With earnings today, Jabil (NYSE: JBL) announced its Board of Directors has authorized a share repurchase program of up to $1 billion in common stock. The shares will be repurchased from time-to-time through fiscal year 2024 through various methods, including open market repurchases, at the Company's discretion and subject to market conditions and other factors.

“This is continued evidence of our ongoing commitment to return capital to shareholders,” said CFO Mike Dastoor. “This new authorization reflects our belief in Jabil’s ability to generate strong earnings and free cash flows,” he added