The rating on Jabil Circuit Inc. reflects the company's diversified end markets, consistent profitability despite difficult market conditions, increasing market share, and an improving financial profile. Standard&Poor's Ratings Services expects that the company will continue to pursue its conservative financial policies, by maintaining leverage that is low for the rating, modest dividends, and annual share repurchases at or below discretionary cash flows. With annual revenues in excess of $16 billion, Jabil provides electronic manufacturing services (EMS) to a wide range of industries, including networking and telecom, computing and storage, mobile phone and digital consumer products, and industrial and medical equipment. The company's "fair" business risk profile reflects its position as the third-largest global EMS provider and an improving
