20.05.2024 16:37:33 - dpa-AFX: Jabil Confirms Q3 Outlook; Withdraws FY25 Outlook; Appoints Michael Dastoor CEO, Gregory Hebard CFO

WASHINGTON (dpa-AFX) - Jabil Inc. (JBL) announced Monday it is confirming
the previously provided third-quarter guidance for net revenue of $6.2 billion
to $6.8 billion, earnings of $0.82 to $1.38 per share and core earnings of $1.65
to $2.05 per share.

On average, eight analysts polled by Thomson Reuters expected the company to
report earnings of $2.21 per share on revenues of $6.83 billion for the third
quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2025, the the Company is withdrawing its previously
provided guidance, given the current visibility in certain end markets, along
with the unanticipated CEO transition.

Separately, Jabil announced the appointment of Michael Dastoor, who has been
serving as Chief Financial Officer and Interim CEO, as Chief Executive Officer.
He succeeds Kenneth Wilson, who will no longer serve as Chief Executive Officer
or on Jabil's Board of Directors.

Gregory Hebard, most recently Senior Vice President, Treasurer, has been
appointed Chief Financial Officer.

These actions follow the completion of the investigation related to corporate
policies, which Jabil initially disclosed on April 18, 2024.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
JABIL DL-,001 886423 Frankfurt 104,200 25.06.24 08:19:59 -0,550 -0,53% 104,750 105,800 104,200 104,750

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