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Jabil reports nearly 29% revenue growth and 34% EPS growth
The company also said it expects free cash flow growth in the coming year, supporting continued share repurchases next year.
Jabil’s latest quarter came in ahead of expectations, delivering nearly 29% revenue growth and 34% EPS growth, according to MarketBeat Ratings.
The outlet attributes the double beat to AI demand that is lifting demand across Jabil’s product lines, while emphasizing that the company’s cash-generating capacity supports its shareholder returns.
MarketBeat Ratings also points to ongoing buybacks, noting about $1 billion in repurchases in the last fiscal year, which helped reduce the share count by 3.6%, and a free cash flow payout ratio of about 69%.
Looking ahead, MarketBeat Ratings says management forecasts free cash flow growth in the coming year, which it says could allow Jabil to accelerate buybacks and increase shareholder leverage.