Jabil Inc. Reports Fiscal Year 2023 Net Income of $818 Million
The global manufacturing solutions provider announces annual revenue of $34.7 billion.
Jabil Inc.(JBL), a leading globa l manufacturing solutions provider, has released its financial results for the fiscal year ended August 31, 2023. The company reported a net income of $818 million for the year, and its annual revenue stood at $34.7 billion. These figures reflect the company's performance and its position in the competitive manufacturing industry.
Jabil's Strong Balance Sheet
Current Assets Reflect Stability
As of August 31, 2023, Jabil's total assets amounted to $19.4 billion, showing resilience in comparison to the previous year's $19.7 billion. Current assets, including cash and cash equivalents, accounts receivable, contract assets, inventories, and prepaid expenses, totaled $14.7 billion, emphasizing the company's financial stability.
