About Jabil Inc.

Jabil Circuit makes a jabillion different kinds of electronics. The company is one of the leading providers of outsourced electronics manufacturing services (EMS) in the world. It makes electronics components and parts on a contract basis for computers, smartphones, printers, and other consumer electronics, as well as more complex, specialized products for the aerospace, automotive, and healthcare industries. The company's services range from product design and component procurement to product testing, order fulfillment, and supply chain management. Jabil Circuit operates more than 100 plants in about 30 countries.


Jabil Circuit conducts business in two segments: Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS).

The EMS segment (about 60% of revenue) focuses on IT, supply chain design, and engineering for all things electronic. Customers' products are used in applications for automotive, digital home, industrial and energy, networking and telecommunications, point of sale, printing, and storage.

The DMS segment (about 40% of revenue) focuses on manufacturing services for material sciences and technologies. It works with customers to develop and manufacture products for consumer lifestyles and wearable technologies, defense and aerospace, emerging growth, healthcare, mobility, and packaging.

Geographic Reach

Jabil Circuit's plants are in Argentina, Brazil, China, Finland, Hungary, India, Japan, Malaysia, Mexico, Poland, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, Ukraine, and Vietnam, as well as in Austria, Belgium, Canada, France, Germany, Ireland, Israel, Italy, Scotland, the Netherlands, and the US.

Singapore, and China are its largest markets, accounting for about 30% and about 20% of sales, respectively. Customers in Mexico and the US generate about 20% and less than 10% of revenue, respectively.

Sales and Marketing

Jabil Circuit depends on a small number of customers for a significant percentage of revenue - five customers account for just less than 50% of sales. Its top customer is Apple (25% of sales) and other significant customers are Cisco Systems, Dell Technologies, HP Inc., LM Ericsson, General Electric, Ingenico, NetApp, Valeo, and Zebra Technologies.

Financial Performance

Jabil Circuit posted a 4% revenue increase to about $19 billion in 2017 (ended August) from 2016. It was the third straight year of higher sales. A 9% revenue increase in the DMS segment drove the overall rise due to stronger sales in consumer lifestyles and wearable technologies, healthcare, and mobility. Most of the increases came from new business for existing customers. The EMS segment's revenue was flat year-to-year.

Jabil took about $160 million in restructuring charges in 2017, which cut its net income from 2016 in about half to about $129 million.

Cash flow from operations rose to $1.2 billion in 2017 from about $916 million in 2016. The company reported an increase in non-cash expenses, accounts payable, and accrued expenses and other liabilities. Those were somewhat countered by an increase in inventories and accounts receivable.


To compete in a rapidly consolidating industry, Jabil provides production on a global scale and operates through semi-autonomous business units that are dedicated to individual customers. The company continues to add services and to expand globally through acquisitions, including deals to acquire manufacturing operations from customers looking to reduce costs through outsourcing. The company tends to place manufacturing plants close to its customers.

Jabil had expanded its work in the health care device market and it has been a strong performer for the company. Operating income from production for health-related products, which include drug-delivery systems, has grown about 20% a year.

Apple has been a long and profitable customer for Jabil, and the company counts on that to continue in 2018. Jabil has been a key supplier for Apple's iPhone and that includes the iPhone 8 and X released in late 2017.

Jabil implemented a restructuring program in 2017 (ended August) to realign costs and consolidate manufacturing in lower cost areas. The program included job cuts and cost the company about $160 million in 2017. It plans to save up to $90 million a year with the moves.

Mergers and Acquisitions

Acquisitions have extended Jabil's product portfolio and its geographic reach.

In January 2016 Jabil acquired Inala, a South African energy products provider and systems integrator. The deal acquisition expanded Jabil's presence in the market for remote location energy products and marked its first venture in Africa.

In June 2015 Jabil acquired Clothing+, which makes the sensor fabric in the Victoria's Secret smart bra. It has been integrating electronics into textiles for almost two decades.

In August 2015, Jabil acquired Kasalis, which makes sophisticated systems used in the assembly high-precision optical equipment.

In 2015 Jabil's healthcare and packaging division, Nypro, acquired Plasticos Castella, a molder of plastic lids for condiments. Nypro's acquisition of Plasticos Castella expands smart packaging capabilities by combining design, engineering, and manufacturing facilities in Spain and Hungary with the services of Nypro's six North American plants.

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Jabil Inc.

10560 Dr Martin Luther King Jr St N
Saint Petersburg, FL 33716-3718
Phone: 1 (727) 577-9749


  • Employer Type: Public
  • Stock Symbol: JBL
  • Stock Exchange: NYSE
  • CEO and Director: Mark T. Mondello
  • CEO and Director: Mark T. Mondello
  • Vice Chairman: Thomas A. Sansone
  • 2017 Employees: 170,000

Major Office Locations

  • Saint Petersburg, FL

Other Locations

  • Anaheim, CA
  • Chula Vista, CA
  • San Jose, CA
  • Colorado Springs, CO
  • Grand Junction, CO
  • Atlanta, GA
  • Boise, ID
  • Chicago, IL
  • Hanover Park, IL
  • Louisville, KY
  • Devens, MA
  • Auburn Hills, MI
  • Mebane, NC
  • Poughkeepsie, NY
  • Memphis, TN
  • Laredo, TX
  • Contagem, Brazil
  • Manaus, Brazil
  • Valinhos, Brazil
  • Bengaluru, India
  • Kanchipuram, India
  • Mumbai, India
  • Pune, India
  • South Arcot, India
  • Taipei City, Taiwan
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