Printed electronics producer Jabil (JBL) manufactures thinner, lighter, and more flexible circuit assemblies for the production of highly integrated products. In March, the company pulled annual guidance due to the pandemic throughout Asia, the potential impact on the U.S., and concerns about the health of supply chains. Despite an earnings report in June that exceeded consensus expectations, the stock remains down ~20% YTD. Yet, the company is performing well and will generate significant free cash flow in FY2021.
Earnings (Q3: 3 months ended May 31, 2020)
Jabil's fiscal Q3 aligned with the worst