Jabil Inc. (JBL) Q4 2022 Earnings Call Transcript

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Adam Berry

Good morning, and welcome to Jabil’s Fourth Quarter of Fiscal 2022 Earnings Call and Fifth Annual Investor Briefing. My name is Adam Berry. I am Head of Investor Relations at Jabil. And I represent a team here that’s pretty excited to share our 2022 results with you today while also providing additional detail around our focus and outlook as typical for our September call.

In terms of agenda over the next 60 minutes or so, we aim to accomplish the following: discuss the trends underway within the end markets we serve, review our fourth quarter and fiscal year ‘22 results, provide first quarter guidance, offer our fiscal ‘23 outlook that includes enterprise level growth while also remaining sensible and grounded given the realities of the dynamic global macro environment surrounding us today.

And finally, we will refresh our capital allocation and shareholder return policies. And most importantly, as our session unfolds, I hope that we are able to provide you with further perspective on Jabil, which I believe is uniquely positioned to grow and win in environment where supply chain and global manufacturing capabilities have never been so important.

Joining me on today’s call is Mike Dastoor, our Chief Financial Officer; and Mark Mondello, our Chairman and CEO, who together account for over 50 years of Jabil experience. And importantly, when you think about their respective tenures, you can’t help but also think about how they have guided Jabil through periods of economic expansion and times where macro conditions were a bit more challenged, a tenure that gives me great confidence as we move into fiscal ‘23.

So with that, there is just one more housekeeping item before we begin. Please note the following. During today’s presentation, we will be making forward-looking statements, including, among other things, those regarding the anticipated outlook for our business such as our currently expected first quarter and fiscal year net revenue, earnings and cash flow. These statements are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. An extensive list of these risks and uncertainties are identified in our annual report on Form 10-K for the fiscal year ended August 31, 2021 and other filings. Jabil disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.