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JBL

Jabil Circuit Inc.

5/24/2013, 12:55 AM ET

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Tuesday, April 16, 10:07 AM Jabil Circuit (JBL) declares $0.08/share quarterly dividend, in line with previous. Forward yield 1.84%. For shareholders of record May 15. Payable June 03. Ex-div date May 13. (PR) Comment! [Dividends]
Thursday, March 21, 2:44 PM Production of a cheaper iPhone will likely start in June, says Jefferies' Peter Misek in an afternoon note that's helping Apple (AAPL +0.7%) outperform. Foxconn and Jabil (JBL) are expected to provide plastic cases. Misek and other sell-side analysts have already predicted a less costly iPhone will arrive this year, though some claim its case will use a composite rather than plastic. Meanwhile, Apple received top marks in J.D. Power's U.S. smartphone satisfaction study for the 9th straight time - its score of 855 is slightly above a prior 849, and well above an average of 796. 21 Comments [Tech]
Wednesday, March 20, 4:58 PM More on Jabil: FQ3 guidance is for revenue of $4.3B-$4.5B and EPS (exc. charges) of $0.50-$0.60, below a consensus of $4.5B and $0.61. The macro environment is called "obviously challenging." Jabil's High Velocity sales (includes some mobile manufacturing) fell 15% Y/Y in FQ2. Enterprise & Infrastructure +15% and Diversified Manufacturing Services +11%. Gross margin was 7.3%, -30 bps Y/Y. JBL -3% AH. (PR) Comment! [Tech, Earnings]
Wednesday, March 20, 4:04 PM Jabil Circuit (JBL): FQ2 EPS of $0.53 misses by $0.01. Revenue of $4.4B (+4.3% Y/Y) beats by $0.02B. Shares -1.9% AH. (PR) Comment! [Earnings, Breaking News, Tech, On the Move]
Wednesday, March 20, 12:10 AM Notable earnings after Wednesday’s close: GES, JBL, ORCL, PSUN, SVM Comment! [Earnings]
Tuesday, March 19, 5:35 PM Notable earnings after Wednesday’s close: GES, JBL, ORCL, PSUN, SVM Comment! [Earnings]
Friday, March 15, 10:22 AM More on Apple: KGI Securities' Ming-Chi Kuo, who has been pretty accurate with his iScoops, has become the latest to predict a cheaper iPhone is arriving this year. He claims the device will have a 4" display and rely on a "super-thin plastic casing mixed with glass fiber." Foxconn and Jabil (JBL) are among the companies reportedly contracted to make the phone. Sterne Agee's Shaw Wu, who has cut his PT to $630 from $715 on signs of iPhone build order cuts, also expects a less costly iPhone made of "composite material casing." (plastic iPhone patent) 16 Comments [Tech]
Thursday, February 14, 10:40 AM UPS (UPS +0.1%) will partner with Jabil (JBL -0.6%) to provide reverse logistics services on returns and repairs for tech firms. Jabil has 55 service centers in 21 countries which complements the 1.8M global UPS pick-up locations in selling their combined services to major companies. 1 Comment [Consumer, Tech]
Tuesday, February 5, 10:49 AM Fabrinet (FN +6.7%) is rallying following its FQ2 beat, and is lifting both fellow contract manufacturers and the company's optical component industry clients along the way. SANM +3.2%. JBL +2.1%. FLEX +2.1%. BHE +4.5%. JDSU +2.3%. FNSR +4%. OCLR +1.9%. The gains come even though Fabrinet is guiding for FQ3 revenue of $147M-$151M and EPS of $0.29-$0.31, below a consensus of $161.7M and $0.37. Optical component stocks have been on a tear lately. Comment! [Tech, On the Move, Earnings]
Monday, February 4, 10:14 AM Jabil (JBL -0.4%) tries to diversify by acquiring Nypro, a contract manufacturer of precision plastic products, for $665M in cash. Whereas Jabil is dependent on IT and consumer electronics markets (many of which are slumping), Nypro gets much of its $1B+ in annual sales from medical devices and consumer goods. Also, Nypro's injection molding expertise could be of value in other markets. The deal is expected to be "neutral to slightly accretive" to FY13 EPS, and accretive to FY14 EPS. A CC is underway (webcast). Comment! [Tech, M&A]
Thursday, January 24, 1:31 PM Jabil Circuit (JBL) declares $0.08/share quarterly dividend, in line with previous. Forward yield 1.60%. For shareholders of record Feb. 15. Payable Mar. 01. Ex-div date Feb. 13. (PR) 1 Comment [Dividends]
Monday, December 24, 2012, 11:51 AM Printed circuit board makers posted their second-lowest November book-to-bill ratio for the last decade, according to trade group IPC. Consider that one more sign broader consumer electronics/IT hardware demand remains soft in spite of the smartphone/tablet boom. The data leads Topeka's Brian White to think contract manufacturers such as Jabil (JBL), Flextronics (FLEX), and Sanmina (SANM) will continue having a hard time. (NPD data) 2 Comments [Tech]
Thursday, December 20, 2012, 9:10 AM Premarket gainers: ROMA +57%. NYX +40%. ELOQ +30%. RAD +16%. ILMN +9%. VVUS +8%. NDAQ +7%. ARRS +6%. ICE +6%. JBL +5%.
Losers: FOLD -44%. MDRX -16%. OSIR -10%. NBG -5%. BBBY -5%. 2 Comments [On the Move]
Wednesday, December 19, 2012, 5:40 PM After-hours top gainers, as of 5:15 p.m.: SD +8%. APOL +7%. TTWO +6%. JBL +6%. GNCMA +5%.
After-hours top losers: FOLD -52%. RGR -7%. VRTX -6%. HMA -5%. ACN -5%. 3 Comments [On the Move]
Wednesday, December 19, 2012, 5:35 PM More on Jabil: FQ2 guidance is for revenue of $4.3B-$4.5B and EPS of $0.50-$0.58 vs. a consensus of $4.38B and $0.59. A 20% Y/Y increase in diversified manufacturing services, including a 51% increase for the Specialized Services sub-unit, fueled the beat. Tero Kuittinen wonders if this was due to RIM (a Jabil client) transferring orders from Celestica. Enterprise/infrastructure services +17%, High Velocity sales -20%. $129M in shares repurchased. JBL +5.8% AH. FLEX +0.8%. (PR) Comment! [Tech, Earnings]
Wednesday, December 19, 2012, 4:04 PM Jabil Circuit (JBL): FQ1 EPS of $0.61 beats by $0.05. Revenue of $4.6B beats by $190M. (PR) Comment! [Earnings, Tech]