Jabil Inc. (NYSE:JBL) Q3 2024 Earnings Call Transcript June 20, 2024 8:30 AM ET

Company Participants

Adam Berry - VP of IR
Greg Hebard - CFO
Mike Dastoor - CEO

Conference Call Participants

Ruplu Bhattacharya - Bank of America Merrill Lynch
Steven Fox - Fox Advisors
George Wang - Barclays
Matt Sheerin - Stifel
Mark Delaney - Goldman Sachs

Operator

Greetings, and welcome to the Jabil Third Quarter of Fiscal Year 2024 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Adam Berry, Vice President of Investor Relations. Thank you. You may begin.

Adam Berry

Good morning, and thank you for joining Jabil's third quarter fiscal 2024 earnings call. Joining me on today's call are Chief Financial Officer, Greg Hebard, and Chief Executive Officer, Mike Dastoor. Over the next few minutes, we will review the following. Review our Q3 results, provide an update on current demand, and preview our seventh annual virtual investor briefing.

Before we begin, please note that today's call is being webcast live. And during our prepared remarks, we will be referencing slides. To follow along with the slides, please visit jabil.com within the Investor Relations portion of the website. At the conclusion of today's call, the entirety of today's presentation will be posted for audio playback. I'd now ask that you view the slides on the website and follow along with our presentation, beginning with the forward-looking statement.

During this conference call, we will be making forward-looking statements, including among other things, those regarding the anticipated outlook for our business. 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 31st, 2023 and other filings with the SEC. 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.

With that, I'll now hand the call over to Greg.

Greg Hebard

Thanks, Adam. Good morning, everyone. It's a great privilege to be a part of the call today. I'd like to begin this morning by walking through our third quarter results, where the team delivered approximately $6.8 billion in revenue, $265 million above the midpoint of the guidance range on better-than-expected growth in our connected devices and networking and storage end markets.