JABIL (JBL) 10-K Summary — Year Ended Aug 31, 2024
Jabil Inc. reported a decline in annual revenue, while operating income and net income remained positive. The company faces risks from its debt levels and interest rate fluctuations.
Key takeaway
Year ended Aug 31, 2024 · FY2025 10-K
Jabil Inc. reported a decline in annual revenue, while operating income and net income remained positive. The company faces risks from its debt levels and interest rate fluctuations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$28.9B
Revenue reported for the fiscal year.
Operating income
$2B
Income from operations reported for the year.
Net income
$1.4B
Net income reported for the year.
Operating cash flow
$1.7B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 31, 2021 | $29.3B | n/a |
| Aug 31, 2022 | $33.5B | +14.3% |
| Aug 31, 2023 | $34.7B | +3.7% |
| Aug 31, 2024 | $28.9B | -16.8% |
Business overview
Jabil Inc. is a manufacturing services company that provides electronic design, production, and supply chain management. The company serves various industries including automotive, healthcare, and consumer electronics.
Financial performance
Annual revenue decreased compared to the prior year, while operating income and net income were reported. Operating cash flow was positive for the period.
Material risks
The company's debt levels could limit its ability to obtain future financing or respond to business changes. Interest rate fluctuations on borrowings may adversely affect financial condition.
Liquidity and capital
The company may need additional capital for acquisitions or investments, which could require increased borrowing or accessing debt and equity markets. There is no assurance that such financing would be available on acceptable terms.
What to watch
Monitor the company's ability to manage its debt service obligations and any changes in interest rates affecting borrowing costs.