Flex

Flex Ltd. operates as a manufacturing services company. It delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. The firm operates through the following segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The Flex Agility Solutions segment comprised of Communications, Enterprise and Cloud (CEC) includes data infrastructure, edge infrastructure and communications infrastructure, Lifestyle includes appliances, consumer packaging, floorcare, micro mobility and audio and, Consumer Devices include mobile and high velocity consumer devices. The Flex Reliability Solutions segment comprised of Automotive includes autonomous, connectivity, electrification, and smart technologies, Health Solutions includes medical devices, medical equipment and drug delivery and Industrial includes capital equipment, industrial devices, renewable including Nextracker business, grid edge, and power systems. The company was founded in May 1990 and is headquartered in Singapore.

Earnings data Q4 2021

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Flex reports record revenue growth and strategic focus on margin improvement

Flex's strong financial performance in Q4 and fiscal '23, along with its successful IPO and record automotive wins, position the company for continued growth. However, supply constraints and segment-specific revenue declines present challenges. The company's focus on regionalization, higher-margin products, and stock repurchase reflects a strategic approach to capitalize on opportunities and manage challenges.

Flex reports solid Q2 performance, eyes growth in AI and renewable energy

Flex's Q2 performance was solid, with notable strengths in secular-driven markets and various growth opportunities. However, challenges were observed in consumer-facing markets and a difficult comp in CEC. The company remains optimistic about the opportunities in AI, cloud, healthcare, automotive, and renewable energy transition.

Flex reports robust Q3 earnings, eyes growth amid challenges

Flex's Q3 performance was strong, with revenue growth and increased guidance for the full year. The company faces challenges from semiconductor shortages but is investing in long-term growth. Opportunities lie in continued growth in core business units and operational efficiency improvements.

Flex reports robust Q4 earnings, addresses supply chain challenges

Flex's Q4 and full-year fiscal '23 results reflect strong revenue growth and improved earnings, despite supply chain challenges.
The company's focus on operational capabilities, regionalization, and capital allocation highlights its commitment to long-term value creation.
Challenges in the supply chain and margin improvement require attention, but opportunities in higher-margin sectors and automation strategies offer growth potential.
Flex's strategic guidance for Q1 and fiscal '24 positions the company for continued revenue growth and margin enhancement, emphasizing shareholder value.

Flex reports steady Q1 performance, eyes growth in key markets

Flex's Q1 2024 performance was steady, with strength in key markets offsetting challenges in consumer-facing and enterprise IT segments. The company's focus on margin improvement, strategic cash management, and investments in technology positions it well for future growth. Flex's emphasis on share repurchases and growth opportunities underscores its commitment to enhancing shareholder value.

Flex reports Q2 revenue decline, focuses on growth markets

Flex's Q2 performance saw revenue decline, but strong free cash flow and focus on growth markets. Challenges include revenue decline and margin pressures, with opportunities in margin expansion and operational efficiency. Flex's strategic focus on next-gen markets and capital allocation for EPS growth are key highlights.

Flex reports robust Q3 earnings, eyes growth in AI and data centers

Flex's Q3 performance was strong, with solid financial metrics and a focus on key growth areas like AI and data centers. While facing challenges in certain end markets, the company sees opportunities in Cloud, electrification, and market share expansion.

Flex surpasses Q1 revenue expectations, faces CFO transition challenge

Flex's Q1 performance exceeded expectations with strong revenue, margin, and EPS growth.
Despite challenges like CFO departure and segment outlook, the company's operational strength is evident.
Opportunities in key end markets and focus on shareholder value creation position Flex for continued growth.

Flex reports robust Q2 earnings, eyes data center growth

Flex's strong Q2 performance, focus on higher-value markets, and strategic acquisitions position it for continued growth and value creation.
While challenges like market competition and external factors exist, Flex's confidence in margin expansion and EPS growth underscores its resilience.
Opportunities lie in leveraging data center growth, innovation, and partnerships to drive future success and enhance shareholder value.

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Flex Ltd. operates as a manufacturing services company. It delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. The firm operates through the following segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The Flex Agility Solutions segment consists of Communications, Enterprise and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure, Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio and, Consumer Devices including mobile and high velocity consumer devices. The Flex Reliability Solutions segment consists of Automotive, including autonomous, connectivity, electrification, and smart technologies, Health Solutions, including medical devices, medical equipment and drug delivery, Industrial, including capital equipment, industrial devices, and Renewable, including NEXTracker business, grid edge, and power systems. The company was founded by Joe McKenzie and Barbara-Ann McKenzie in 1969 and is headquartered in Austin, TX.

