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) will release its third quarter fiscal 2023 financial results on January 25, 2023, after market close. A conference call will follow at 1:30 p.m. PT to discuss these results. Investors can access the live webcast on the company’s investor relations website. Flex is a global manufacturing partner, providing innovative solutions across various industries, backed by a workforce operating in 30 countries.
Flex (NASDAQ: FLEX) will participate in the Credit Suisse 26th Annual Technology Conference on November 29, 2022. The leadership team's presentation is scheduled for 7:55am PT / 10:55am ET and will be accessible via a live webcast on the Flex Investor Relations website. Additionally, an archived replay will be available post-presentation. Flex is known for its global manufacturing solutions and commitment to sustainability across diverse industries.
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Flex (NASDAQ: FLEX) reported its second quarter fiscal year 2023 results with net sales of $7.8 billion, a 5% increase year-over-year. GAAP net income reached $232 million or $0.50 per share, while adjusted net income was $289 million or $0.63 per share. For the upcoming third quarter, Flex anticipates revenue between $7.3 billion and $7.7 billion and GAAP EPS of $0.46 to $0.52. Fiscal year 2023 guidance has been updated to project revenue of $29.1 billion to $30.1 billion and adjusted EPS ranging from $2.20 to $2.35.
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Flex's factory in Sorocaba, Brazil, has been recognized as part of the World Economic Forum's Global Lighthouse Network due to its adoption of Industry 4.0 technologies and a focus on sustainability. This factory is the second of Flex's facilities to receive this honor, underscoring its commitment to operational efficiency and employee well-being. Key innovations include an IIoT-enabled performance system, a circular economy ecosystem that reduced material waste by 94%, and upskilling of over 200 employees. This recognition highlights Flex’s leadership in sustainable manufacturing.
Flex (NASDAQ: FLEX) will announce its second quarter fiscal 2023 financial results after market close on October 26, 2022. A conference call is scheduled for 1:30 p.m. PT to discuss the results. The live webcast will be available on the Flex Investor Relations site, with a replay and supporting materials offered post-event. Flex positions itself as a leading manufacturing partner across various sectors, leveraging a global workforce in 30 countries and focusing on sustainable operations.
Flex (NASDAQ: FLEX) has appointed Maryrose T. Sylvester to its Board of Directors, effective September 23, 2022. Ms. Sylvester, with a strong background in industrial leadership and technology, will also serve on the Compensation and People Committee. She has previously held key roles at ABB Group and GE, where she drove significant growth. Michael D. Capellas, Chair of the Flex Board, emphasized her extensive experience in global industrial businesses and her proven track record. Flex remains committed to delivering innovative manufacturing solutions globally.
Flex (NASDAQ: FLEX) announced the appointment of Christopher Butler as President of the Industrial Business, effective immediately. Reporting to Becky Sidelinger, Butler will oversee business planning and strategy for the Core Industrial and Power markets. He brings over 25 years of experience from Eaton Corporation, where he held leadership positions in the Critical Power and Digital Infrastructure Division. His expertise is expected to enhance growth and innovation for Flex's industrial customers.
Flex (NASDAQ: FLEX) announced its participation in two upcoming investor conferences. The Citi's 2022 Global Technology Conference will take place on September 7, 2022, with a presentation at 10:00am PT. The Goldman Sachs Communacopia + Technology Conference is scheduled for September 12, 2022, at 11:30am PT. Both presentations will be available as live webcasts on the Flex Investor Relations website, with archived replays accessible shortly after each event. Flex is known for delivering technology innovation and manufacturing solutions across diverse industries.