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OFFON

JABIL INC.

(JBL)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 12/06 03:03:14 pm
59.95 USD   +1.63%
12/02JABIL : First Quarter of Fiscal Year 2022 Earnings Announcement Set
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12/02Jabil's First Quarter of Fiscal Year 2022 Earnings Announcement Set
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11/12JABIL INC. : Ex-dividend day for
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Jabil : Packaging Solutions Revolutionizes Wipes Packaging

10/19/2021 | 08:52am EST

ST. PETERSBURG, FL - October 19, 2021 - Jabil Packaging Solutions (JPS), a division of manufacturing solutions provider Jabil Inc. (NYSE: JBL), today announced its reinvention of the wipes container. FusePack wipes packaging combine the most powerful features of multiple different packaging substrates, leveraging the best elements of rigid and flexible components. This lightweight but strong package is more sustainable and eCommerce-friendly than the legacy alternatives.

"Cleaning and sanitizing wipes have been steadily rising in popularity and since 2020, they've truly become a household staple," said Vice President of Technology Ayana Johnson, Jabil Packaging Solutions. "While wipes have become an essential part of our lives, traditional wipes canisters are incredibly bulky, using an excessive amount of plastic while tending to lose moisture, causing decreased shelf life. As home delivery has taken off, we've seen traditional canisters struggle with the bumps, shocks and vibrations of shipping directly to consumers. These factors drove us to reinvent the wipes container with FusePack packaging."

The FusePack wipes container meets pressing market challenges head-on, including:

  • Wasteful packaging - FusePack wipes container is 30% smaller than comparable rigid plastic alternatives but holds the same amount of wipes; its strength also reduces the need for excessive secondary packaging
  • Shipping and shelf space inefficiencies - FusePack wipes containers nested structure, 68% weight reduction over comparable rigid packs and reduced package footprint means efficient transit and more units per shelf
  • Cracking/opening in the harsh transit conditions of ecommerce - the flexible yet strong pack can withstand the shocks, vibrations and temperature changes of ecommerce fulfillment
  • Wipes that dry out - FusePack is hermetically sealed, extending shelf life and eliminating leaking

Images are available on request; please visit Jabil Packaging Solutions for more information.

Attending the Index 2021 show in Geneva from October 19-22, 2021? To learn more about this advancement in packaging, stop by booth 2651.


About Jabil:
Jabil (NYSE: JBL) is a manufacturing solutions provider with over 260,000 employees across 100 locations in 30 countries. The world's leading brands rely on Jabil's unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights and global product management expertise. Driven by a common purpose, Jabil and its people are committed to making a positive impact on their local community and the environment. Visit www.jabil.com to learn more.


# # #

On-Site (at Index Show) Media Contact
Kay Stanish
Senior Director, Strategy Platforms and New Markets
kay_stanish@jabil.com
+1 813 354 5481

Media Contact
Michelle Smith
VP Communications & Brand Strategy, Jabil
michelle_smith@jabil.com
+1 813 415 1116

Disclaimer

Jabil Inc. published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2021 12:51:05 UTC.


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Financials (USD)
Sales 2022 31 527 M - -
Net income 2022 824 M - -
Net Debt 2022 1 060 M - -
P/E ratio 2022 10,8x
Yield 2022 0,54%
Capitalization 8 455 M 8 455 M -
EV / Sales 2022 0,30x
EV / Sales 2023 0,28x
Nbr of Employees 238 000
Free-Float 51,2%
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Number of Analysts 8
Last Close Price 58,99 $
Average target price 72,00 $
Spread / Average Target 22,1%
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Managers and Directors
Mark T. Mondello Chairman & Chief Executive Officer
Meheryar K. Dastoor Chief Financial Officer & Executive Vice President
May Yap Chief Information Officer & Senior Vice President
Robert L. Katz Executive VP, Chief Ethics & Compliance Officer
Steven A. Raymund Independent Director
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