IT 100 Special Report 2006 >

  THE INFOTECH 100 COMPANIES
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82

Jabil Circuit

(NYSE: JBL)

USA

Jabil Circuit has been a huge beneficiary of the outsourcing boom. Founded in Detroit in the mid-1960s by James Golden and William Morean (whose first names were blended to form "Jabil") to make circuit boards for Control Data, the company has branched out over time to become one of the nation's largest contract manufacturers, with such clients as Nokia, Lucent, and Royal Philips Electronics. After the tech downturn left Jabil scratching for customers earlier this decade, the company— which relocated to St. Petersburg, Fla., in the 1980s -- ;made a major push to diversify beyond just serving Silicon Valley. Today the company makes everything from semiconductor test devices to blood glucose monitors for diabetics, and is now moving into the aerospace industry. That diversification effort has paid off: Sales rose 28% last year, helping Jabil generate a healthy 11.4% return on equity. Shareholders are cashing in as well: Jabil's shares have risen an average 19% over the past three years, and were up another 19% in the year ended May 31.

Company Info

2005 Rank

Not Ranked

Sales*
($ Millions)

8,694.4

Sales Growth
(over prev. year)

28 %

Profits*
($ Millions)

275.8

Return on Equity

11.4 %

Total Return on Sales (12-mo.)

19.4

Share Price
As of 5/31/06

34.82

CURRENT
MARKET INFO

NYSE: JBL

No. of Employees

40,000

Industry Computers & Peripherals
COMPANY WEB SITE >
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat

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Company Snapshot

Jabil Circuit provides electronic manufacturing services and solutions worldwide. It provides electronics design, production, product management, and repair services to companies in the aerospace, automotive, computing, consumer, defense, industrial, instrumentation, medical, networking, peripherals, storage, and telecommunications industries. The company's services include integrated design and engineering; component selection, sourcing, and procurement; automated assembly; design and implementation of product testing; parallel global production; enclosure services; systems assembly, direct order fulfillment, and configure to order; and repair and warranty services. It also offers design services, such as electronic design, industrial design, mechanical design, computer assisted design, and product validation. Jabil Circuit was founded in 1966 and is headquartered in St. Petersburg, Fla.


Data provided by Capital IQ
 
Timothy L. Main

Timothy L. Main, 48

President and Chief Executive Officer

Total Compensation

$3,296,077

Value of Options

$15,627,823

Michigan State University - BS, Thunderbird ? The Garvin School of International Management - Master's Degree

Timothy Main has been chief executive officer of Jabil Circuit since September, 2000; president since January, 1999, and director since October, 1999. Main is a member of the committee that administers stock option plans for non-officers and non-directors of Jabil. He joined Jabil in April, 1987, as a production control manager; was promoted to operations manager in September, 1987; to project manager in July, 1989; to vice-president, business development, in May, 1991, and to senior vice-president, business development, in August, 1996. Prior to joining Jabil, Main was a commercial lending officer, international division, for the National Bank of Detroit. Main has earned a bachelor's degree from Michigan State University and a master's of international management from the American Graduate School of International Management (Thunderbird).



Executive Data provided by Capital IQ