Welcome to our dedicated page for Flex Ltd. Ordinary Shares news (Ticker: FLEX), a resource for investors and traders seeking the latest updates and insights on Flex Ltd. Ordinary Shares stock.
Flex Ltd. (NASDAQ: FLEX) is a leading sketch-to-scale™ solutions company that designs and builds intelligent products for a connected world. With a global workforce of over 200,000 professionals across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight, and logistics services. The company's diverse client base spans across various industries and end-markets, showcasing its versatility and comprehensive capabilities.
The company operates through two main segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). Flex Agility Solutions addresses markets such as Communications, Enterprise and Cloud, Lifestyle, and Consumer Devices. Meanwhile, Flex Reliability Solutions focuses on Automotive, Health Solutions, and Industrial markets.
Flex’s core business revolves around contract manufacturing, offering extensive electronics design, manufacturing, and product management services to electronics and technology companies. This allows clients to focus on core activities while Flex handles the complexities of product lifecycle management, from initial design to final production and logistics.
Recent achievements include a significant announcement on April 8, 2024, where Flex declared it would reveal its fourth quarter and fiscal 2024 financial results on May 1, 2024. Notably, Flex's CEO Revathi Advaithi highlighted the company’s strong margin expansion and EPS growth for the fiscal year, emphasizing its ability to navigate economic cycles effectively.
Another milestone is the acquisition of FreeFlow on May 31, 2024. FreeFlow enhances Flex’s services in asset disposition and digital circular economy tracking. This acquisition enables Flex to expand its reverse logistics and sustainability analytics, furthering its commitment to delivering high-value, sustainable solutions to its clients.
Flex's commitment to innovation and sustainability is evident through its diverse product offerings and strategic partnerships. The company is poised to continue its growth trajectory, driven by its strong operational foundation and strategic initiatives aimed at increasing stakeholder value.
For more information about working at Flex, please visit www.flextronics.com/careers.
Flex (NASDAQ: FLEX) announced its third-quarter fiscal results for 2023, reporting net sales of $7.8 billion and a GAAP operating income of $321 million. GAAP net income reached $230 million, resulting in a GAAP earnings per share of $0.50. Adjusted figures showed an operating income of $372 million and adjusted net income at $285 million, translating to adjusted EPS of $0.62. For Q4, Flex provided guidance of $7.0 billion to $7.4 billion in revenue and GAAP EPS of $0.37 to $0.43. The updated fiscal year revenue guidance is between $29.9 billion and $30.3 billion.
Nextracker, a subsidiary of Flex, has filed a registration statement with the SEC for a proposed initial public offering (IPO) of its Class A common stock under the ticker symbol NXT. The specific details regarding the number of shares and pricing are still to be determined, with the offering subject to market conditions. Notable underwriters involved include J.P. Morgan, BofA Securities, Citigroup, and Barclays. This move aims to enhance Nextracker's position as a leading provider of solar tracker solutions in the renewable energy sector.
Flex (NASDAQ: FLEX) will release its third quarter fiscal 2023 financial results on January 25, 2023, after market close. A conference call will follow at 1:30 p.m. PT to discuss these results. Investors can access the live webcast on the company’s investor relations website. Flex is a global manufacturing partner, providing innovative solutions across various industries, backed by a workforce operating in 30 countries.
Flex (NASDAQ: FLEX) will participate in the Credit Suisse 26th Annual Technology Conference on November 29, 2022. The leadership team's presentation is scheduled for 7:55am PT / 10:55am ET and will be accessible via a live webcast on the Flex Investor Relations website. Additionally, an archived replay will be available post-presentation. Flex is known for its global manufacturing solutions and commitment to sustainability across diverse industries.
Flex (NASDAQ: FLEX) reported its second quarter fiscal year 2023 results with net sales of $7.8 billion, a 5% increase year-over-year. GAAP net income reached $232 million or $0.50 per share, while adjusted net income was $289 million or $0.63 per share. For the upcoming third quarter, Flex anticipates revenue between $7.3 billion and $7.7 billion and GAAP EPS of $0.46 to $0.52. Fiscal year 2023 guidance has been updated to project revenue of $29.1 billion to $30.1 billion and adjusted EPS ranging from $2.20 to $2.35.
Flex's factory in Sorocaba, Brazil, has been recognized as part of the World Economic Forum's Global Lighthouse Network due to its adoption of Industry 4.0 technologies and a focus on sustainability. This factory is the second of Flex's facilities to receive this honor, underscoring its commitment to operational efficiency and employee well-being. Key innovations include an IIoT-enabled performance system, a circular economy ecosystem that reduced material waste by 94%, and upskilling of over 200 employees. This recognition highlights Flex’s leadership in sustainable manufacturing.
Flex (NASDAQ: FLEX) will announce its second quarter fiscal 2023 financial results after market close on October 26, 2022. A conference call is scheduled for 1:30 p.m. PT to discuss the results. The live webcast will be available on the Flex Investor Relations site, with a replay and supporting materials offered post-event. Flex positions itself as a leading manufacturing partner across various sectors, leveraging a global workforce in 30 countries and focusing on sustainable operations.
FAQ
What is the current stock price of Flex Ltd. Ordinary Shares (FLEX)?
What is the market cap of Flex Ltd. Ordinary Shares (FLEX)?
What does Flex Ltd. do?
What markets does Flex Ltd. serve?
Where can I find Flex Ltd.'s latest financial results?
How many employees does Flex Ltd. have?
What recent acquisitions has Flex Ltd. made?
Who is the CEO of Flex Ltd.?
What is Flex Ltd.'s approach to sustainability?
Where can I find more information on career opportunities at Flex Ltd.?
How does Flex Ltd. support its diverse customer base?
What are Flex Agility Solutions and Flex Reliability Solutions?
