Jabil announces $1B share repurchase authorization

Jabil (JBL) announced that its Board of Directors has authorized a share repurchase program of up to $1B 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. “One of our top capital allocation priorities is returning value to shareholders through share repurchases,” said CEO Mike Dastoor. “This new authorization reflects our confidence in the strength and resilience of our diversified business portfolio, our ability to generate consistent cash flow, and our disciplined commitment to long-term value creation.”