Jabil Inc. (NYSE: JBL) is critical to the tech industry, as it is a leading manufacturer and provider of manufacturing services for technology companies. Its top customers include Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Cisco (NASDAQ: CSCO), Ericsson (NASDAQ: ERIC), and Tesla (NASDAQ: TSLA), which rely heavily on it for components and services.
This now-diversified business sustains and accelerates a return to growth that underpins a robust capital return program. The combination promises to reduce the share count by mid-single-digit percentages annually and by double-digit percentages over the longer term, setting the stage for this stock to continue moving higher.
