The company's supply chain and logistics management were seen during Japan's 2011 Thoku earthquake and tsunami. There's some part of the supply chain that's already more normalized, and there's some part of the supply chain remaining that's inflationary. On the 5G side, infrastructure rollouts are going extremely well, and demand remains high in the U.S. and Europe. Just on the buybacks, I think your comment was, why not be more aggressive? Our investments enable our execution, which allows us to take the ordinary and apply the extraordinary. But we've been doing this a long time. Corporate Vice President Lastly, another action worth mentioning is our commitment to giving back. With this incremental authorization, we have approximately $1.3 billion in total share repurchase authorization, reflecting our belief and confidence in Jabil's ability to generate strong earnings and free cash flows. In that vein, the Employment (Amendment of First Schedule) Order 2022 ('the Order'), which was gazetted on 15 August 2022, will come into operation effective the Can we assume that, that 80% is solid no matter what cash flows turn out? I apologize for that. But now connected devices, as you said, is a consumer-facing end market, and you're guiding that down 9%. Douglas R. Bettinger is executive vice president, chief financial officer, and chief accounting officer at Lam Research, with responsibility for overseeing the companys finance, tax, treasury, investor relations, and information technology practices. Are the issues semiconductor supply demand? Within semi-cap, so far, customers continue to march ahead with capex investments executing to their investment road maps with the recently introduced CHIP Act providing an additional catalyst in this space. Well, Melissa, first off, keep yourself safe. And now we've -- we're dealing with what looks to be a fairly nasty storm in the Tampa Bay area. In terms of the overall bill of material, I think some of it is our scale and our leverage. The company was awarded the Excellence in Best Practices Award from Frost & Sullivan in 2009. Thank you. And finally, we exited the quarter with total debt to core EBITDA levels of approximately 1.2 times and cash balances of $1.5 billion. These statements are based on current expectations, forecasts, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These services include electronic sourcing, virtual/vertical mechanics, logistics, supply chain management, advanced planning, quality, standardized global systems, supply chain solutions, and business analytics. Specific to the storm, these things ebb and flow by the hour. You know, if I think about the last number of years, starting with COVID and indexing all the way through today, we've dealt with a lot of challenges, which, by the way, to me, as I said in my prepared remarks, makes our team, I don't know, even more reliable and more terrific when we think about power outages and COVID and COVID lingering and COVID shutdowns and geopolitical issues and the unfortunate continued war in Ukraine and inflation and rising costs. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. I don't think you provided a share count guide for Q1 or for '23. I don't -- I just don't think seasonality -- I don't think of seasonality in the EMS space. As part of the programme, women are matched to a member of the management team, improving their visibility within the business. "This also means workers in these industries are better placed to bargain for higher wages. Revenue for the DMS segment was $4.4 billion, an increase of 13% on a year-over-year basis, while core operating margin for the segment came in at 5.1%, slightly lower due to the temporary power shutdowns in China. And again, the market is massive. But given the consumer-centric nature of this end market, as we move from the pandemic-fueled consumer spending to a more normalized environment, we feel it's appropriate to take a conservative outlook and expect some moderation in growth. So I'm not sure on your math on connected devices and mobility being 47% other than -- and then we give it to you on the chart. And we can accommodate the needs of nearly any geography either on the supply side or the demand side. I would say, as we sit today, Mark, the only area that we're seeing distinct decline in demand is around connected devices and consumers. It's the raw materials and WIP. Jabil disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. When I think about all of our relationships in the cloud, 5G wireless area, we're really pleased with the areas in which we get to participate and feel pretty bullish about that through '23 and hopefully going into '24. I would say to your -- the first part of your question is the overall -- if I take a look at all of our bill of materials, which are in the tens of thousands and extrapolate this comment over all of it, the supply chain is very mixed. Net of inventory deposits, inventory days was 62 in Q4, down eight days from Q3. from Columbia Law School and a B.A. Your line is now live. We also expect some consumer-centric end markets to underperform compared to the robust growth for the past 18 months. At Jabil, we aim to always do what's right. Can you share if that's more due to just Jabil sourcing, just improved efficiency on your part? These statements are based on current expectations, forecasts, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. It's a relatively different inventory situation than perhaps retailers or any other type of market. And then if we start to see more kind of deflationary environment on components, how do we think about the impact on margins and cash flows? Executive Vice President of Human Resources We expect these rollouts to play out over the next several years regardless of near-term economic conditions. Hi. This morning, included in our earnings filing, we announced a $1 billion share repurchase program authorization from our Board of Directors. Paradoxically, a more severe recession is likely to improve cash flows due to the working capital nature of our business. So, they're legally contractually obligated with that inventory as well. OK. And just lastly, on the consignment shift with the cloud business, that 500 million, does that begin this quarter so that's reflected in the year-over-year