Jabil

Summary

Jabil Inc. provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA). It also provides three-dimensional mechanical design comprising the analysis of electronic, electro-mechanical, and optical assemblies, as well as various industrial design, mechanism development, and tooling management services. In addition, the company provides computer-assisted design services consisting of PCBA design, as well as PCBA design validation and verification services; and other consulting services, such as the generation of a bill of materials, approved vendor list, and assembly equipment configuration for various PCBA designs. Further, it offers product and process validation services, such as product system, product safety, regulatory compliance, and reliability tests, as well as manufacturing test solution development services. Additionally, the company provides systems assembly, test, direct-order fulfillment, and configure-to-order services. It serves 5G, wireless and cloud, digital print and retail, industrial and semi-cap, networking and storage, automotive and transportation, connected devices, healthcare and packaging, and mobility industries. The company was formerly known as Jabil Circuit, Inc. and changed its name to Jabil Inc. in June 2017. Jabil Inc. was founded in 1966 and is headquartered in Saint Petersburg, Florida.


History

 

The company's name derives from the first names of James Golden and William E. Morean, who together founded the company in 1966. Jabil was formally incorporated in Detroit, Michigan, in 1969. One of the early products it manufactured was PCBs.In the 1980s, the company was making parts for PC companies like Dell, and this continued through the mid-1990s.The company went public in 1993. In 1998, Jabil began trading publicly on the New York Stock Exchange under ticker symbol JBL. The company was then added to the S&P 500 Index in 2001. In 2014, the company was moved from the S&P 500 Index to the S&P MidCap 400 Index. On March 1, 2013, Jabil appointed William E. Peters as president and William D. Muir Jr. as chief operating officer. Both had been with Jabil for more than 20 years. On the same day, Mark Mondello was appointed CEO, replacing Timothy Main, elected chairman of the board of directors. The appointments were sparked by the retirement of board chairman William D. Morean, the son of one of the Jabil founders.In 2017, Jabil announced that it would be closing its first European international plant in Livingston, UK, by the end of the year. Two hundred sixty-six employees in Livingston would lose their jobs. Jabil laid off approximately 400 people in September of 2016, 100 of those being corporate employees located in St. Petersburg Florida.


Mission

At Jabil we strive to make ANYTHING POSSIBLE and EVERYTHING BETTER.


Vision

Our vision is to be the most technologically advanced and trusted manufacturing solutions provider. We combine an unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights and global product management expertise to enable success for the world’s leading brands. We are driven by a common purpose to make a positive impact for each other, our communities, and the environment.


Key Team

Mr. Kenneth S. Wilson (Exec. VP & CEO of Jabil Green Point)

Ms. Jean Kneisler (CTO & VP)

Mr. Gerald Creadon Jr. (Exec. VP of Operations)

Ms. May Yee Yap (Sr. VP & Chief Information Officer)

Ms. Beth A. Walters (Sr. VP of Communications & Investor Relations)

Mr. Robert L. Katz (Chief Ethics & Compliance Officer, Exec. VP and Gen. Counsel)

Mr. Roberto Ferri (Sr. VP and Chief Sales & Marketing Officer)


References
Jabil
Leadership team

Mr. Michael Dastoor (Exec. VP & CFO)

Mr. Steven D. Borges (Exec. VP & CEO of Diversified Manufacturing Services)

Products/ Services
Electronics, Hardware, Manufacturing
Number of Employees
Above 50,000
Headquarters
St. Petersburg, Florida, United States
Established
1966
Company Registration
SEC CIK number: 0000898293
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
NYSE:JBL
Social Media
Thu Feb 29 2024
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