Welcome to our dedicated page for Flex news (Ticker: FLEX), a resource for investors and traders seeking the latest updates and insights on Flex stock.
Overview of Flex Ltd
Flex Ltd (FLEX) is a distinguished contract manufacturing company providing comprehensive electronics design, engineering, and product management services. By offering a unique sketch-to-scale™ approach, Flex enables a connected world where products are designed and built with precision, efficiency, and reliability. The company leverages advanced technology, a vast global workforce, and integrated supply chain solutions to address the complexities of modern manufacturing and ensure innovation at the system level.
Integrated Business Model and Core Capabilities
Flex operates through two primary segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The FAS segment caters to markets such as communications, enterprise cloud, lifestyle, and consumer devices by delivering design, engineering, and manufacturing solutions that adapt quickly to market trends and technological change. Meanwhile, the FRS segment focuses on sectors like automotive, health solutions, and industrial applications, providing robust and reliable manufacturing services that emphasize critical power distribution and high-performance product reliability.
Advanced Manufacturing and Supply Chain Expertise
At the heart of Flex's operations lies its state-of-the-art manufacturing capabilities, which include design-to-build services, real-time supply chain insight, and logistics management tailored to meet diverse industry requirements. The company's ability to integrate product lifecycle services—from initial concept and design to final production and quality assurance—helps clients mitigate risk and accelerate time-to-market. This comprehensive approach harnesses innovative technologies in areas such as liquid cooling, modular computing, and grid-to-chip power solutions to address challenges like thermal management and efficient power distribution in data centers and other high-demand applications.
Global Footprint and Market Position
With a presence spanning 30 countries and an extensive network of professionals, Flex is well-established in global markets. Its strategic manufacturing facilities, including high-capacity production hubs, enable the company to serve a broad range of customers from startups to major industry players. The company’s strategic initiatives, including selective acquisitions and capacity expansions, underscore its commitment to meeting the evolving needs of digital infrastructure, AI, and advanced computing sectors.
Industry-Specific Solutions and Differentiators
Flex distinguishes itself through a deep expertise in addressing power, heat, and scalability challenges associated with modern electronic systems. Its tailored solutions for data centers, including integrated power infrastructure, showcase the company’s ability to merge product innovation with critical operational insights. The strategic combination of EMS (Electronics Manufacturing Services), product engineering, and supply chain management enables Flex to deliver solutions that not only optimize performance but also demonstrate robust reliability in rapidly evolving markets.
Commitment to Innovation and Customer-Centric Solutions
Flex’s operational strategy is built around a commitment to technological innovation and customer-focused service. The company continuously enhances its operational capabilities through investments in advanced manufacturing, strategic partnerships, and research and development. This approach reinforces its role as a trusted partner that empowers customers to design and build products that improve connectivity and efficiency, paving the way for smarter, more integrated systems worldwide.
Nextracker (NXT) has scheduled its third quarter fiscal 2025 financial results announcement for Tuesday, January 28, 2025, after market close. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
Investors can access the live webcast through the company's investor relations website at investors.nextracker.com. Following the event, a replay of the webcast and supporting materials will be made available on the same platform.
Nextracker (NXT) has announced that its Founder and CEO, Dan Shugar, will participate in a fireside chat at the Goldman Sachs Energy, CleanTech & Utilities Conference. The session is scheduled for January 7, 2025, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Interested parties can access the live webcast through investors.nextracker.com. A replay of the webcast will be made available on Nextracker's IR website after the event concludes.
Flex's Zhuhai, China facility has been awarded the AME Excellence Award for demonstrating world-class continuous improvement and manufacturing excellence. This marks Flex's third consecutive annual Excellence Award recognition. The facility, which specializes in advanced assembly, tool design and manufacturing, and metal and plastics capabilities for Lifestyle and Data Center customers, was evaluated on criteria including organizational improvement, management systems, and people-centric leadership.
The Zhuhai site, which began its lean journey over 15 years ago, has implemented hundreds of employee-driven improvement ideas and leverages lean and Six Sigma practices for automation and digitization. The facility serves various industries, providing solutions for floor care, personal care products, audio displays, servers, and data storage appliances, offering capabilities in metal punching, hardware insertion, assembly, and comprehensive plastics manufacturing.
