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Flex Ltd - FLEX STOCK NEWS

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.

Flex Ltd (FLEX) delivers cutting-edge electronics design and manufacturing solutions across industries like automotive, healthcare, and data centers. This page provides investors and professionals with verified company news, including press releases and strategic updates.

Access comprehensive coverage of earnings announcements, product innovations, and supply chain developments. Our curated repository ensures you stay informed about operational milestones, leadership changes, and market expansions without speculative commentary.

Key updates include advancements in Flex Agility Solutions for consumer tech markets and Flex Reliability Solutions for industrial applications. Bookmark this page for real-time insights into how FLEX addresses power distribution challenges and scales manufacturing for AI-driven industries.

Check back regularly for neutral, fact-based reporting that supports informed decision-making. All content adheres to financial compliance standards while maintaining accessibility for both casual observers and expert analysts.

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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 (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 (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 (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 (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 (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 Inc. (Nasdaq: NXT) completes spin-off from Flex Ltd., resulting in ownership separation.
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Nextracker Inc. (Nasdaq: NXT) strengthens its Board with accomplished energy sector executives Julie Blunden and Howard Wenger, while parting ways with six Flex employee Board members.
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Flex (NASDAQ: FLEX) Announces Spin-Off of Nextracker Inc. and Merger with Yuma Inc. with Record Date and Distribution Date Set
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Nextracker (NXT) Achieves 10 GW Milestone in the Middle East, Africa, and India
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Flex Ltd

Nasdaq:FLEX

FLEX Rankings

FLEX Stock Data

12.08B
380.28M
0.71%
106.13%
2.53%
Electronic Components
Printed Circuit Boards
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United States
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