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) 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.
Flex (NASDAQ: FLEX) has appointed Becky Sidelinger as President of its Reliability Solutions division, which encompasses Automotive, Industrial, and Health Solutions business units. Sidelinger brings over 30 years of experience from Fortune 100 companies like Honeywell and General Electric, most recently leading a $3B revenue unit at Honeywell. CEO Revathi Advaithi expressed enthusiasm for Sidelinger's expertise in regulated industries, anticipating significant value addition as Flex enhances its Reliability Solutions segment.
Flex (NASDAQ: FLEX) has appointed Randy Clark as President of the Health Solutions Business Unit and Rob Campbell as President of the Consumer Devices Business Unit. Randy Clark, with over 20 years in the medical industry, will lead Flex's medical portfolio, focusing on devices and drug delivery. Previously, he served at Olympus Corporation. Rob Campbell, who led profitable growth at Flex for seven years, will steer the Consumer Devices sector aimed at high-volume markets. Both leaders bring extensive experience, promising to enhance Flex's business strategy and operational execution.
Flex (NASDAQ: FLEX) has secured a $500 million investment from TPG Rise Climate for its subsidiary Nextracker, valued at $3.0 billion. This partnership aims to bolster Nextracker's market position in solar tracking solutions while utilizing TPG's expertise in renewable energy. The investment involves a convertible preferred security with a 5.0% annual dividend, set to convert during a potential IPO. The transaction supports Flex's long-term growth strategy and will separate Nextracker's operations for better focus and reporting.
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