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About Jabil Inc.

Jabil Inc. makes a jabillion different kinds of electronics. The company is one of the 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 defense and aerospace, capital equipment, cloud, computing and storage, automotive, industrial and energy, networking and telecommunications, print and retail, and smart home and appliances industries. Jabil also provides Diversified Manufacturing Services (DMS) that focuses in the edge devices and accessories, healthcare, mobility and packaging industries. The company's manufacturing and supply chain management services and solutions range from product innovation, design, planning, fabrication and assembly, delivery and managing the flow of resources and products. US-based Jabil operates in more than 100 sites 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 (more than 60% of revenue) focuses on IT, supply chain design, and engineering, technologies largely centered on core electronic. The products Jabil makes for its customers are used in the automotive and transportation, capital equipment, cloud, computing and storage, defense and aerospace, industrial and energy, networking and telecommunications, print and retail, and smart home and appliances industries.

The DMS segment (about 40% of revenue) focuses on manufacturing services for material sciences, technologies and healthcare. It works with customers to develop and manufacture products in the edge devices and accessories, healthcare, mobility, and packaging industries.

Geographic Reach

Headquartered in St. Petersburg, Florida, Jabil has manufacturing plants in the US, Canada, and Mexico, as well as Europe, Asia, South Africa, Asia, and South America. The company conducts operations in facilities that are located worldwide, including but not limited to, China, Hungary, Malaysia, Mexico, Singapore and the US.

Singapore and China are its largest markets, accounting for more than 25% and 20% of sales, respectively. Mexico accounts for about 20% of revenue.

Sales and Marketing

Jabil depends on a small number of customers for a significant percentage of revenue. Its top customer is Apple accounting for more than 20% of sales. In fiscal year 2019, the company's five largest customers accounted for more than 40% of the company's net revenue and approximately 85 customers accounted for approximately 90% of the company's net revenue.

The company also markets its services and solutions through its website and its Blue Sky Innovation Centers.

Financial Performance

Jabil's string of annual revenue increases continued for a fifth year in 2019 (ended August) with a 14% jump from 2018.

The company reported sales of $25.3 billion in 2019, up $3.2 billion from 2018. This was primarily due to the 26% increase in the EMS segment.

In 2019, net income attributable to Jabil totaled $287.1 million, a 233% growth from $86.3 million in 2018.

Jabil had about $1.2 billion in cash and equivalents in 2019 compared to $1.3 billion in 2018. Operations generated about $1.2 billion in cash in 2019 while investing and financing activities used $872.5 million and $415.8 million, respectively.


Jabil's vision for the future is to become the world's most technologically advanced manufacturing services and solutions provider. As it works to achieve its vision, it continues to pursue the following strategies:

Establishing and Maintaining Long-Term Customer Relationships. An important element of Jabil's strategy is to establish and maintain long-term relationships with leading companies in expanding industries with size and growth characteristics that can benefit from highly automated, continuous flow manufacturing on a global scale.

Product Diversification. The company focuses on balancing its portfolio of products and product families to those that align with higher return areas of its business, including manufacturing, supply chain management services, comprehensive electronics design, production and product management services. The company has made concentrated efforts to diversify its industry sectors and customer base.

Utilizing Customer-Centric Business Units. Most of the company's business units are dedicated to serve one customer each and operate by primarily utilizing dedicated production equipment, production workers, supervisors, buyers, planners and engineers to provide comprehensive manufacturing solutions that are customized to each customer's needs.

Leveraging Global Production. The company believes that global production is a key strategy to reduce obsolescence risk and secure the lowest possible landed costs while simultaneously supplying products of equivalent or comparable quality throughout the world.

Offering Systems Assembly, Direct-Order Fulfillment and Configure-to-Order Services. Jabil's systems assembly, direct-order fulfillment and configure-to-order services allow customers to reduce product cost and risk of product obsolescence by reducing total work-in-process and finished goods inventory.

Offering Design Services. The company offers a wide spectrum of value-add design services to achieve improvements in performance, cost, time-to-market and manufacturability.

Pursue Acquisition Opportunities Selectively. Traditionally, electronics manufacturing service companies have acquired manufacturing capacity from their customers to drive growth, expand their footprint and gain new customers.

Mergers and Acquisitions

In late-2019, Jabil completed the third closing of their acquisition of certain assets of JJMD for a cash payment of $117.1 million, primarily for inventory and the assumption of certain employee liabilities. The purchase price for the third closing is subject to certain post-closing adjustments based on conditions within the Framework Agreement.

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.

10560 Dr Mrtn Lther King
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): 200,000

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