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 has partnered with EMist to rapidly increase production of its EX-7000™ Backpack Disinfectant Sprayer in response to rising demand for disinfecting products due to COVID-19. Flex implemented design changes that cut the usual ramp-up time from 120 days to just 67. The EX-7000 features EPIX Charge Detect™ Technology for efficient disinfectant application. The partnership highlights the growing emphasis on cleanliness in public spaces, as supported by a Consumer Reports survey showing 80% of Americans prioritize health safety in businesses.
Flex reported strong financial results for Q4 and FY 2021, with net sales of $6.3 billion in Q4 and $24.1 billion for the fiscal year. GAAP net income reached $240 million for Q4 and $613 million for the year, translating to GAAP earnings per share of $0.47 and $1.21, respectively. Looking ahead, Flex issued guidance for Q1 FY 2022, anticipating revenue between $5.9 billion and $6.3 billion and GAAP EPS of $0.26 to $0.32. The company is optimistic about continued growth in FY 2022.
Nextracker Inc. submitted a draft registration statement on Form S-1 to the SEC for a proposed IPO of its Class A common stock. The timing of the IPO will depend on market conditions and SEC review. This announcement is not an offer to sell or solicit securities. Flex, the manufacturing partner of choice, aims to deliver technology innovation and sustainable manufacturing solutions globally across diverse industries.
Flex (NASDAQ: FLEX) will announce its fourth quarter and fiscal year 2021 financial results on May 5, 2021, before market open. A conference call will take place at 8:00 a.m. PT (11:00 a.m. ET) on the same day to discuss the results. Investors can join via dial-in at 877-201-0168 with passcode Q4Flex. The call will be available for replay on the Flex Investor Relations website.
Flex (NASDAQ: FLEX) announced plans to halve operational emissions by 2030 as part of a sustainability strategy. The company has joined the Science Based Targets initiative (SBTi) to align reduction targets across scope 1, 2, and 3 emissions. Key commitments include reducing absolute greenhouse gas emissions by 50% from 2019 levels, requiring suppliers to set emissions targets, achieving zero waste in half of its sites by 2025, and reducing water withdrawal by 5%. This initiative reflects Flex's dedication to sustainable practices and addressing climate change.
Flex (NASDAQ: FLEX) announced that Lynn Torrel, Chief Procurement and Supply Chain Officer, has been recognized in Supply & Demand Chain Executive's 2021 list of Pros to Know. This accolade highlights her leadership in managing a complex supply chain during the challenges of the global pandemic. Torrel attributed the success to her world-class team, emphasizing collaboration and creativity. The recognition reflects Flex's commitment to innovative solutions in a crisis, showcasing their adaptability and resilience in maintaining supply chain operations, which is crucial for business continuity.
Flex (NASDAQ: FLEX) announced its membership in The Valuable 500, a global initiative aimed at improving disability inclusion within businesses. This commitment reflects Flex's ongoing dedication to diversity and inclusion in the workplace. CEO Revathi Advaithi emphasized the importance of people with disabilities in their workforce and set a target to increase the employment of individuals with disabilities by at least 10% by 2025. Flex has also introduced the DiversAbilities Employee Resource Group to promote awareness and support for employees of all abilities.
Flex (NASDAQ: FLEX) will participate in the Goldman Sachs Technology and Internet Virtual Conference 2021 on February 11, 2021, at 7:30am PT / 10:30am ET. A live webcast will be accessible on the Flex Investor Relations website.
Flex is recognized as a leading manufacturing partner, providing innovative design, supply chain, and manufacturing solutions across various industries, with operations in over 30 countries.
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