10:31 AM EDT, 06/17/2025 (MT Newswires) -- Jabil ( JBL ) lifted its full-year outlook on Tuesday as the manufacturing solutions provider reported better-than-expected fiscal third-quarter results and announced a $500 million investment plan to expand its footprint in the US.

The company now anticipates adjusted earnings of $9.33 a share and revenue of $29 billion for fiscal 2025, up from its previous projections of $8.95 and $27.9 billion, respectively. The current consensus on FactSet is for non-GAAP EPS of $8.96 and sales of $27.97 billion.

"Despite softness in areas like (electric vehicles), renewables and 5G, our diversified portfolio and operational discipline have us tracking toward record core earnings per share," Chief Executive Mike Dastoor said in a statement. Shares of the firm climbed 11% in Tuesday trade.

In a separate statement, Jabil ( JBL ) said it will spend $500 million over several years to expand its presence in the US and support the manufacturing of cloud and artificial intelligence data center infrastructure. The company is in the final stages of selecting a site in the Southeast US, with the facility to become operational by the middle of next year, it said.

"This initiative is a key element of our long-term strategy to diversify our commercial portfolio and strengthen Jabil's ( JBL ) presence in the US," according to Dastoor. "While the geopolitical landscape remains dynamic, our position as a US-based company with a significant domestic footprint enables us to help the world's leading brands navigate challenges with agility and resilience."

During a Tuesday earnings call, Dastoor told analysts that the company's US domicile allows it to partner with customers to tackle issues related to tariffs and supply chain complexities. "Today, most of our manufacturing has migrated local for local and region for region," Dastoor said on the call, according to a FactSet transcript.

For the three months through May, Jabil's ( JBL ) adjusted EPS advanced to $2.55 from $1.89 the year before, ahead of the Street's view for $2.31. Revenue increased to $7.83 billion from $6.77 billion, topping the average analyst estimate of $7.06 billion.

Revenue in the intelligent infrastructure business jumped 51% to $3.4 billion, driven in part by robust demand for the group's AI-related cloud data center infrastructure, Chief Financial Officer Greg Hebard said on the call. Regulated industries revenue remained flat year over year at $3.1 billion, while the connected living and digital commerce division declined 7% to $1.3 billion, according to Hebard.

The company forecasts adjusted EPS of $2.64 to $3.04 for the ongoing quarter, while the Street is looking for $2.74. Revenue is pegged at $7.1 billion to $7.8 billion, compared with the market's current estimate of $7.19 billion.

Sales in the regulated industries unit are expected to be down about 5% annually in the fourth quarter, Hebard told analysts. Jabil ( JBL ) expects a 42% revenue jump in the intelligent infrastructure business, "driven by sustained, broad-based AI-related growth," while sales in the connected living and digital commerce division are expected to decline by 21% in the quarter, Hebard added.

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