JABIL INC (JBL): restructuring charge — Jabil discloses estimated $300M restructuring costs; severance $150-180M

JABIL INC

Total pre-tax restructuring costs estimated at ~$300M for fiscal 2024.
Employee severance & benefits: $150M to $180M.
Asset write-off costs: $80M to $120M.
Contract termination and other costs: $30M to $40M.
Costs expected to be incurred over fiscal 2024; plan amends Oct 2023 8-K.

item 2.05

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.4

JABIL INC announced a restructuring with charges of approximately $300 million.

Type: restructuring
Charge: approximately $300 million

Exact text from the filing

The Company continues to expect the total amount of pre-tax restructuring and other related costs to be approximately $300 million, including the following estimated items: • $150 million to $180 million of employee severance and benefit costs; • $80 million to $120 million of asset write-off costs; and • $30 million to $40 million of contract termination costs and other related costs.

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Source: SEC EDGAR

accession 0001193125-24-068620

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