-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueMaterial Matters
Materials management is nuanced, multifaceted, and requires a holistic systems approach for business success. When building high mix, low volume, and high technology, managing materials and overall cost containment are even greater challenges.
Additive Manufacturing
In this month’s issue, we explore additive manufacturing technology for the PCB fabricator: where it stands today, the true benefits, and where it seems to be headed.
The Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
Jabil Reiterates Fiscal Year 2024 Guidance
May 24, 2024 | JabilEstimated reading time: 1 minute
Jabil Inc. announced it is confirming its previously provided third quarter of fiscal year 2024 guidance for net revenue of $6.2 billion to $6.8 billion, U.S. GAAP operating income of $221 million to $301 million, U.S. GAAP diluted earnings per share of $0.82 to $1.38, core operating income of $325 million to $385 million, and core diluted earnings per share of $1.65 to $2.05. A reconciliation of U.S. GAAP to non-GAAP measures can be found on Form-8K filed on March 15, 2024.
“I’m pleased with how our team has executed this quarter under very dynamic market conditions. FY24 has been a year of change for Jabil, as we divested our Mobility business and plan to utilize most of the net proceeds to repurchase shares. Meanwhile, some of our end markets such as renewables, 5G, semi-cap, and electric vehicles have weakened,” said CEO Mike Dastoor.
“Even with all these moving parts, we feel confident that we will deliver core margins of 5.6% and core diluted earnings per share of $8.40 in FY24, while also generating more than $1 billion in adjusted free cash flow. All in all, to see our FY24 margins and free cash flow hold up in the face of lower volumes and revenue speaks to the strength of our business,” he added.
Fiscal 2025 Outlook:
Given the current visibility in certain end markets, along with the unanticipated CEO transition, the Company is withdrawing its previously provided fiscal year 2025 guidance.
“Despite short-term challenges, I remain optimistic about Jabil’s future, thanks to our talented team and the depth of our bench strength. We are in a good position to seize opportunities in secular growth areas like AI data center hardware, power and energy infrastructure, software-defined electric and hybrid vehicles, and healthcare. Our strong margins and free cash flow give me confidence in our ability to invest in profitable future growth and continue to return capital to shareholders,” Dastoor concluded.
Suggested Items
Berg Insight Expects Rapid Adoption of Embedded Two-Wheeler OEM Telematics Systems in the Coming Years
06/24/2024 | Berg InsightAccording to a new market research report from the IoT analyst firm Berg Insight, the number of active two-wheeler OEM telematics systems will grow at a CAGR of 37.1 percent from 11.1 million in 2023 to reach 53.8 million in 2028.
Report: Elite Material Co. Investing RM900 Million in Penang Facility
06/21/2024 | I-Connect007 Editorial TeamAccording to reports, Elite Material Co. (EMC), a copper-clad laminate manufacturer based in Taiwan, is investing RM900 million (US$191 million) in its Penang Science Park North facility. The first of two phases of construction on the 13-acre site is expected to be completed in the first half of 2025, and production should begin in Q2 of next year.
Compeq Hits Fifth Straight Month of YoY Growth
06/19/2024 | CompeqTaiwanese PCB manufacturer Compeq Manufacturing Co. Ltd posted May 2024 sales of NT$5.7 billion ($176 million), up by 20.4% year-on-year (YoY). Despite declining by 2.65% from the previous month, Compeq's May sales is the company's fifth straight month of registering year-on-year growth.
Omdia: Mini LED backlight LCD display expected to surpass OLED display in 2025
06/19/2024 | PRNewswireAccording to the latest Omdia Mini LED Backlight Market Tracker, LCD TV display equipped with mini-LED backlight unit will be reaching 6.2 million units in 2024. During the same year,
Global Semiconductor Fab Capacity Projected to Expand 6% in 2024 and 7% in 2025
06/18/2024 | SEMITo keep pace with unremitting growth in demand for chips, the global semiconductor manufacturing industry is expected to increase capacity by 6% in 2024 and post a 7% gain in 2025, reaching a record capacity high of 33.7 million wafers per month (wpm: 8-inch equivalent), SEMI announced today in its latest quarterly World Fab Forecast report.