JBL - Tech Giant Jabil Adjusts Q2 FY24 Guidance Post Mobility Division Divestiture: Details | Benzinga
Jabil Inc (NYSE: JBL) revised its Q2 FY24 guidance post-completion of the divestiture of its Mobility business.
The company sold the business to BYD Co Ltd's (OTC: BYDDF) BYD Electronic (International) Company Limited for $2.2 billion.
CEO Kenny Wilson said, "We are pleased to successfully close this transformational deal and I am confident that this is the right step forward for Jabil. The net proceeds will enable us to enhance our shareholder-centric capital framework, including incremental share buybacks. Additionally, it will provide opportunities for further investment in key areas ...