Jabil Inc.

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Greetings and welcome to the JBL fourth quarter and fiscal year 2025 financial results and investor briefing. At this time, all participants are in listen-only mode. A question and answer session will follow the formal presentation. You may be placed into question queue at any time by pressing star 1 on your telephone keypad. As a reminder, this conference is being recorded. It's now my pleasure to introduce your host, Adam Berry. Please go ahead, sir.

Good morning, and welcome to Jabil's fourth quarter and fiscal year 2025 earnings call. This is also Jabil's eighth annual investor briefing. I'm Adam Barry, Senior Vice President of Investor Relations and Corporate Affairs. This is an important day for us at Jabil and we appreciate your continued interest in our company. Our investor briefing is always one of the highlights of our calendar. It's our opportunity to step back from the quarter to quarter rhythm and give you a deeper look at how we're shaping the business, how we're allocating capital, and how we're positioning Jabil for sustainable long-term growth. Before we dive in, I need to cover a quick but important point. Some of the information you'll hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding our financial guidance for the first quarter and fiscal year 2026 and our future business outlook. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our expectations. Jabil disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Now, let me set the stage for what we'll cover today. You're going to hear from a number of our leaders across the organization, each of whom will bring their perspective on Jabil's performance, opportunities, and direction. We'll begin with Greg Hebert, our Chief Financial Officer, who will walk through our fiscal 2025 results and share the outlook for the first quarter of fiscal 2026. Greg will also frame how we think about the balance sheet, free cash flow, and capital allocation. Next, Steve Borges will cover regulated industries. This is a critical part of our business, encompassing healthcare, automotive and transportation, and renewable and energy infrastructure. These are markets where quality and trust are non-negotiable, and Steve will share both the near-term realities and the long-term opportunities. After Steve, you'll hear from Matt Crowley, who leads Intelligent Infrastructure. This is our fastest growing segment, and the growth is being fueled by unprecedented demand for AI-related systems, from semiconductor capital equipment to racks, servers, and advanced cooling solutions. Matt will explain how Jabil is positioned to capture this wave of growth with system-level integration that very few companies can deliver. Following Matt, Andy Priestley will take us through connected living and digital commerce. This is a segment in transition as we deliberately move away from lower margin legacy consumer programs and strengthen our position in automation and advanced technologies. Andy will share how this pivot is improving the quality of earnings today and positioning Jabil for long-term opportunity in robotics, warehouse automation, and next generation connected devices. Finally, we'll conclude with our CEO, Mike Destor. with help from EVP of Operations Fred McCoy and Chief Supply Chain and Procurement Officer Frank McKay. Mike and team will bring it all together by describing how our portfolio strategy, capital allocation discipline, and culture of execution position Jabil to thrive in an evolving market. You'll also hear from Mike about the priorities that guide us, serving our customers with precision, driving sustainable earnings growth, and returning significant value to shareholders. All in, we expect today to give you a clear, transparent picture of how Jabil is positioned, not just for fiscal 2026, but for the years ahead. With that, let's get started. It's my pleasure to introduce our Chief Financial Officer, Greg Ebert.