SAN JOSE, Calif. , Feb. 2, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced that the company has been named one of the World's Most Admired Companies by Fortune magazine in the Electronics category.

Flex recognized as one of Fortune World's Most Admired Companies 2023

SAN JOSE, Calif. , Feb. 1, 2023 /PRNewswire/ -- Flex Ltd.

Nextracker Announces Launch of Initial Public Offering

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FLEX third-quarter fiscal 2023 performance was boosted by strong demand across all business segments amid macroeconomic disruptions.

FLEX Q3 Earnings and Revenues Top Estimates, Increase Y/Y

Flex (FLEX) delivered earnings and revenue surprises of 3.33% and 3.69%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Flex (FLEX) Surpasses Q3 Earnings and Revenue Estimates

Flex Ltd. (NASDAQ:FLEX ) Q3 2023 Earnings Conference Call January 25, 2023 4:30 PM ET Company Participants David Rubin - Investor Relations Revathi Advaithi - Chief Executive Officer Paul Lundstrom - Chief Financial Officer Conference Call Participants Steven Fox - Fox Advisors Shannon Cross - Credit Suisse Mark Delaney - Goldman Sachs Matt Sheerin - Stifel Ruplu Bhattacharya - Bank of America Paul Chung - J.P. Morgan Jim Suva - Citigroup Operator Good afternoon, and thank you for standing by.

Flex Ltd. (FLEX) Q3 2023 Earnings Call Transcript

Electronics contract manufacturer Flex topped estimates for its fiscal third quarter. But its guidance disappointed.

Contract Manufacturer Flex Bends On Lowered Earnings Outlook

SAN JOSE, Calif. , Jan. 25, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its third quarter ended December 31, 2022.

FLEX REPORTS THIRD QUARTER FISCAL 2023 RESULTS

FLEX's fiscal third-quarter performance is likely to have benefited from increased demand for its industrial and automotive segments.

FLEX Set to Report Q3 Earnings: Here's What You Should Know

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Flex factory site in Brazil  honored for developing a holistic circular economy ecosystem through implementation of smart factory utilities management and IoT sensors SAN JOSE, Calif. , Jan. 17, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced its factory site in Sorocaba, Brazil has been designated as a Sustainability Lighthouse, a special distinction of the World Economic Forum's Global Lighthouse Network (GLN).

Flex factory in Sorocaba recognized as the first Sustainability Lighthouse in Brazil by the World Economic Forum

Flex's subsidiary, Nextracker, plans to launch an IPO to offer Class A common stock.

FLEX's Subsidiary Nextracker Files for an IPO Offering

Nextracker intends to list its common stock on Nasdaq under the ticker symbol "NXT" SAN JOSE, Calif. , Jan. 13, 2023 /PRNewswire/ -- Flex Ltd.

Nextracker Files Registration Statement for Proposed Initial Public Offering

SAN JOSE, Calif. , Jan. 11, 2023 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its third quarter fiscal 2023 financial results after the market closes on Wednesday, January 25, 2023.

Flex Announces Date for Third Quarter Fiscal 2023 Earnings Call

FLEX stock was one of the stronger performers in 2022, but the mid-cap stock has a high beta value that may not suit every investor

Is Your Portfolio Flexible Enough for FLEX Stock?

Flex has had a great 6 months as its OEM manufacture partnerships have performed well in a difficult market. With major investments in equipment for renewables, electric cars, and automation, Flex is well-positioned to benefit from a world in transition in energy and transport.

Flex Ltd.: Behind The Scenes Renewables Manufacturer

Most tech stocks have cratered in the last year, but not Flex Ltd. With strong free cash flow and management's shareholder focus, I see more upside ahead.

Flex: Shares Burst Through Resistance, Valuation And Free Cash Flow Still Attractive

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Are Computer and Technology Stocks Lagging Flex (FLEX) This Year?

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Flex (FLEX) is a Top-Ranked Value Stock: Should You Buy?

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Flex (FLEX), Plexus (PLXS), Model N (MODN), Clearfield (CLFD) and Harmonic (HLIT) have survived the mayhem and appear poised for a healthy growth momentum in 2023.

News for Flex Stock (FLEX)