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Flex Ltd. Ordinary Shares - FLEX STOCK NEWS

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.

News

Flex to Participate in Upcoming Investor Conference

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Flex to Participate in Raymond James 2024 Institutional Investors Conference on March 4, 2024
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ACWA Power and Larsen & Toubro Select Nextracker’s All-Terrain Solar Trackers for Al Kahfah Solar Park

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Nextracker (NXT) to provide NX Horizon-XTR™ solar tracker for 1.17 GW Al Kahfah Solar Power Plant in Saudi Arabia. The project aims to advance the National Renewable Energy Program, with ACWA Power and Larsen & Toubro as key partners. The smart solar tracking system will enhance energy yield while minimizing environmental impact on the project site.
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Nextracker to Present at Upcoming Investor Conferences

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Nextracker (Nasdaq: NXT) will present at investor conferences including Bank of America 2024 Power, Utilities and Clean Energy Conference, ROTH Conference, and Piper Sandler Energy Conference. Webcasts and replays will be accessible on Nextracker's IR website.
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Nextracker Accelerates in Distributed Generation (DG) Solar with Two New Strategic Value-Added Reseller Partners and Over 600 DG Projects Delivered

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Nextracker (Nasdaq: NXT) has delivered over 600 projects in its distributed generation portfolio, with its NX Horizon™ solar tracker systems driving significant energy gains. The company has entered into agreements with channel partners to support its global ecosystem of DG solar infrastructure. The partnerships aim to enable customers to scale their DG projects more rapidly in the commercial and industrial segment, addressing the smaller utility-scale market and DG solar power generation applications typically under 30 megawatts.
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Nextracker Reports Q3 FY24 Financial Results

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Nextracker (NXT) achieved record revenue and profits in Q3 FY2024, with revenue reaching $710 million, up 38% YoY, and GAAP net income of $128 million. The company also raised its FY24 guidance, projecting revenue of $2.425 billion to $2.475 billion and GAAP net income of $374 million to $429 million. Nextracker's strong execution, significant revenue growth, and supply chain optimization contributed to a high-quality balance sheet with total liquidity of approximately $800 million.
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FLEX REPORTS THIRD QUARTER FISCAL 2024 RESULTS

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Flex (FLEX) announced strong third-quarter fiscal year 2024 results with net sales of $7.1 billion, GAAP operating income of $348 million, and adjusted operating income of $477 million. The company's CEO, Revathi Advaithi, highlighted strong execution and market positioning. Fourth-quarter guidance was provided, excluding economic interest in Nextracker, with revenue projected at $5.8 billion to $6.4 billion and GAAP EPS at $0.38 to $0.48. Fiscal year 2024 guidance was updated, with projected revenue of $27.7 billion to $28.3 billion and adjusted EPS of $2.47 to $2.57. The completion of the spin-off of remaining interest in Nextracker to Flex shareholders was also reported.
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Nextracker to Announce Third Quarter Fiscal 2024 Results on January 31, 2024

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Nextracker (NXT) will release its Q3 FY2024 financial results on January 31, 2024, followed by a conference call at 1:30 p.m. PT / 4:30 p.m. ET. The live webcast will be available on investors.nextracker.com, with a replay and supporting materials accessible on the Nextracker IR website.
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Flex Announces Date for Third Quarter Fiscal 2024 Earnings Call

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Flex (NASDAQ: FLEX) to announce third quarter fiscal 2024 financial results on January 31, 2024. Conference call to discuss the results will be held at 1:30 p.m. Pacific Time.
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FLEX ANNOUNCES COMPLETION OF THE SPIN-OFF OF ITS REMAINING INTEREST IN NEXTRACKER

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Flex (NASDAQ: FLEX) completes spin-off of Nextracker Inc. (NASDAQ: NXT), distributing approximately 0.17 shares of Nextracker Class A common stock for every Flex ordinary share held as of December 29, 2023 record date. Flex shareholders receive cash in lieu of fractional shares. Flex no longer holds any Nextracker common stock or convertible securities. Flex ordinary shares continue to trade on Nasdaq under ticker symbol 'FLEX' and Nextracker Class A common stock under ticker symbol 'NXT'.
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Nextracker Announces Completion of Its Separation from Flex

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Nextracker Inc. (Nasdaq: NXT) completes spin-off from Flex Ltd., resulting in ownership separation.
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FAQ

What is the current stock price of Flex Ltd. Ordinary Shares (FLEX)?

The current stock price of Flex Ltd. Ordinary Shares (FLEX) is $40.53 as of November 21, 2024.

What is the market cap of Flex Ltd. Ordinary Shares (FLEX)?

The market cap of Flex Ltd. Ordinary Shares (FLEX) is approximately 16.0B.

What does Flex Ltd. do?

Flex Ltd. is a sketch-to-scale™ solutions company that designs and builds intelligent products for a connected world, providing design, engineering, manufacturing, supply chain, and logistics services.

What markets does Flex Ltd. serve?

Flex Ltd. serves various markets through its Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS) segments, including Communications, Enterprise and Cloud, Lifestyle, Consumer Devices, Automotive, Health Solutions, and Industrial.

Where can I find Flex Ltd.'s latest financial results?

Flex Ltd.'s latest financial results are available on their Investor Relations website at investors.flex.com.

How many employees does Flex Ltd. have?

Flex Ltd. has a global workforce of over 200,000 professionals across 30 countries.

What recent acquisitions has Flex Ltd. made?

In May 2024, Flex Ltd. acquired FreeFlow, a company specializing in asset disposition and digital circular economy tracking, enhancing Flex’s services in reverse logistics and sustainability analytics.

Who is the CEO of Flex Ltd.?

Revathi Advaithi is the CEO of Flex Ltd.

What is Flex Ltd.'s approach to sustainability?

Flex Ltd. is committed to sustainability through innovative design, engineering, and lifecycle management services, including the recent addition of sustainability analytics and circular economy solutions.

Where can I find more information on career opportunities at Flex Ltd.?

For more information about career opportunities at Flex, you can visit www.flextronics.com/careers.

How does Flex Ltd. support its diverse customer base?

Flex Ltd. supports its diverse customer base by offering comprehensive design, engineering, manufacturing, supply chain, and logistics services across different industries and end-markets.

What are Flex Agility Solutions and Flex Reliability Solutions?

Flex Agility Solutions (FAS) serves markets like Communications, Enterprise and Cloud, Lifestyle, and Consumer Devices. Flex Reliability Solutions (FRS) caters to Automotive, Health Solutions, and Industrial markets.

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Flex Ltd. Ordinary Shares

Nasdaq:FLEX

FLEX Rankings

#649 Ranked by Market Cap
N/A Ranked by Dividends

FLEX Stock Data

15.96B
384.97M
0.68%
103.12%
2.47%
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