JBL Jabil Inc.

Jabil Acquires Retronix to Advance Circular Economy Initiatives

Jabil Inc. (NYSE: JBL), a global leader in design, manufacturing, and supply chain solutions, today announced the successful acquisition of , an innovative provider in the reclamation and refurbishment of electronic components, completed earlier this year.

This press release features multimedia. View the full release here:

Retronix sets itself apart by offering the unique Laser Reballing service, an advanced process delivering multiple advantages for High Reliability applications. This technique eliminates the necessity for a reflow, thus mitigating potential harm to the Ball Grid Array (BGA) components and adjacent regions. By reducing thermal stress, it safeguards the component's integrity and aids in extending its lifespan. Retronix also caters to an array of component preparation services such as component retinning, component recovery, and authenticity verification. (Photo: Business Wire)

Retronix sets itself apart by offering the unique Laser Reballing service, an advanced process delivering multiple advantages for High Reliability applications. This technique eliminates the necessity for a reflow, thus mitigating potential harm to the Ball Grid Array (BGA) components and adjacent regions. By reducing thermal stress, it safeguards the component's integrity and aids in extending its lifespan. Retronix also caters to an array of component preparation services such as component retinning, component recovery, and authenticity verification. (Photo: Business Wire)

"We are thrilled to welcome Retronix to the Jabil family," said Frank McKay, chief procurement and supply chain officer at Jabil. "This acquisition demonstrates our commitment to our customers' and our own environmental initiatives. As a trusted partner to many global brands, Jabil feels a strong sense of responsibility to not just support sustainability for ourselves, but to shepherd our customers towards decarbonization solutions like this — the reuse and recycling of electronic components.”

For 30 years, Retronix has been a market leader in component recovery, reballing, retinning, and component authenticity testing services. The deal adds exclusive technologies to Jabil’s portfolio while maintaining security, quality, and certification standards. These services enable the safe extraction of embedded valuable components from printed circuit boards (PCBs) and other electronics to minimize waste, create new value channels, and mitigate future component obsolescence.

The deal adds to Jabil’s current circular economy services including reverse supply chain management, medical device reprocessing, recycled packaging, and emission reductions. It strengthens Jabil’s mission to offer sustainable options to its customers who are increasing the use of electronics in “smart” products like electronic vehicles, home appliances, medical devices, and even packaged goods.

“Like Jabil, Retronix works with leading brands across industries such as telecommunications, defense, automotive, and healthcare. Now, these services will be available to Jabil customers, and together, we will strengthen the circular economy,” said Jed Pecchioli, vice president of supply chain at Jabil. “Being a part of Jabil will make an impact on sustainable manufacturing. From product design to end-of-life, our common goal is to squeeze every bit of life out of every material and reduce electronic waste.”

For more information, please visit:

About Jabil:

Jabil (NYSE: JBL) is a manufacturing solutions provider with over 250,000 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 to learn more.

EN
06/11/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Jabil Inc.

 PRESS RELEASE

Jabil to Present at Upcoming Conference

ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- Jabil Inc. (NYSE: JBL) today announced it is scheduled to present at the J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 21, 2024, at 8:10 AM EST. A live audio webcast and replay of the event will be accessible on the Jabil Investor Relations website at . About Jabil: At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world's top brands, offering comprehensive engineering, manufacturing, and supply chain solutions. With over 50 years of experience across industries and a vast network of over 100 si...

Jabil Inc. - February 2024 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Jabil Inc: 1 director

Two Directors at Jabil Inc bought/sold 15,063 shares at between 0.000USD and 134.196USD. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the...

 PRESS RELEASE

Jabil Declares Quarterly Dividend

ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- (NYSE: JBL) announced that its Board of Directors declared a quarterly dividend of $0.08 per share of common stock to shareholders of record as of May 15, 2024. The dividend is payable on June 4, 2024. Jabil has paid consecutive quarterly cash dividends on its common shares since May 15, 2006. About Jabil: At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world's top brands, offering comprehensive engineering, manufacturing, and supply chain solutions. With over 50 years of experience across industries and a vast network of over 100...

 PRESS RELEASE

Jabil Posts Second Quarter Results

ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its second quarter of fiscal year 2024. “Despite revenue headwinds this year, which are expected to be short-term, I’m pleased with the resiliency of our model and our team’s demonstrated ability to execute,” said CEO Kenny Wilson. “Even under these conditions, we expect to deliver strong core operating margins and free cash flow in FY24,” he added. Second Quarter of Fiscal Year 2024 Highlights: Net revenue: $6.8 billion U.S. GAAP operating income: $1.1 billion...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch