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 will announce its first quarter fiscal 2023 financial results after market close on July 27, 2022. A conference call will follow that day at 1:30 PM PT to discuss these results. Investors can access the live webcast on the Flex Investor Relations website, where the replay will also be available. Flex, a leading manufacturing partner, supports various industries by providing technology innovation and sustainable operations across 30 countries.
Flex (NASDAQ: FLEX) is expanding its automotive operations in Jalisco, Mexico, with a new 145,000-square-foot facility dedicated to producing advanced electronic components for electric and autonomous vehicles. This strategic hub aims to enhance manufacturing capabilities and support automotive innovation. The project underscores Flex's commitment to being a leading employer and the largest exporter in the region. The expansion reflects the company's focus on delivering technology innovation and robust supply chain solutions to meet the growing demands of the automotive industry.
Flex (NASDAQ: FLEX) will participate in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 24, 2022. The conference will feature Paul Lundstrom, CFO, and David Rubin, VP of Investor Relations, presenting at 8:30 AM PT / 11:30 AM ET. Investors can access the live webcast and archived replay via the Flex Investor Relations website. Flex is a leader in manufacturing solutions across various industries, dedicated to technology innovation and sustainable operations.
Flex (NASDAQ: FLEX) reported strong results for Q4 and FY 2022, with net sales of $6.9 billion in Q4 and $26.0 billion for the fiscal year. GAAP net income for the fourth quarter was $168 million ($0.36 per share), while the annual GAAP net income reached $936 million ($1.94 per share). Adjusted earnings per share were reported at $0.52 for Q4 and $1.96 for FY 2022. For Q1 FY 2023, revenue guidance is projected between $6.6 billion and $7.0 billion, with adjusted EPS expected to be $0.44 to $0.50.
Flex (NASDAQ: FLEX) will report its fourth quarter and fiscal 2022 earnings on May 4, 2022, after market close. A conference call will follow at 1:30 p.m. PT to discuss the results. Investors can dial 877-201-0168 with conference ID 9363531. A live webcast will be available on the Flex Investor Relations website, with a replay to follow. The company focuses on manufacturing solutions across diverse industries, emphasizing its global workforce and sustainable practices.
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Flex (NASDAQ: FLEX) has reaffirmed its financial guidance for the fiscal fourth quarter and full year 2022, as disclosed during its virtual Investor Day on March 30, 2022. For Q4, the company expects revenues between $6.2 and $6.6 billion, with GAAP EPS in the range of $0.32 to $0.37. For the entire fiscal year, revenue guidance remains between $25.4 and $25.8 billion, with GAAP EPS expectations of $1.90 to $1.95. Flex emphasizes commitment to meeting its previous projections amidst ongoing market challenges.
Flex (NASDAQ: FLEX) announced its virtual investor and analyst day on March 30, 2022, at 1:30 PM PT. CEO Revathi Advaithi and CFO Paul Lundstrom will present the company’s transformation journey, growth strategies, and financial targets. This event highlights Flex's commitment to strengthening its market position and capital allocation priorities. The live webcast will be accessible via the Flex Investor Relations website, with a replay and additional materials provided post-event.
Flex (NASDAQ: FLEX) has appointed Becky Sidelinger as President of its Reliability Solutions division, which encompasses Automotive, Industrial, and Health Solutions business units. Sidelinger brings over 30 years of experience from Fortune 100 companies like Honeywell and General Electric, most recently leading a $3B revenue unit at Honeywell. CEO Revathi Advaithi expressed enthusiasm for Sidelinger's expertise in regulated industries, anticipating significant value addition as Flex enhances its Reliability Solutions segment.
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