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.
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Flex (NASDAQ: FLEX) announced its membership in The Valuable 500, a global initiative aimed at improving disability inclusion within businesses. This commitment reflects Flex's ongoing dedication to diversity and inclusion in the workplace. CEO Revathi Advaithi emphasized the importance of people with disabilities in their workforce and set a target to increase the employment of individuals with disabilities by at least 10% by 2025. Flex has also introduced the DiversAbilities Employee Resource Group to promote awareness and support for employees of all abilities.
Flex (NASDAQ: FLEX) will participate in the Goldman Sachs Technology and Internet Virtual Conference 2021 on February 11, 2021, at 7:30am PT / 10:30am ET. A live webcast will be accessible on the Flex Investor Relations website.
Flex is recognized as a leading manufacturing partner, providing innovative design, supply chain, and manufacturing solutions across various industries, with operations in over 30 countries.
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Flex (NASDAQ: FLEX) reported strong third-quarter results for the period ending December 31, 2020, with net sales of $6.7 billion and a GAAP net income of $208 million, translating to a GAAP EPS of $0.41. Adjusted figures were even more favorable, with adjusted net income reaching $251 million and adjusted EPS at $0.49. The company’s operational efficiency led to record margins and solid cash flow. For Q4 2021, Flex expects revenue between $5.6 billion and $6.0 billion, with GAAP EPS projected at $0.24 to $0.30.
Flex (NASDAQ: FLEX) will announce its third quarter fiscal year 2021 financial results on January 28, 2021, before market open. A conference call is scheduled for 8:00 a.m. PT the same day to discuss the results. Investors can access the call by dialing 877-201-0168 with the passcode Q3Flex. A live webcast will be available on the Flex Investor Relations website, along with an audio replay and transcript post-call.
Flex is a leading manufacturing partner providing innovative solutions to various industries globally.
Flex (NASDAQ: FLEX) has earned a prestigious 'A List' recognition from global environmental non-profit CDP for its leadership in corporate sustainability and water security. This marks the first time Flex has achieved this A score, showcasing its commitment to minimizing environmental impact and enhancing resource management. Flex's sustainability strategy emphasizes reducing CO2 emissions and improving waste management. The recognition highlights Flex's proactive stance in environmental transparency amidst the ongoing challenges posed by climate change.
Flex (NASDAQ: FLEX) has appointed John D. Harris II to its Board of Directors, effective November 23, 2020. With over 30 years of experience in technology and business, Harris previously served as vice president of Business Development at Raytheon Company. He has held multiple leadership positions throughout his tenure at Raytheon, contributing to global business strategy and operations. Michael D. Capellas, Flex's Chairman, emphasized Harris's proven track record in developing global businesses. This appointment aims to enhance Flex's leadership team and strategic direction.
Flex (NASDAQ: FLEX) has appointed Dr. Todd M. Fruchterman as president of its Reliability Solutions segment, effective November 30, 2020, following the retirement of Paul Humphries. Dr. Fruchterman brings extensive experience, including leadership roles at 3M and Kinetic Concepts, focusing on regulated businesses. His responsibilities will include driving growth and expanding design-led engagements within Automotive, Health Solutions, and Industrial units. The transition period extends until March 31, 2021. CEO Revathi Advaithi expressed confidence in Dr. Fruchterman’s ability to advance the company's strategy for profitable growth.
Flex (NASDAQ: FLEX) announced its participation in the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Virtual Conference on November 17, 2020. The presentation is scheduled for 7:40 AM PT / 10:40 AM ET. A live webcast and replay will be accessible via the Flex Investor Relations website. Flex is recognized for its innovation and sustainable manufacturing solutions across 30 countries, supporting various industries.