,109 Assets held for sale — 1,929 Total current assets 12,893 14,730 Property, plant and equipment, net of accumulated depreciation of $ 4,668 as of May 31, 2024 and $ 4,512 as of August 31, 2023 2,963 3,137 Operating lease right-of-use asset 366 367 Goodwill 655 621 Intangible assets, net of accumulated amortization 155 142 Deferred income taxes 129 159 Other assets 288 268 Total assets $ 17,449 $ 19,424 LIABILITIES AND EQUITY Current liabilities: Current installments of notes payable and long-term debt $ — $ — Accounts payable 5,398 5,679 Accrued expenses 5,929 5,515 Current operating lease liabilities 96 104 Liabilities held for sale — 1,397 Total current liabilities 11,423 12,695 Notes payable and long-term debt, less current installments 2,879 2,875 Other liabilities 331 319 Non-current operating lease liabilities 285 269 Income tax liabilities 112 131 Deferred income taxes 143 268 Total liabilities 15,173 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; 276,079,193 and 273,949,811 shares issued and 118,720,679 and 131,294,422 shares outstanding as of May 31, 2024 and August 31, 2023, respectively — — Additional paid-in capital 2,881 2,795 Retained earnings 5,632 4,412 Accumulated other comprehensive loss ( 18 ) ( 17 ) Treasury stock at cost, 157,358,514 and 14

View Full Filing

View this 10-Q filing on SEC EDGAR