JBL - no mention of solar in their profile?
Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions worldwide. It offers electronics and mechanical design, production, product management, and after-market services to companies in the aerospace, automotive, computing, consumer, defense, industrial, instrumentation, medical, networking, peripherals, storage, and telecommunications industries. The company?s services comprise integrated design and engineering; component selection, sourcing, and procurement; automated assembly; design and implementation of product testing; parallel global production; enclosure services; and systems assembly, direct-order fulfillment, and configure-to-order services. It also offers cell phones and mobile products, televisions, set-top boxes, as well as peripheral products, such as printers; and aftermarket services consisting of warranty and repair services. The company was founded in 1966 and is headquartered in St. Petersburg, Florida.
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Market Cap (intraday)5: 1.45B (at 7.03 pps)
Revenue (ttm): 12.79B
Total Cash (mrq): 579.88M
Total Debt (mrq): 1.33B
Shares Outstanding5: 206.41M
Float: 180.06M
% Held by Insiders1: 10.83%
% Held by Institutions1: 85.70%
Shares Short (as of 10-Dec-08)3: 6.83M
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Wednesday, December 24, 2008
Jabil to manufacture solar panels for Canadian company
Tampa Bay Business Journal - by Michael Hinman Staff writer
Revenue steady but profit drops at Jabil Circuit
Jabil Circuit Inc. has signed a long-term agreement with Day4 Energy Inc. in Burnaby, British Columbia, to produce photovoltaic modules used in solar power energy production.
Terms of the deal were not disclosed, but with the purchase of manufacturing equipment from Day4 and the capital advantage of outsourcing the manufacturing could earn the solar power company an additional $26.6 million (JBL's rev's are 1.5B) boost to its balance sheets in 2009, said Day4 president George Rubin in a conference call with reporters.
“Day4 will provide the solar cells based on our proprietary designs, and Jabil’s manufacturing expertise and supply chain power will allow us to enhance the efficiencies of photovoltaic module manufacturing,” said Rubin said in a release.
Day4 Energy is Canada’s largest manufacturer of high-performance photovoltaic modules for residential, commercial and utility scale installations around the world. Jabil (NYSE: JBL) will use equipment purchased from Day4 to manufacture and supply photovoltaic modules under the Day4 Energy brand for residential and commercial applications.
Day4 reported a loss of $1.4 million, or 4 cents per share, in the most recent quarter ended Sept. 30 on revenue of $26.1 million. Rubin said in a conference call that the deal with Jabil could reduce its encapsulation, or integrated circuit packaging, costs by 30 percent.
Jabil reported a net income of $46.2 million, or 22 cents per share, in the first fiscal quarter ended Nov. 30 on revenue of $3.38 billion. Jabil shares were trading at $5.98 as of 1 p.m. Wednesday, down more than 1 percent from its previous day close of $6.05. Shares had traded as high as $18.78 over the past year.
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11/25/08
The Securities and Exchange Commission won’t take any action against Jabil Circuit Inc. after a two-year investigation into stock-option backdating claims.
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Friday, December 19, 2008
Revenue steady but profit drops at Jabil Circuit
Tampa Bay Business Journal
Administrative expenses jumped 13 percent cutting down on profit at Jabil Circuit Inc. as the St. Petersburg electronics and equipment manufacturer reports fiscal first quarter results.
Jabil (NYSE: JBL) had a net income of $46.2 million, or 22 cents per share, in the quarter ended Nov. 30. Revenue climbed slightly from $3.37 billion in 2007 to $3.38 billion last quarter. However, profits were down year over year by 25 percent from $62 million, or 30 cents per share, in 2007.
The second quarter won’t see revenue quite as high, as Jabil is expecting to earn between $2.8 billion and $3 billion, according to documents filed with the Securities and Exchange Commission. That would be slightly lower than the $3.1 billion the company earned in the second fiscal quarter of 2008.
“We are taking a conservative position regarding demand for our second quarter,” Jabil president and chief executive Tim Main said in a release. “Although end markets are weak, the opportunity to expand our market share in targeted areas is very good. We intend to capitalize on the present opportunities to ensure a more robust future when end markets stabilize and the recovery cycle begins.”
Main said he expects earnings per share in the second quarter will range from 12 cents to 16 cents, a turnaround from the 12 cents loss in the second quarter of 2007.
Jabil shares were trading at $6.33 as of 9:43 a.m. Friday, down 2 percent from its previous close of $6.46. Stock for the company had traded as high as $18.78 over the past year.
