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ST. PETERSBURG, Fla. - Jabil Inc. (NYSE: JBL), a leading provider of manufacturing solutions with a market capitalization of $14.5 billion, announced Monday the appointment of Sujatha Chandrasekaran to its Board of Directors. According to InvestingPro data, the company maintains strong financial health with annual revenues of $27.45 billion. Chandrasekaran’s extensive experience in digital and information technology is expected to bring valuable insights to the company’s strategic direction.
Chandrasekaran has a distinguished career, having served as a senior executive in several global companies. Her most recent role was Senior Executive Vice President, Chief Digital and Information Officer at CommonSpirit Health. Prior to that, she held positions at Kimberly-Clark as Global Chief Digital and Information Officer, and at Walmart as Global Chief Technology and Data Officer.
With a track record of leading businesses across healthcare, retail, consumer, supply chain, and manufacturing with revenues from $3 billion to $500 billion, Chandrasekaran’s addition to Jabil’s Board is seen as a significant asset. Her leadership style and broad-based experience are anticipated to contribute to the company’s growth and commitment to stakeholders. InvestingPro analysis reveals that management has been actively buying back shares while maintaining a 20-year track record of consistent dividend payments, demonstrating strong shareholder commitment.
In addition to her executive roles, Chandrasekaran is active on the boards of American Eagle Outfitters, Brenntag SE, ATOS SE, Agendia, and Pando.AI. She is also the founder and board director of the T200 Foundation, which promotes the advancement of women in technology.
Jabil CEO Mike Dastoor expressed confidence in Chandrasekaran’s ability to provide invaluable perspective to the Board, particularly in areas such as portfolio strategy, finance management, and technology, data, and AI transformation.
Jabil, headquartered in St. Petersburg, Florida, is a global company with over 50 years of experience, providing engineering, supply chain, and manufacturing solutions to some of the world’s leading brands. The company operates over 100 sites worldwide and emphasizes sustainability and community engagement in its business practices. For detailed insights into Jabil’s performance and future prospects, investors can access comprehensive analysis and 12+ additional ProTips through InvestingPro’s exclusive research reports, which provide in-depth coverage of 1,400+ top US stocks.
This announcement is based on a press release statement from Jabil Inc.
In other recent news, Jabil has reported its second-quarter earnings for fiscal year 2025, exceeding market expectations. The company achieved an earnings per share (EPS) of $1.94, surpassing the forecasted $1.83, and reported revenue of $6.73 billion, which was higher than the anticipated $6.41 billion. Analysts at Raymond James have maintained a Strong Buy rating for Jabil, with a price target of $170, highlighting the company’s robust performance in areas such as Intelligent Infrastructure and Connected Living/Digital Commerce. Despite challenges in sectors like electric vehicles and renewable energy, Jabil’s strategic initiatives and recent program wins are expected to support mid-single-digit growth targets over the long term.
Jabil’s recent earnings call revealed that AI-related revenue is projected to grow significantly, with expectations to reach $7.5 billion for the fiscal year. The company continues to benefit from strong demand in cloud and data center infrastructure, as well as advancements in its silicon photonics capabilities. Additionally, Jabil maintains a strong cash position with $1.6 billion and anticipates adjusted free cash flow to exceed $1.2 billion for the year. The company’s leadership expressed optimism about their strategic positioning to meet market demands, particularly in AI and healthcare sectors.
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