Jabil sees FY24 core EPS $8.40, consensus $8.99

Sees FY24 revenue $28.5B, consensus $30.5B. Sees FY24 core operating margin 5.6%. Sees FY24 adjusted free cash flow at least $1B. “Fiscal year 24 was always going to be a transitional year for Jabil, one in which we successfully completed the largest transaction in the Company’s history with the mobility sale, and the subsequent efforts by our teams to optimize our footprint and cost structure for the go-forward Company,” said CEO Kenny Wilson. “As I think about exiting this fiscal year as a more streamlined Company, coupled with key opportunities across our diversified end-market portfolio, I am confident in our ability to expand margins year-on-year, while also delivering core EPS of $10.65 for FY25,” he added.