Nextracker (NXT) has achieved a significant milestone by delivering the first 100% domestic content solar trackers in the U.S. market. The initial delivery is for SB Energy's Pelican's Jaw project, a 570 MW solar and 954 MWh storage facility under construction by SOLV Energy.
Since 2021, Nextracker has expanded its local manufacturing infrastructure to over 25 U.S. factories with 30 GW of annual capacity. This localization strategy aims to reduce lead times, enhance supply chain security, and provide superior performance and flexibility throughout project lifecycles. The company's domestic manufacturing initiative also supports the creation of U.S. jobs, with the solar industry currently supporting 279,000 positions nationwide.
Flex (NASDAQ: FLEX) has appointed Kevin S. Krumm as its new Chief Financial Officer, effective January 6, 2025. Krumm, who brings over 20 years of experience across industrial, chemical, and healthcare industries, will succeed interim CFO Jaime Martinez. Previously serving as EVP and CFO at APi Group and holding various roles at Ecolab Inc., Krumm will report to CEO Revathi Advaithi and focus on driving the company's long-term financial strategy and creating shareholder value.
Flex (NASDAQ: FLEX) has completed its $325 million all-cash acquisition of Crown Technical Systems, a leader in power distribution and protection systems. The acquisition enhances Flex's exposure to growing markets, including modular data center adoption and medium voltage power distribution, while extending its power portfolio into the utility power market. Crown Technical Systems is projected to generate approximately $120 million in revenue with high-teens EBITDA margin in fiscal 2025. The acquired company will be integrated into Flex's Industrial Business unit within the Reliability Solutions segment.
Flex (NASDAQ: FLEX) has acquired JetCool Technologies, a leading liquid cooling company for data centers, to enhance its data center and power portfolio. The acquisition strengthens Flex's ability to address increasing power, thermal density, and cooling requirements for AI workloads and high-performance computing. JetCool, founded in 2019 and based in Massachusetts, provides advanced liquid cooling solutions including cold plates, direct liquid-to-chip products, and complete cooling systems. Their recent Coolant Distribution Unit can cool racks up to 300kW and scale to over 2MW cooling capacity. The integration combines JetCool's cooling technologies with Flex's IT infrastructure expertise and global manufacturing capabilities.
Flex (NASDAQ: FLEX) has been awarded Cisco's 2024 Excellence in ESG award at Cisco's annual Supplier Appreciation Event. The award recognizes Flex's leadership in sustainability, social governance, and corporate citizenship, exceeding Cisco's Supplier Code of Conduct standards.
The announcement was made at Cisco's 33rd consecutive Supplier Appreciation Event, where hundreds of executives from Cisco's component suppliers and partners gathered. Rob Campbell, President of Communications, Enterprise and Cloud at Flex, emphasized the importance of collaboration across the value chain for advancing global sustainability. The recognition highlights Flex's commitment to sustainable manufacturing practices and responsible operations.
Nextracker (Nasdaq: NXT) announced its Q2 FY25 financial results, reporting revenue of $636 million, a GAAP Gross Profit of $225 million, and a GAAP Net Income of $117 million. The GAAP Diluted EPS stood at $0.79. Adjusted metrics showed Gross Profit at $228 million and Net Income at $145 million, with Adjusted Diluted EPS of $0.97. The company highlighted strong demand and execution, leading to a reaffirmed FY25 revenue outlook of $2.8 to $2.9 billion and a raised profit outlook. GAAP Net Income is projected between $378 to $408 million, and Adjusted EBITDA is expected at $625 to $665 million.
Business highlights include the unveiling of NX Foundation Solutions, signing 100% U.S. domestic content project contracts, and expanding the manufacturing footprint. The company also inaugurated India's first R&D Center for Solar Excellence in Hyderabad.
Flex (NASDAQ: FLEX) reported its Q2 fiscal 2025 results with net sales of $6.5 billion and GAAP net income of $214 million. The company achieved GAAP EPS of $0.54 and adjusted EPS of $0.64. For Q3 FY2025, Flex projects revenue between $6.0-6.4 billion and GAAP EPS of $0.42-0.48. The company updated its FY2025 guidance, expecting revenue of $24.9-25.5 billion and GAAP EPS of $1.77-1.89. The quarter also featured the announcement of the pending Crown Technical Systems acquisition, aimed at expanding into higher value markets.
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