WASHINGTON (dpa-AFX) - Jabil Inc. (JBL) announced the closing of the
transaction to divest its Mobility business to BYD Electronic. With the
transaction closing earlier, Jabil now expects the midpoint of the prior
guidance range for net revenue and core earnings per share for the second
quarter to be lower by approximately $400 million and $0.30, respectively, which
aligns with the guidance issued on first quarter earnings call.

For the second quarter, the company now expects core earnings per share in a
range of $1.43 - $1.83. Prior guidance range was $1.73 - $2.13. Net revenue is
now projected in a range of $6.6 billion - $7.2 billion. Previously, the
guidance range was $7.0 billion - $7.6 billion.

CFO Mike Dastoor said: 'The earlier close and receipt of funds will enable us to
begin initiating plans to reduce stranded costs and executing a series of
accelerated buybacks throughout fiscal 2024. As a result, we expect to fully
utilize our current $2.5 billion dollar repurchase authorization this fiscal
year. These actions give me confidence that we will be able to offset lower
income in Q2 and deliver core earnings for fiscal 2024 in excess of $9 per
share.'

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