Jabil Completes Previously-Announced Stock Repurchase

Jabil Circuit, Inc. JBL announced today the completion of the $200 million repurchase of its common stock. Jabil announced the repurchase program on June 21, 2011. Under the completed repurchase program, a total of 11,520,137 shares of common stock were repurchased at a weighted average cost of $17.36 per share and an aggregate cost of $200 million. The recent turbulence of the stock market afforded Jabil to opportunity to take full advantage of its stock repurchase program. “We are pleased to have completed the entire repurchase program during our fourth fiscal quarter of 2011. We expect cash flow will continue to support investment in the business along with return of capital to shareholders through dividends and periodic share repurchases,” said Forbes Alexander, Chief Financial Officer.