Board approves $1 billion stock buy back

ST.  PETERSBURG—Jabil Inc.’s board of directors has given the company the green light to buy back $1 billion of common stock.

The company did not disclose any immediate plans to begin a buy back, instead saying the board gave officials the authority to make the purchases “from time-to-time through fiscal year 2023 using various methods, including in the open market at the company's discretion and subject to market conditions and other factors.”