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. (NASDAQ: FLEX) generates a steady stream of news as it executes its EMS + Products + Services strategy and expands its role in technology-intensive markets. As a Singapore-incorporated, Nasdaq-listed manufacturing partner with a global footprint spanning 30 countries, Flex issues regular updates on financial performance, data center initiatives, healthcare collaborations, and capital markets activity.
Investors following FLEX news will see earnings announcements and guidance updates, including quarterly results and outlooks that the company furnishes via press releases and Form 8-K filings. These communications often discuss portfolio mix, adjusted operating margins, and the contribution of higher-value businesses such as data center infrastructure.
Flex also releases news about its data center power and cooling capabilities. Recent announcements describe deployments of rack-level, vertically integrated liquid cooling solutions at the Equinix Co-Innovation Facility, as well as a partnership with LG Electronics to co-develop integrated, modular cooling solutions for high-density AI data centers. Such updates highlight how Flex addresses power, heat, and scale challenges in AI and high-performance computing environments.
In the healthcare and drug delivery space, Flex has reported recognition for its Health Solutions business, including a 2025 PDA Drug Delivery Innovation Award for a connected autoinjector developed with Merck KGaA, Darmstadt, Germany. These stories illustrate the company’s involvement in patient-centric devices and digital health ecosystems.
Regulatory and capital markets news includes filings related to senior note issuances under its shelf registration statement, share repurchase authorizations, and annual meeting results. For investors and observers, the FLEX news feed offers a consolidated view of the company’s operational progress, strategic partnerships, and financial disclosures. Bookmarking this page allows users to monitor how Flex’s manufacturing, data center, and healthcare activities evolve over time.
Nextracker (Nasdaq: NXT) announced that its leaders will present at the J.P. Morgan Energy, Power & Renewables Conference on June 17, 2024.
The presentation will take the form of a Fireside Chat, scheduled for 10:10 a.m. PT / 1:10 p.m. ET.
A live webcast will be available on Nextracker's investor relations website, with a replay accessible after the event.
Flex (NASDAQ: FLEX) has acquired FreeFlow to enhance its reverse logistics and circular economy services. This acquisition aims to provide additional revenue streams and promote sustainability by utilizing second life products. FreeFlow's B2B marketplace allows for the sale of surplus and returned inventory while safeguarding primary sales channels. This move will expand Flex's services across various markets, including data centers and lifestyle products, enhancing post-sale services like repair, refurbishment, and asset recovery.
Michael Hartung, Flex's president of Agility Solutions, stated that this acquisition aligns with Flex's commitment to meeting customer needs and increasing market reach. Flex plans to broaden FreeFlow's capabilities into additional industries and regions to foster sustainable solutions.
Flex (NASDAQ: FLEX) announced that its leadership team will participate in the Bank of America Global Technology Conference 2024, scheduled for June 5, 2024.
The presentation will start at 11:20am CT / 12:20pm ET and will be available as a live webcast via Flex's Investor Relations website.
An archived replay of the presentation will also be accessible on the website shortly after it concludes.
Nextracker (Nasdaq: NXT), a leader in intelligent solar tracker and software solutions, reported its financial results for Q4 and FY2024. The company achieved record revenue of $2.5 billion, a 31% increase YoY, and a GAAP net income of $496 million, with diluted EPS of $3.37.
Adjusted EBITDA surged by 150% to $521 million. The company also reported operating cash flow of $429 million and adjusted free cash flow of $427 million. Nextracker shipped over 100 gigawatts globally, marking a significant milestone.
For Q4 FY2024, revenue grew by 42% YoY to $737 million, with GAAP net income of $223 million and diluted EPS of $1.51. The company has a record backlog exceeding $4 billion, indicating strong demand. FY2025 revenue guidance is set between $2.8 billion and $2.9 billion.
Flex (NASDAQ: FLEX) announced upcoming changes to its Board of Directors, with Michael D. Capellas deciding not to stand for re-election at the 2024 Annual General Meeting. William D. Watkins will succeed him as Chair of the Board. The transition is part of Flex's succession plan to ensure continuity and leadership.
Flex reported strong financial results for the fourth quarter and fiscal year 2024, with net sales of $6.2 billion in Q4 and $26.4 billion for the fiscal year. The company showed solid performance with GAAP operating income of $159 million in Q4 and $853 million for the fiscal year, and adjusted operating income of $333 million in Q4 and $1,267 million for the fiscal year. Additionally, Flex reported GAAP net income from continuing operations of $395 million in Q4 and $872 million for the fiscal year, with adjusted net income of $244 million in Q4 and $947 million for the fiscal year. The company's GAAP earnings per share from continuing operations were $0.93 in Q4 and $1.98 for the fiscal year, while adjusted earnings per share were $0.57 in Q4 and $2.15 for the fiscal year.
CEO Revathi Advaithi highlighted strong margin expansion and EPS growth, emphasizing the company's ability to create value for stakeholders. Flex provided guidance for the first quarter fiscal 2025, with revenue expected to be between $5.6 billion and $6.2 billion, and GAAP EPS projected to be $0.11 to $0.19. For the full fiscal year 2025, revenue is forecasted to be $25.4 billion to $26.4 billion, with GAAP EPS estimated at $1.61 to $1.81. The company's adjusted EPS for fiscal year 2025 is expected to be between $2.30 and $2.50, excluding certain charges.
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