Jabil Authorizes $450 Million Share Repurchase
July 20 2017 - 4:02PM
Business Wire
Authorization Part of Previously Announced
Two-Year Capital Return Framework
Today, Jabil Inc. (NYSE:JBL), announced that its Board of
Directors has authorized a share repurchase program of up to $450
million worth of shares of the Company’s common stock. This share
repurchase program expires on August 31, 2018. The shares will be
repurchased from time-to-time through various methods, including in
the open market at the Company's discretion and subject to market
conditions and other factors.
Today’s announcement represents the second portion of the
previously announced two-year capital return framework designed to
return approximately 40 percent of cash flow from operations to
shareholders, not to exceed $1 billion, through dividends and share
repurchases. The Company's initial $400 million repurchase
authorization as part of this framework is anticipated to be
completed by August 31, 2017.
About Jabil:
Jabil (NYSE: JBL) is a product solutions company providing
comprehensive electronics design, production and product management
services. Offering complete product supply chain management from
facilities in 28 countries, Jabil provides comprehensive,
individualized-focused solutions to customers in a broad range of
industries. Further information is available on Jabil’s website:
jabil.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170720006178/en/
Jabil Inc.Beth Walters, 727-803-3511Senior Vice President,
Investor Relations & Communicationsbeth_walters@jabil.comorAdam
Berry, 727-803-5772Senior Director, Investor
Relationsadam_berry@jabil.com
Jabil (NYSE:JBL)
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