growth rates in Q1? So overall, FX is not something I lose sleep over. Within our industrial business, alternative energy generation and consumption are driving increased need for power conversion, power optimization, line balancing, and storage at the endpoints of generation and consumption, including accelerated adoption of EVs, as well as on the grid. Supplier of the Year - Sustainability. But the best use of our capital, A, is exactly what you alluded to is at these valuations, returning capital to shareholders via dividends and buyback. In digital print and retail, we expect some moderation in consumer print as people return to office to slightly offset growth in industrial print and e-commerce and warehouse automation systems. Again, we saw some power outages there in the fourth quarter. Thanks for your time today. We continue to expect these secular markets to expand in FY '23. As a result, the tax rate on core earnings in the first quarter and for the fiscal year is estimated to be 19%. But on a relative basis, what we said the last number of calls is our Jabil team is doing a wonderful job in securing parts relative to others. In healthcare today, the industries are undergoing tremendous change due to rising costs, aging populations, and the demand for better healthcare in emerging markets. We also, at that same point in time early on, we crafted this business to be -- and Mike talked about this a bit, what we kind of talk about is asset light. These projects have multiyear investment timelines independent of underlying short-term economic growth forecast, so we feel comfortable with the visibility we have in this space. Thank you for joining us today and for your interest in Jabil. Thank you very much. We've taken a hard look at and kind of done a deep dive in the construct of Poland and Hungary to generate their power. The company has industrial design services that concentrate on designing the look and feel of enclosures for printed circuit board assemblies and systems. By the end of August, 3.9% of searches on the platform were for remote work only slightly below its peak having "steadily trended upward throughout the pandemic.". There's a lot of details that need to be worked out there. From 2020 to 2022, he served as chairman of the board for the National Consortium for Graduate Engineering Degrees for Minorities (GEM): a nonprofit organization in the U.S. that is dedicated to increasing the participation of underrepresented groups in engineering and science at the masters and doctoral levels. But just as we think about fiscal '23, how should we think about seasonality in that business? If you look at the end markets that we play in, the secular tailwinds that we continue to see, our margin accretion, our EPS accretion, cash flow accretion, all leads me to think that we're highly undervalued. To support LGBTQ+ identities and communities, we created a weekly suite of communications that rolled out across the month, designed to raise awareness of LGBTQ+ issues and educate employees on how to show solidarity, embrace diversity and practice inclusivity. Revenue: $16.5 Billion (CY 2021) Mark, I have a couple of questions for you. And we just believe deeply in investing in the business because, again, we don't want to be making decisions for today that aren't great decisions long term. So, cloud, 5G wireless was about a $6.5 billion business in '22. An example is our goal of a 50% reduction in our greenhouse gas emissions by 2030. In FY '23, we expect to generate adjusted free cash flow of more than $900 million. We've closed the campus starting this afternoon, and the campus will be closed through the end of the week. And then as a follow-up, Mark -- Mike, can you talk about the cash flows a little bit more? Thank you. There is very little finished goods. Your line is now live. Good employers recognise the need to constantly improve diversity & inclusion as a moral responsibility, and there is also plenty of research that demonstrates that diversity & inclusion is just as much a business issue, with a clear link drawn between diverse workforces and financial performance. Hi. *Average returns of all recommendations since inception. Jabil Circuit Shanghai received the Institute of Engineers Lean Best Practice Award in 2014, an award given in recognition of innovation and Lean Six Sigma capabilities. But we'll also grade ourselves on keeping our people safe, exceptional customer care, and how we interact with our suppliers, suppliers who stood by us and supported us during these most recent difficult times. And finally, we'll refresh our capital allocation and shareholder return policies. I think that continues to move in the direction of -- over time of being more normalized. And then just a quick follow-up on component inflation. And EMS segment revenue is expected to be $4.5 billion, an increase of approximately 15% over the prior year. But I think demand will start to soften a bit. And I mentioned in my prepared remarks, we just have a wonderful network of suppliers. Just a general comment that I don't think has much to do with your question. Only when this happens can it become truly part of an organisation's culture. And we're still bringing forward an outlook for '23 that takes margins up 20 basis points to 4.8%. Moving to Slide 41. Point number two is I think trying to put together at least in regards to Jabil-specific, trying to put together connected devices with mobility, I wouldn't do that because there's different elements of those businesses beyond just raw demand that are material to Jabil in terms of our realized demand versus the overall marketplace. Great. I'd now like to walk you through each end market and describe how we're thinking about our business in the coming year. Great. Loosening pandemic restrictions and reopening borders also helped boost the embattled travel sector, spurring more jobs. Moving forward, we expect to continue generating strong cash flows. If I think about our free cash flow this year being $900 million, and we're saying nothing about fiscal '24, but hypothetically, let's say it was around $1 billion, you got $1.9 billion in free cash flow. The value add that you get, the local labor, the local cost, yes, those fluctuate. 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