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.
Our Next Energy Inc. (ONE) announced a successful $25 million Series A capital raise led by Breakthrough Energy Ventures. The funding will help accelerate product development for its innovative battery technologies, including Aries™, designed to enhance electric vehicle range and reduce costs without using nickel or cobalt. Aries™ aims for an energy density of 287 Wh/L, while another technology, Gemini™, targets 450 Wh/L, potentially allowing EVs to travel over 750 miles on a single charge.
Flex will report its second quarter fiscal year 2022 financial results on October 27, 2021, after market close. A conference call will follow at 1:30 p.m. PT to discuss the results. Investors can join the call by dialing 877-201-0168 with passcode Q2Flex, or listen via webcast on the Flex Investor Relations website. An audio replay and transcript will be accessible post-call. Flex, a leading manufacturing partner, operates in 30 countries and provides technology innovations and supply chain solutions to various industries.
Flex (NASDAQ: FLEX) has appointed Xavier Boza as the new chief human resources officer, reporting directly to CEO Revathi Advaithi. Boza brings 25 years of HR experience, previously serving as CHRO for Campbell's Soup Company where he managed global HR functions through significant organizational changes. His expertise will enhance Flex's human capital strategy, focusing on employee experience and diversity. Flex operates with over 160,000 employees across 30 countries, emphasizing a strong global workforce and sustainable HR practices.
Flex (NASDAQ: FLEX) announced that its factory in Althofen, Austria, has been admitted into the World Economic Forum's Global Lighthouse Network, recognizing its adoption of Industry 4.0 technologies. The site improved operational efficiency, attracting higher-margin medical business and boosting revenue by 50% without expanding its physical footprint. Key innovations include a virtual operator assistance system, real-time supply chain visibility, integrated materials management, and advanced analytics. Flex aims to leverage these advancements for improved manufacturing and sustainability.
Flex (NASDAQ: FLEX) has joined the World Economic Forum's Advanced Manufacturing Industry Action Group, enhancing its commitment to advanced manufacturing and sustainability. CEO Revathi Advaithi has also joined the Alliance of CEO Climate Leaders, a coalition focused on reducing greenhouse gas emissions. This membership positions Flex as a leader in the manufacturing sector's transition to net-zero emissions, promoting collaboration for best practices in sustainability and manufacturing advancements. Flex aims to leverage its global workforce and technologies for impactful solutions.
Flex (NASDAQ: FLEX) will participate in Citi's 2021 Global Technology Virtual Conference on September 13, 2021, at 10:50 AM PT / 1:50 PM ET. The event features Paul Lundstrom, CFO, and David Rubin, VP of Investor Relations. Interested participants can register at Citi's virtual conference. A replay will be accessible through the Flex Investor Relations website. Flex aims to drive innovation and sustainable operations across industries globally.
Flex (NASDAQ: FLEX) announced its first facility in Salt Lake City, Utah, aiming to fill over 100 open positions across various functions including engineering and operations. A career fair is scheduled for September 2, 2021, from 11 a.m. to 4 p.m. MDT at the Hilton Garden Inn. This initiative supports Flex's growth in critical cloud and data center infrastructure solutions in the U.S. The company is recognized by FORTUNE as one of the World's Most Admired Companies and offers competitive employee benefits.
Flex reported strong Q1 results for FY 2022, with net sales of $6.3 billion and adjusted EPS of $0.46, exceeding expectations. GAAP net income reached $206 million, while adjusted net income was $230 million. The company's guidance for Q2 revenue is $6.1 billion to $6.5 billion, with GAAP EPS forecasted at $0.29 to $0.35. For FY 2022, revenue guidance is updated to $25.5 billion to $26.5 billion, with GAAP EPS of $1.42 to $1.57.
Flex (NASDAQ: FLEX) will announce its first quarter fiscal year 2022 financial results on July 29, 2021, prior to market open. A conference call will be held that day at 8:00 a.m. Pacific Time to discuss the results. Investors can join the call by dialing 877-201-0168 with passcode Q1Flex. The live webcast and slides will be available on Flex's Investor Relations website, with an audio replay and transcript to follow after the call.
Flex is known for delivering manufacturing solutions across various industries, utilizing a global workforce.
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