The following is a summary of the Jabil Inc. (JBL) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Jabil reported Q4 revenue of $7 billion, which was $364 million above the midpoint of the guidance range.

• Core operating income for Q4 was $401 million, or 5.8% of revenue, a solid improvement of 20 basis points compared to last year.

• Net interest expense was better than expected, coming in at $65 million due to strong working capital management.

• GAAP diluted earnings per share was $1.18, with core diluted earnings per share at $2.30, $0.07 above the midpoint of guidance.

• The adjusted free cash flow for the fiscal year was north of $1 billion, with cash balances at approximately $2.2 billion.

Business Progress:

• Jabil divested its Mobility business for $2.2 billion and returned the majority of these proceeds to shareholders through a buyback program.

• The company restructured organizationally to focus on three new segments: Regulated Industries, Intelligent Infrastructure, and Connected Living & Digital Commerce.

• Strong annual free cash flow and management's commitment to investment grade credit profile were highlighted.

Opportunities:

• Jabil has transitioned its financial reporting structure to better reflect its operation and enhance growth focusing on Regulated Industries, Intelligent Infrastructure, and Connected Living & Digital Commerce.

• Newly appointed CEO Mike Dastoor highlighted plans to maintain focus on profitable growth, leveraging global capacity and network of factories for recovery.

Risks:

• Some end markets like automotive and renewable energy noticed softness, affecting expectations slightly lower in certain segments.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.