Jabil’s board of directors authorized a new share repurchase program for up to $1.5 billion of common stock. The company plans to execute buybacks through various methods, including open-market purchases, depending on market conditions.
CEO Mike Dastoor said the authorization signals confidence in Jabil’s cash flow and balance sheet strength. The program allows the company to invest in growth while maintaining its capital allocation strategy.
This move continues a history of significant shareholder returns. Jabil has returned approximately $8 billion to investors through buybacks and dividends since 2016.