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Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions worldwide. It offers electronics and mechanical design, production, product management, and after-market services to companies in the aerospace, automotive, computing, consumer, defense, industrial, instrumentation, medical, networking, peripherals, storage, and telecommunications industries. The company?s services comprise integrated design and engineering; component selection, sourcing, and procurement; automated assembly; design and implementation of product testing; parallel global production; enclosure services; and systems assembly, direct-order fulfillment, and configure-to-order services. It also offers cell phones and mobile products, televisions, set-top boxes, as well as peripheral products, such as printers; and aftermarket services consisting of warranty and repair services. The company was founded in 1966 and is headquartered in St. Petersburg, Florida.
------------
Market Cap (intraday)5: 1.45B (at 7.03 pps)
Revenue (ttm): 12.79B
Total Cash (mrq): 579.88M
Total Debt (mrq): 1.33B
Shares Outstanding5: 206.41M
Float: 180.06M
% Held by Insiders1: 10.83%
% Held by Institutions1: 85.70%
Shares Short (as of 10-Dec-08)3: 6.83M
-----------
Wednesday, December 24, 2008
Jabil to manufacture solar panels for Canadian company
Tampa Bay Business Journal - by Michael Hinman Staff writer
Revenue steady but profit drops at Jabil Circuit
Jabil Circuit Inc. has signed a long-term agreement with Day4 Energy Inc. in Burnaby, British Columbia, to produce photovoltaic modules used in solar power energy production.
Terms of the deal were not disclosed, but with the purchase of manufacturing equipment from Day4 and the capital advantage of outsourcing the manufacturing could earn the solar power company an additional $26.6 million (JBL's rev's are 1.5B) boost to its balance sheets in 2009, said Day4 president George Rubin in a conference call with reporters.
“Day4 will provide the solar cells based on our proprietary designs, and Jabil’s manufacturing expertise and supply chain power will allow us to enhance the efficiencies of photovoltaic module manufacturing,” said Rubin said in a release.
Day4 Energy is Canada’s largest manufacturer of high-performance photovoltaic modules for residential, commercial and utility scale installations around the world. Jabil (NYSE: JBL) will use equipment purchased from Day4 to manufacture and supply photovoltaic modules under the Day4 Energy brand for residential and commercial applications.
Day4 reported a loss of $1.4 million, or 4 cents per share, in the most recent quarter ended Sept. 30 on revenue of $26.1 million. Rubin said in a conference call that the deal with Jabil could reduce its encapsulation, or integrated circuit packaging, costs by 30 percent.
Jabil reported a net income of $46.2 million, or 22 cents per share, in the first fiscal quarter ended Nov. 30 on revenue of $3.38 billion. Jabil shares were trading at $5.98 as of 1 p.m. Wednesday, down more than 1 percent from its previous day close of $6.05. Shares had traded as high as $18.78 over the past year.
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11/25/08
The Securities and Exchange Commission won’t take any action against Jabil Circuit Inc. after a two-year investigation into stock-option backdating claims.
----
Friday, December 19, 2008
Revenue steady but profit drops at Jabil Circuit
Tampa Bay Business Journal
Administrative expenses jumped 13 percent cutting down on profit at Jabil Circuit Inc. as the St. Petersburg electronics and equipment manufacturer reports fiscal first quarter results.
Jabil (NYSE: JBL) had a net income of $46.2 million, or 22 cents per share, in the quarter ended Nov. 30. Revenue climbed slightly from $3.37 billion in 2007 to $3.38 billion last quarter. However, profits were down year over year by 25 percent from $62 million, or 30 cents per share, in 2007.
The second quarter won’t see revenue quite as high, as Jabil is expecting to earn between $2.8 billion and $3 billion, according to documents filed with the Securities and Exchange Commission. That would be slightly lower than the $3.1 billion the company earned in the second fiscal quarter of 2008.
“We are taking a conservative position regarding demand for our second quarter,” Jabil president and chief executive Tim Main said in a release. “Although end markets are weak, the opportunity to expand our market share in targeted areas is very good. We intend to capitalize on the present opportunities to ensure a more robust future when end markets stabilize and the recovery cycle begins.”
Main said he expects earnings per share in the second quarter will range from 12 cents to 16 cents, a turnaround from the 12 cents loss in the second quarter of 2007.
Jabil shares were trading at $6.33 as of 9:43 a.m. Friday, down 2 percent from its previous close of $6.46. Stock for the company had traded as high as $18.78 over the past year.
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