---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-305726"
form_type: "8-K"
ticker: "JBL"
cik: "0000898293"
company_name: "JABIL INC"
filed_at: "2023-12-29T23:59:59+00:00"
generated_at: "2026-06-07T06:12:13.340346+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Jabil closes $2.2B sale of mobility business to BYD Electronic, updates FY2024 outlook

## Summary
- Transaction completed Dec 29, 2023, for $2.2B in cash; net proceeds to fund buybacks and investments.
- Q2 FY2024 net revenue guidance reduced by ~$400M midpoint to $6.6B-$7.2B; core EPS midpoint down ~$0.30.
- Full FY2024 core diluted EPS still expected >$9.00 per share; core operating margin 5.3%-5.5% reaffirmed.
- Company expects to fully utilize $2.5B share repurchase authorization in FY2024.
- CEO Kenny Wilson says divestiture is transformational and right step for Jabil.

## SEC filing metadata
- accession: 0001193125-23-305726
- form_type: 8-K
- ticker: JBL
- cik: 0000898293
- company_name: JABIL INC
- filed_at: 2023-12-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/898293/000119312523305726/0001193125-23-305726-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/898293/000119312523305726/d693093d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-305726
- JSON: https://secwatch.observer/filing/0001193125-23-305726.json
- Plain text: https://secwatch.observer/filing/0001193125-23-305726.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.