Jabil Inc. is a leading global provider of manufacturing services and solutions, offering comprehensive electronics design, production, and product management services across various industries. The company operates through dedicated business units, combining automated manufacturing with advanced electronic design. Jabil's global presence allows customers to manufacture products in optimal locations. The company serves a wide range of end markets, including 5G, wireless, cloud, digital print, retail, industrial, semi-capital equipment, automotive, transportation, healthcare, and packaging.

• Employees: 138,000 (as of August 31, 2024)
• Geographic Footprint: Operates in over 30 countries
• Headquarters: St. Petersburg, Florida
• Founded: 1992
• Number of locations/facilities: Approximately 100
• Revenue: $28.9 billion (FY2024)
• Key Subsidiaries/Brands: Not explicitly stated in the filing

• CEO: Michael Dastoor (since May 2024)
• CFO: Gregory B. Hebard (since May 2024)
• Board Chair: Mark T. Mondello (since November 2021)
• Other Key Executives:
  • Adam E. Berry, Senior Vice President, Investor Relations & Communications
  • Steven D. Borges, Executive Vice President, Global Business Units
  • Matthew Crowley, Executive Vice President, Global Business Units
  • Frederic E. McCoy, Executive Vice President, Operations
  • Francis G. McKay, Senior Vice President, Chief Procurement Officer
  • Kristine Melachrino, Senior Vice President, General Counsel
  • Andrew D. Priestley, Executive Vice President, Global Business Units
  • Gary K. Schick, Senior Vice President and Chief Human Resources Officer
  • May Y. Yap, Senior Vice President, Chief Information Officer

Key leaders have extensive experience within Jabil and the technology sector.

• Annual Revenue: $28.9 billion (FY2024)
• Net Income: $1.4 billion (FY2024)
• Total Assets: $17.4 billion (as of August 31, 2024)
• Number of Employees: 138,000 (as of August 31, 2024)
• Key Financial Highlights:
  • Gross profit margin of 9.3%
  • Operating income of $2.0 billion

Jabil provides a wide array of manufacturing services and solutions, including:

• Electronics Design: Electronic hardware and embedded software design services for various applications.
• Experience Design: User research, industrial design, user interface design, and human factors.
• Mechanical Design: Mechanical design of plastic and metal components, enclosures, sub-assemblies, and systems.
• Optical Design: Optical product solutions for virtual/augmented reality, LiDAR, 3D sensing, projection, and imaging.
• Industrialization Engineering: Engineering services to optimize products for performance, quality, and time-to-market.
• Product Verification: Product verification, failure analysis, regulatory, compliance, and safety testing.
• Manufacturing Test Solution Development: Design and management of test processes.
• Systems Assembly: Assembly of higher-level sub-systems and systems incorporating multiple PCBAs.

Jabil operates through two reportable segments as of August 31, 2024:

• Electronics Manufacturing Services (EMS): Focused on leveraging IT, supply chain design, and core electronics technologies. Includes customers primarily in 5G, wireless, cloud, digital print and retail, industrial and semi-capital equipment, and networking and storage industries.
• Diversified Manufacturing Services (DMS): Focused on providing engineering solutions, with an emphasis on material sciences, machining, tooling, and molding. Includes customers primarily in the automotive and transportation, connected devices, and healthcare and packaging industries.

Beginning September 1, 2024, Jabil reorganized its internal structure into three segments: Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce.

Jabil's strategy focuses on becoming the world's most technologically advanced and trusted manufacturing solutions provider. Key strategic initiatives include:

• Establishing and maintaining long-term customer relationships with leading companies in expanding industries.
• Product diversification to balance the portfolio and focus on higher return areas.
• Utilizing customer-centric business units to provide customized solutions.
• Leveraging global production to reduce obsolescence risk and secure the lowest landed costs.
• Offering systems assembly, direct-order fulfillment, and configure-to-order services.
• Offering design services to improve performance, cost, time-to-market, and manufacturability.
• Pursuing acquisition opportunities to complement current capabilities and diversify into new industry sectors.

Jabil also emphasizes continuous improvement in manufacturing processes, including automated continuous flow, computerized control and monitoring, and electronic supply chain management.

Jabil operates in the highly competitive electronic manufacturing services industry, facing competition from numerous domestic and foreign electronic manufacturing solutions providers, diversified manufacturing service providers, and design providers. Key competitive factors include cost, accelerated production time-to-market, higher efficiencies, global locations, rapid scaling of production, advanced technologies, quality, and improved pricing of components. The company also faces competition from the manufacturing operations of its current and potential customers. Jabil believes it is extremely competitive in these factors.

• Business and Operational Risks: Dependence on customer actions, difficulty forecasting customer orders, and managing rapid growth.
• Supply Chain Risks: Component shortages, price increases, and reliance on single-source suppliers.
• Customer Concentration Risks: Dependence on a limited number of customers, with potential adverse effects from reduced sales to any one of them.
• International Operations Risks: Challenges in staffing, compliance, and varying regulations, particularly in China.
• Technological and Competitive Risks: The need to keep pace with technological changes and competitive conditions, and the risk of competitors with greater resources.