$301.450
-10.400 (-3.45%)At close
JBL News
JBL Events
Cardinal Health and Others See Morning Gains
Notable gainers among liquid option names this morning include Cardinal Health (CAH) $248.22 +11.04, KKR (KKR) $108.20 +4.37, Jabil Circuit (JBL) $350.53 +13.90, Ares Management (ARES) $143.09 +5.43, and Teradyne (TER) $378.45 +13.35.
Jabil Opens Logistics Hub in Penang
Jabil has opened its logistics hub in Penang. Jabil's new hub spans around 417,000 square feet and is located in the Valdor Industrial Park in Sungai Jawi, Penang. The digitalized facility is set to boost the company's back-end operations and support customers' product complexity and capacity demands using AI-enabled capabilities to streamline inventory management, enhance traceability and tracking, deploy autonomous robots, and more.
Jabil Authorizes Share Repurchase Program Up to $1.5B
Jabil announced that its board of directors has authorized a share repurchase program of up to $1.5B in common stock. The shares will be repurchased from time to time using various methods, including in the open market at the company's discretion and subject to market conditions. "Share repurchases remain one of the top priorities of Jabil's capital allocation strategy," said CEO Mike Dastoor. "This new authorization reflects our confidence in the cash-generating power of the business, the strength of our balance sheet, and our ability to invest in attractive growth opportunities while continuing to return capital to shareholders."
Badger Technologies Appoints John Gehre as CEO
Badger Technologies, a product division of Jabil, announced the appointment of retail industry veteran John Gehre as Chief Executive Officer, alongside expanded leadership roles for Chris Green and Paul Ambruso, and the formation of the company's inaugural Strategic Advisory Board. Gehre brings more than 25 years of executive leadership experience spanning merchandising, inventory management, supply chain and store operations for top retailers, including Bass Pro Shops, Michaels, The Container Store and H-E-B. As CEO, Gehre will lead Badger Technologies' next phase of growth, focused on accelerating innovation across the robotics and AI capabilities that power the company's retail intelligence solutions, strengthening customer relationships and expanding adoption of its platform across the retail industry. Badger Technologies also announced expanded leadership roles for Chris Green and Paul Ambruso. Together, Green and Ambruso bring deep expertise spanning commercial strategy, customer engagement, robotics, AI and product innovation, helping position the company to scale its retail intelligence platform and meet growing demand from retailers. Badger Technologies also announced expanded leadership roles for Chris Green and Paul Ambruso. Together, Green and Ambruso bring deep expertise spanning commercial strategy, customer engagement, robotics, AI and product innovation, helping position the company to scale its retail intelligence platform and meet growing demand from retailers. Badger Technologies also announced expanded leadership roles for Chris Green and Paul Ambruso. Together, Green and Ambruso bring deep expertise spanning commercial strategy, customer engagement, robotics, AI and product innovation, helping position the company to scale its retail intelligence platform and meet growing demand from retailers.
Jabil Opens New Factory in Pune, India; Workforce Grows to 11,000
Jabil announced the opening of a new factory in Pune, India. "Located in the Maharashtra Industrial Development Corporation industrial zone, this facility is the latest addition to Jabil's India footprint, which has grown from 500,000 square feet to 1.2 million square feet over the past year. This ongoing growth has also increased Jabil's regional headcount from 5,000 to almost 11,000 employees," the company said. Andy Priestley, Jabil's Executive Vice President of Operations, said: "This new facility will help us bring together more skilled manufacturing talent and engineering capability to build the highest quality products with speed at scale. As we continue developing our people here in Pune, we're strengthening Jabil's ability to execute consistently in India."
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