Jabil completes $200 Million stock repurchase program
Jul 28, 2006
Jabil Circuit, Inc. (NYSE:JBL) has completed its $200 million share repurchase program which was authorized by its Board of Directors and announced on June 28, 2006. A total of 8,418,700 shares were repurchased at an average price of $23.76 per share. "With our continued commitment to working capital discipline, we have been able to fund strong revenue and earnings growth while providing a return of capital to shareholders through our dividend and completing this share repurchase," said Forbes Alexander, Jabil's Chief Financial Officer.