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) reported strong Q1 FY2023 results, achieving net sales of $7.3 billion, with a GAAP net income of $189 million and adjusted net income of $255 million.
The company posted GAAP EPS of $0.40 and adjusted EPS of $0.54. Looking ahead, Flex expects Q2 revenue between $7.0 billion and $7.4 billion, and updated fiscal year guidance with revenue projected at $28.4 billion to $29.4 billion.
Flex will announce its first quarter fiscal 2023 financial results after market close on July 27, 2022. A conference call will follow that day at 1:30 PM PT to discuss these results. Investors can access the live webcast on the Flex Investor Relations website, where the replay will also be available. Flex, a leading manufacturing partner, supports various industries by providing technology innovation and sustainable operations across 30 countries.
Flex (NASDAQ: FLEX) is expanding its automotive operations in Jalisco, Mexico, with a new 145,000-square-foot facility dedicated to producing advanced electronic components for electric and autonomous vehicles. This strategic hub aims to enhance manufacturing capabilities and support automotive innovation. The project underscores Flex's commitment to being a leading employer and the largest exporter in the region. The expansion reflects the company's focus on delivering technology innovation and robust supply chain solutions to meet the growing demands of the automotive industry.
Flex (NASDAQ: FLEX) will participate in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 24, 2022. The conference will feature Paul Lundstrom, CFO, and David Rubin, VP of Investor Relations, presenting at 8:30 AM PT / 11:30 AM ET. Investors can access the live webcast and archived replay via the Flex Investor Relations website. Flex is a leader in manufacturing solutions across various industries, dedicated to technology innovation and sustainable operations.
Flex (NASDAQ: FLEX) reported strong results for Q4 and FY 2022, with net sales of $6.9 billion in Q4 and $26.0 billion for the fiscal year. GAAP net income for the fourth quarter was $168 million ($0.36 per share), while the annual GAAP net income reached $936 million ($1.94 per share). Adjusted earnings per share were reported at $0.52 for Q4 and $1.96 for FY 2022. For Q1 FY 2023, revenue guidance is projected between $6.6 billion and $7.0 billion, with adjusted EPS expected to be $0.44 to $0.50.
Flex (NASDAQ: FLEX) will report its fourth quarter and fiscal 2022 earnings on May 4, 2022, after market close. A conference call will follow at 1:30 p.m. PT to discuss the results. Investors can dial 877-201-0168 with conference ID 9363531. A live webcast will be available on the Flex Investor Relations website, with a replay to follow. The company focuses on manufacturing solutions across diverse industries, emphasizing its global workforce and sustainable practices.
Flex (NASDAQ: FLEX) has reaffirmed its financial guidance for the fiscal fourth quarter and full year 2022, as disclosed during its virtual Investor Day on March 30, 2022. For Q4, the company expects revenues between $6.2 and $6.6 billion, with GAAP EPS in the range of $0.32 to $0.37. For the entire fiscal year, revenue guidance remains between $25.4 and $25.8 billion, with GAAP EPS expectations of $1.90 to $1.95. Flex emphasizes commitment to meeting its previous projections amidst ongoing market challenges.
Flex (NASDAQ: FLEX) announced its virtual investor and analyst day on March 30, 2022, at 1:30 PM PT. CEO Revathi Advaithi and CFO Paul Lundstrom will present the company’s transformation journey, growth strategies, and financial targets. This event highlights Flex's commitment to strengthening its market position and capital allocation priorities. The live webcast will be accessible via the Flex Investor Relations website, with a replay and additional materials provided post-event.
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