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Jabil Announces New $1 Billion Share Repurchase Authorization

Since 2016, Jabil has returned approximately $2 billion to shareholders through both share repurchases and dividends.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Jabil Inc. announced that its Board of Directors has authorized a share repurchase program of up to $1 billion in common stock. The shares will be repurchased from time-to-time through fiscal year 2023 using various methods, including in the open market at the company’s discretion and subject to market conditions and other factors.

“This is continued evidence of our ongoing commitment to return capital to shareholders,” said CEO Mark Mondello. “This $1 billion authorization reflects our belief in Jabil’s ability to generate strong earnings and free cash flows.”

Since 2016, Jabil has returned approximately $2 billion to shareholders through both share repurchases and dividends. As part of this shareholder return framework, Jabil has repurchased 63.6 million shares at an average price of $28.73.

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