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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 (NASDAQ: FLEX) will release its fourth quarter and fiscal 2023 financial results after market close on May 10, 2023. A conference call will take place on the same day at 1:30 p.m. PT (4:30 p.m. ET) to discuss the results. Investors can access the live audio webcast and supporting materials on the Flex Investor Relations website. Flex operates across 30 countries, providing innovative manufacturing and supply chain solutions to a diverse customer base, enhancing product design and building.
Flex (NASDAQ: FLEX) has been recognized as one of the 2023 World's Most Ethical Companies in the industrial manufacturing category by Ethisphere. This acknowledgment highlights Flex's commitment to business integrity and superior ethics, compliance, and governance practices. In total, 135 organizations were honored from 19 countries across 46 industries. Flex's CEO, Revathi Advaithi, attributed this recognition to the dedication of its 170,000 employees and the company's values-driven culture. The evaluation process included over 200 questions focused on corporate governance, ethics, and sustainability, ensuring rigorous standards were met.
SAN JOSE, Calif., Feb. 22, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced that its leadership team will participate in the Raymond James 2023 Institutional Investors Conference on March 7, 2023. The presentation is scheduled for 11:15 am PT / 2:15 pm ET and will be accessible via live webcast on the Flex Investor Relations website. An archived replay will be available after the event. Flex is recognized as a leading manufacturing partner, delivering innovative technology and supply chain solutions globally across various industries.
Flex Ltd. (NASDAQ: FLEX) announced the full exercise of the underwriters' option to purchase an additional 3,990,000 shares of Nextracker's Class A common stock at $24.00 per share, part of an upsized initial public offering totaling 26,600,000 shares. The offering's net proceeds are expected to be approximately $693.8 million, aimed at purchasing 30,590,000 LLC Common Units from Nextracker's parent company. J.P. Morgan, BofA Securities, Citigroup, and Barclays are joint lead book-running managers for the offering, which was made effective by the SEC on February 8, 2023.
Flex Ltd. announced that its subsidiary, Nextracker Inc., has priced an upsized initial public offering (IPO) of 26,600,000 shares of Class A common stock at $24.00 per share. Trading on Nasdaq under the symbol 'NXT' is set to begin on February 9, 2023, with the offering closing on February 13, 2023, barring any customary conditions. The offering includes a 30-day option for underwriters to purchase an additional 3,990,000 shares. Major banks managing the offering include J.P. Morgan and BofA Securities. A registration statement was declared effective by the SEC on February 8, 2023.
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