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. reports developments around its advanced manufacturing, supply chain, product design and lifecycle services for technology and industrial customers. Company news commonly covers operating results, margin trends, capital allocation, portfolio optimization and customer programs across end markets such as communications, cloud and enterprise infrastructure, consumer devices, automotive, health solutions and industrial products.
Recent company updates also cover Flex's Critical Power and data-center infrastructure capabilities, including power control, protection, cooling and scalable IT infrastructure used in utility, power generation and AI data-center applications. News may include completed acquisitions such as Electrical Power Products, expanded manufacturing partnerships, automation deployments, material agreements and governance changes tied to Flex's global manufacturing footprint.
Flex (NASDAQ: FLEX) has been named one of the 2025 World's Most Ethical Companies® by Ethisphere for the third consecutive year in the industrial manufacturing category. This recognition highlights the company's dedication to ethics, compliance, and governance practices.
The company is among 136 honorees across 19 countries and 44 industries in Ethisphere's 19th annual recognition program. A key feature of Flex's ethics program is its integrated compliance scorecard, which helps leaders assess performance, manage risks, and identify trends across global operations.
The selection process utilizes Ethisphere's Ethics Quotient®, requiring companies to provide over 240 proof points on various practices, including ethics and compliance, governance, cultural ethics, environmental and social impact, and value chain initiatives. The assessment involves detailed qualitative analysis by expert panels who evaluate applicants' ethical business practices.
Flex (NASDAQ: FLEX) announced the expansion of its U.S. manufacturing capacity with a new 400,000-square-foot facility in Dallas focused on power products. The facility will significantly boost production capacity for power infrastructure solutions, including power pods, power distribution units, and low-voltage switchgear.
Following the acquisition of Crown Technical Systems in October 2024, the Dallas facility will serve as a central hub for technical power pod fabrication and assembly with utility-grade capabilities. The strategic investment aims to meet rising power infrastructure demands driven by AI adoption and reduce production lead times for U.S. customers.
The expansion leverages Flex's experience in scaling power pod production in EMEA and reinforces the company's commitment to meeting increasing domestic demand for power solutions.
Husqvarna (NASDAQ: HSQVY) and Flex (NASDAQ: FLEX) have announced a strategic manufacturing partnership focused on the North American market. The collaboration aims to enhance Husqvarna's supply chain flexibility, efficiency, and time to market while expanding Flex's Lifestyle portfolio into outdoor and power equipment.
Under the agreement, Flex will provide supply chain and manufacturing services to Husqvarna, leveraging its vertically-integrated manufacturing capabilities, including metal fabrication, distribution, and aftermarket services in the U.S. Husqvarna will maintain its leadership in product innovation and design, while benefiting from Flex's 50+ years of experience in partnering with market-leading brands.
Flex (NASDAQ: FLEX) reported strong Q3 fiscal 2025 results with net sales of $6.6 billion and GAAP net income of $263 million. The company achieved GAAP EPS of $0.67 and adjusted EPS of $0.77, marking a record quarter for adjusted operating margin.
For Q4 fiscal 2025, Flex projects revenue between $6.0-6.4 billion and GAAP EPS of $0.48-0.56. The company updated its fiscal year 2025 guidance, expecting revenue of $25.4-25.8 billion and GAAP EPS of $2.02-2.10.
CEO Revathi Advaithi highlighted that consistent margin expansion stems from improving mix and efficiency across all business units.
Nextracker (NXT) reported Q3 FY25 financial results with revenue of $679 million, compared to $710 million in Q3 FY24. The company showed improved profitability metrics, with GAAP gross margin increasing to 35.5% from 29.5% year-over-year. Q3 FY25 GAAP net income was $117 million with EPS of $0.79.
The company achieved record backlog exceeding $4.5 billion and expanded its manufacturing network to over 70 partners across 19 countries. Notable operational highlights include shipping the first 100% U.S. domestic content solar trackers and launching new products like NX Horizon Hail Pro™.
Nextracker reaffirmed its FY25 revenue outlook of $2.8-2.9 billion and raised its profit guidance, with adjusted EBITDA now expected at $700-740 million and adjusted EPS at $3.75-3.95.
Nextracker (NXT) and UC Berkeley Engineering have announced a strategic partnership to establish the CALNEXT Center for Solar Energy Research, supported by Nextracker's $6.5 million contribution. The center aims to advance solar power plant technology and develop engineering leaders for future energy needs.
The initiative will include a leading-edge research program and a planned state-of-the-art solar test field. The center will focus on enhancing power plant performance and operations, while integrating cutting-edge solar technologies into UC Berkeley's engineering and environmental science programs. Students will benefit from hands-on learning experiences, access to industry tools, and Nextracker's internship and mentoring programs.
The center was established through collaboration between Tarek Zohdi (associate dean for research at UC Berkeley Engineering and CALNEXT director), Francesco Borrelli (professor of mechanical engineering and co-director), and Alex Au (Nextracker's co-founder and CTO).
Flex (NASDAQ: FLEX) has scheduled its third quarter fiscal 2025 earnings announcement and conference call. The company will release its financial results before market opening on Wednesday, January 29, 2025. A conference call to discuss the results will be held the same day at 7:30 AM (CT) / 8:30 AM (ET).
The earnings presentation will be accessible via live webcast on the Flex Investor Relations website at investors.flex.com. Following the event, the webcast replay and supporting materials will be made available on the IR website.
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.