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About Jabil Inc.

Jabil Inc. 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. US-based Jabil operates more than 100 plants in about 30 countries with international customers accounting for about 90% of sales.


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

The EMS segment (about 55% of revenue) focuses on IT, supply chain design, and engineering for all things electronic. The products Jabil makes for its customers are used in the automotive, digital home, industrial and energy, networking and telecommunications, point of sale, printing, and storage businesses.

The DMS segment (about 45% of revenue) focuses on manufacturing services for material sciences and technologies. It works with customers to develop and manufacture products for consumer wearable technologies, defense and aerospace, emerging growth, healthcare, mobility, and packaging.

Geographic Reach

Jabil has manufacturing plants in the US, Canada, and Mexico, as well as Europe, Asia, South Africa, Asia, and South America.

Singapore and China are its largest markets, accounting for about 35% and more than 20% of sales, respectively. Mexico accounts for about 15% of revenue.

Sales and Marketing

Jabil 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 (about 30% 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’s string of annual revenue increases continued for a fourth year in 2018 (ended August) with a 16% jump from 2017.

The company reported sales of $22.1 billion in 2018, up $3.1 billion from 2017, propelled by a 23% increase in the DMS segment on strong demand from mobility customers and higher sales to existing healthcare customers. The EMS segment’s revenue rose 11% year-to-year, boosted by customers in industrial and energy, digital home, and capital equipment.

The company’s profit fell to $86.3 million in 2018 from $129 million in 2017 due to a $142 million tax expense related to the US Tax Cuts and Jobs Act.

Jabil had about $1.3 billion in cash and equivalents in 2018 compared to $1.2 billion in 2017. Operations generated about $933 million in cash in 2018 while investing and financing activities used $798 million and $47 million, respectively.


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, continues to grow at better-than-expected levels.

Apple has been a long and profitable customer for Jabil, a key supplier for Apple’s iPhone. However, Apple warned that sales of its phones slowed in emerging markets, which would affect Jabil’s revenue.

Jabil implemented a restructuring program in 2017 to realign costs and consolidate manufacturing in lower cost areas. The program included job cuts and cost the company about $160 million in 2017 and about $37 million in 2018. 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 2017, Jabil acquired True-Tech Corp. to expand its capital equipment division. True-Tech specialized in high-precision machining, mechanical assembly, and clean room assembly for semiconductor and aerospace customers.

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.

Company Background

Jabil Circuit was named for founders James Golden and Bill Morean. The duo, who originally ran an excavation business, started Jabil in suburban Detroit in 1966 to provide assembly and reworking services to electronics manufacturers. Jabil incorporated in 1969 and began making printed circuit boards for Control Data Corporation (later renamed Control Data Systems) that year.

William D. Morean, the founder's son who had worked summers at Jabil while in high school, joined the company in 1977. The next year the younger Morean took over Jabil's day-to-day operations. The company had entered the automotive electronics business in 1976 through a $12 million contract with General Motors.

During the 1980s Jabil began building computer components, adding such customers as Dell, NEC, Sun Microsystems, and Toshiba. Jabil moved its headquarters to St. Petersburg, Florida, in 1983. William Morean became Jabil's chairman and CEO in 1988.

Jabil Inc.

Saint Petersburg, FL 33716-3718
Phone: 1 (727) 577-9749

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: JBL
Stock Exchange: , NYSE
Chairman: Timothy L. Main
CEO and Director: Mark T. Mondello
Vice Chairman: Thomas A. Sansone
Employees (This Location): 1,344
Employees (All Locations): 199,000

Major Office Locations

Saint Petersburg, FL

Other Locations

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