Jabil Inc. Files Q1 2025 10-Q Report

TL;DR

Jabil's Q1 2025 10-Q is in. Check financials for the quarter ending Nov 30, 2024.

AI Summary

Jabil Inc. reported its first quarter results for the fiscal year 2025, ending November 30, 2024. The company's filing covers the period from September 1, 2024, to November 30, 2024. Key financial data and business operations for this quarter are detailed in the report.

Why It Matters

This 10-Q filing provides investors and analysts with a detailed look at Jabil's financial performance and operational status for the first quarter of fiscal year 2025, crucial for understanding the company's current health and future prospects.

Risk Assessment

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

Key Numbers

• 20241130 — Fiscal Year End (The end date of the reporting period for this 10-Q filing.)
• 20250110 — Filing Date (The date Jabil Inc. submitted this 10-Q to the SEC.)

Key Players & Entities

• JABIL INC (company) — Filer of the 10-Q report
• 0000898293 (company) — Central Index Key for Jabil Inc.
• 20241130 (date) — End of the reporting period
• 20250110 (date) — Filing date of the report

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-20241130.htm (10-Q) — 1386KB
• jbl-20241130ex102.htm (EX-10.2) — 281KB
• jbl-20241130ex103.htm (EX-10.3) — 281KB
• jbl-20241130ex104.htm (EX-10.4) — 270KB
• jbl-20241130ex105.htm (EX-10.5) — 247KB
• jbl-20241130ex106.htm (EX-10.6) — 63KB
• jbl-20241130ex311.htm (EX-31.1) — 17KB
• jbl-20241130ex312.htm (EX-31.2) — 17KB
• jbl-20241130ex321.htm (EX-32.1) — 5KB
• jbl-20241130ex322.htm (EX-32.2) — 6KB
• jbl-20241130_g1.jpg (GRAPHIC) — 7KB
• 0001628280-25-001058.txt ( ) — 10012KB
• jbl-20241130.xsd (EX-101.SCH) — 64KB
• jbl-20241130_cal.xml (EX-101.CAL) — 68KB
• jbl-20241130_def.xml (EX-101.DEF) — 300KB
• jbl-20241130_lab.xml (EX-101.LAB) — 707KB
• jbl-20241130_pre.xml (EX-101.PRE) — 531KB
• jbl-20241130_htm.xml (XML) — 1362KB

– Financial Information

Part I – Financial Information

Financial Statements

Item 1. Financial Statements Condensed Consolidated Balance Sheets as of November 30, 2024 and August 31, 2024 1 Condensed Consolidated Statements of Operations for the three months ended November 30, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income for the three months ended November 30, 2024 and 2023 3 Condensed Consolidated Statements of Stockholders' Equity for the three months ended November 30, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the three months ended November 30, 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 23

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 35

Controls and Procedures

Item 4. Controls and Procedures 35

– Other Information

Part II – Other Information

Legal Proceedings

Item 1. Legal Proceedings 36

Risk Factors

Item 1A. Risk Factors 36

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 36

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 36

Other Information

Item 5. Other Information 36

Exhibits

Item 6. Exhibits 37

Signatures

Signatures 39 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) November 30, 2024 (Unaudited) August 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 2,058 $ 2,201 Accounts receivable, net of allowance for credit losses 3,718 3,533 Contract assets 1,103 1,071 Inventories, net of reserve for excess and obsolete inventory 4,320 4,276 Prepaid expenses and other current assets 2,029 1,710 Total current assets 13,228 12,791 Property, plant and equipment, net of accumulated depreciation of $ 4,763 as of November 30, 2024 and $ 4,736 as of August 31, 2024 2,915 3,024 Operating lease right-of-use assets 385 360 Goodwill 670 661 Intangible assets, net of accumulated amortization of $ 556 as of November 30, 2024 and $ 547 as of August 31, 2024 168 143 Deferred income taxes 125 96 Other assets 280 276 Total assets $ 17,771 $ 17,351 LIABILITIES AND EQUITY Current liabilities: Current installments of notes payable and long-term debt $ — $ — Accounts payable 6,875 6,190 Accrued expenses 5,466 5,499 Current operating lease liabilities 93 93 Total current liabilities 12,434 11,782 Notes payable and long-term debt, less current installments 2,882 2,880 Other liabilities 327 416 Non-current operating lease liabilities 304 284 Income tax liabilities 92 109 Deferred income taxes 139 143 Total liabilities 16,178 15,614 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; 277,463,763 and 276,381,151 shares issued and 111,693,059 and 113,744,167 shares outstanding as of November 30, 2024 and August 31, 2024, respectively — — Additional paid-in capital 3,002 2,841 Retained earnings 5,851 5,760 Accumulated other comprehensive loss ( 52 ) ( 46 ) Treasury stock at cost, 16

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View this 10-Q filing on SEC EDGAR