Jabil to Make Changes to Board of Directors
November 7, 2023
🌥️Trending News
Jabil Inc ($NYSE:JBL). has announced plans to make changes to its Board of Directors. The company, which is a leading global provider of electronic manufacturing services, revealed that it is in the process of selecting new independent directors to serve on the board. It is known for providing high-quality engineering, manufacturing, and supply chain services to leading companies. Its customers include technology firms, automotive companies, and major healthcare providers. Jabil’s stock is traded publicly on the New York Stock Exchange. The company has stated that it is committed to increasing diversity on the board. As part of this effort, it has identified multiple candidates with diverse backgrounds and experiences who will bring new perspectives to the boardroom.
In addition, Jabil has made a commitment to increase its board’s independence by appointing additional independent directors. Jabil Inc. remains dedicated to creating value for its shareholders and furthering its success through strong corporate governance. The forthcoming changes to the board of directors will ensure that the company is well-positioned for continued success.
Stock Price
On Monday, JABIL INC made an announcement that they would be making changes to their Board of Directors. The stock opened at $128.3 and closed at a slightly lower price of $127.2, a 1.0% decrease from the previous closing price of $128.4. There have been no further details provided as to what the changes on the board will be, but investors have reacted negatively in response to the news. It remains to be seen how this news will affect JABIL INC and its stock in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Jabil Inc. More…
| Total Revenues | Net Income | Net Margin |
| 34.7k | 818 | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Jabil Inc. More…
| Operations | Investing | Financing |
| 1.73k | -723 | -680 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Jabil Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.42k | 16.56k | 21.9 |
Key Ratios Snapshot
Some of the financial key ratios for Jabil Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.4% | 34.4% | 4.6% |
| FCF Margin | ROE | ROA |
| 2.0% | 35.6% | 5.1% |
Analysis
GoodWhale has conducted an analysis of JABIL INC‘s wellbeing and determined that the company is classified as ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. After evaluating JABIL INC’s health score of 8/10, considering its cashflows and debt, we concluded that the company is capable to sustain future operations in times of crisis. Moreover, JABIL INC’s growth, asset, dividend, and profitability scores are all rated as medium to high, making it an attractive investment option for investors looking for a balance of risk and reward. More…
Peers
It is headquartered in St. Petersburg, Florida, and it has been in business since 1966. The company has more than 100,000 employees, and its revenue was $17.9 billion in 2017. Jabil Inc‘s main competitors are Flex Ltd, Venture Corp Ltd, and Suzhou Etron Technologies Co Ltd.
– Flex Ltd ($NASDAQ:FLEX)
Flex Ltd is a leading manufacturer of electronic components and assemblies. The company has a market capitalization of 7.97 billion as of 2022 and a return on equity of 18.46%. Flex Ltd is a diversified company that operates in a variety of industries, including automotive, consumer electronics, communications, computing, and industrial. The company has a strong global presence and is headquartered in Singapore. Flex Ltd is a publicly traded company on the Singapore Stock Exchange.
– Venture Corp Ltd ($SGX:V03)
Venture Corp Ltd is a Singapore-based company that provides electronic manufacturing services. The company has a market cap of 4.64B as of 2022 and a Return on Equity of 12.65%. The company’s primary businesses are in the areas of original design manufacturing, precision engineering, and electronics manufacturing services. The company also provides value-added services such as product development, assembly, and testing.
– Suzhou Etron Technologies Co Ltd ($SHSE:603380)
As of 2022, Suzhou Etron Technologies Co Ltd has a market cap of 4.81B and a Return on Equity of 13.48%. The company is engaged in the research, development, production and sales of optoelectronic products and solutions. The company’s products are used in a wide range of applications, including telecommunications, data communications, consumer electronics, automotive electronics, industrial electronics and medical electronics.
Summary
JABIL Inc. (JBL) has recently announced changes to its Board of Directors. The new board members are expected to bring a wealth of experience and expertise in a variety of industries.
Additionally, the company has indicated that the new board members are expected to help guide strategic planning and the execution of long-term goals. From an investing perspective, the changes to the board may signal that the company is looking to increase shareholder value through new strategies and partnerships. Analysts may be interested in closely monitoring the company’s progress and any additional changes to the board in the coming months.
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