Flex Ltd Stock Price, News & Analysis

Flex (NASDAQ: FLEX) announced participation in the Fox Advisors Transportation Technology Conference 2021 on June 22, 2021, at 10:00am PT / 1:00pm ET. The event will feature Mike Thoeny, President of Flex Automotive Business Group, and David Rubin, VP of Investor Relations. Interested parties can register for the live webcast here and find a replay on the Flex Investor Relations website. Flex is known for offering innovative manufacturing and supply chain solutions across various industries.

Flex has partnered with EMist to rapidly increase production of its EX-7000™ Backpack Disinfectant Sprayer in response to rising demand for disinfecting products due to COVID-19. Flex implemented design changes that cut the usual ramp-up time from 120 days to just 67. The EX-7000 features EPIX Charge Detect™ Technology for efficient disinfectant application. The partnership highlights the growing emphasis on cleanliness in public spaces, as supported by a Consumer Reports survey showing 80% of Americans prioritize health safety in businesses.

Flex reported strong financial results for Q4 and FY 2021, with net sales of $6.3 billion in Q4 and $24.1 billion for the fiscal year. GAAP net income reached $240 million for Q4 and $613 million for the year, translating to GAAP earnings per share of $0.47 and $1.21, respectively. Looking ahead, Flex issued guidance for Q1 FY 2022, anticipating revenue between $5.9 billion and $6.3 billion and GAAP EPS of $0.26 to $0.32. The company is optimistic about continued growth in FY 2022.

Nextracker Inc. submitted a draft registration statement on Form S-1 to the SEC for a proposed IPO of its Class A common stock. The timing of the IPO will depend on market conditions and SEC review. This announcement is not an offer to sell or solicit securities. Flex, the manufacturing partner of choice, aims to deliver technology innovation and sustainable manufacturing solutions globally across diverse industries.

Flex (NASDAQ: FLEX) will announce its fourth quarter and fiscal year 2021 financial results on May 5, 2021, before market open. A conference call will take place at 8:00 a.m. PT (11:00 a.m. ET) on the same day to discuss the results. Investors can join via dial-in at 877-201-0168 with passcode Q4Flex. The call will be available for replay on the Flex Investor Relations website.

Flex (NASDAQ: FLEX) announced plans to halve operational emissions by 2030 as part of a sustainability strategy. The company has joined the Science Based Targets initiative (SBTi) to align reduction targets across scope 1, 2, and 3 emissions. Key commitments include reducing absolute greenhouse gas emissions by 50% from 2019 levels, requiring suppliers to set emissions targets, achieving zero waste in half of its sites by 2025, and reducing water withdrawal by 5%. This initiative reflects Flex's dedication to sustainable practices and addressing climate change.

Flex (NASDAQ: FLEX) announced that Lynn Torrel, Chief Procurement and Supply Chain Officer, has been recognized in Supply & Demand Chain Executive's 2021 list of Pros to Know. This accolade highlights her leadership in managing a complex supply chain during the challenges of the global pandemic. Torrel attributed the success to her world-class team, emphasizing collaboration and creativity. The recognition reflects Flex's commitment to innovative solutions in a crisis, showcasing their adaptability and resilience in maintaining supply chain operations, which is crucial for business continuity.