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 (FLEX) delivers cutting-edge electronics design and manufacturing solutions across industries like automotive, healthcare, and data centers. This page provides investors and professionals with verified company news, including press releases and strategic updates.
Access comprehensive coverage of earnings announcements, product innovations, and supply chain developments. Our curated repository ensures you stay informed about operational milestones, leadership changes, and market expansions without speculative commentary.
Key updates include advancements in Flex Agility Solutions for consumer tech markets and Flex Reliability Solutions for industrial applications. Bookmark this page for real-time insights into how FLEX addresses power distribution challenges and scales manufacturing for AI-driven industries.
Check back regularly for neutral, fact-based reporting that supports informed decision-making. All content adheres to financial compliance standards while maintaining accessibility for both casual observers and expert analysts.
Flex (NASDAQ: FLEX) has announced its plan to acquire Crown Technical Systems, a leader in custom-engineered power distribution and protection systems, for $325 million in an all-cash transaction. The acquisition is expected to be accretive in the first year after closure and strengthen Flex's position in solving power, heat, and scale challenges in the data center space. Crown Technical Systems brings nearly three decades of expertise in modular solutions, medium voltage switchgear, and control products, serving diverse customers in utilities, data centers, and power generation.
The deal is projected to increase Flex's exposure to fast-growing, margin accretive end-markets and extend its power portfolio into the utility power market. Crown Technical Systems is expected to generate revenue of approximately $120 million with high-teens EBITDA margin in fiscal 2025. The transaction is anticipated to close by December 2024, subject to customary closing conditions and regulatory approval.
Flex (NASDAQ: FLEX) has unveiled new reference platforms for liquid-cooled servers, racks, and power products at the 2024 OCP Global Summit, aimed at enabling sustainable data center growth. These innovations address challenges related to power, heat generation, and scale for AI and high-performance computing workloads.
Key announcements include:
- Customizable compute reference designs with JetCool's SmartPlate™ direct-to-chip liquid cooling solution
- A next-generation modular compute platform supporting Host Processor Module (HPM)
- Open Rack V3 (ORv3) compatible solutions for various rack configurations
- New Intermediate Bus Converters (IBC) for AI and cloud applications
Flex's comprehensive offerings span from advanced manufacturing to product lifecycle services, supporting the mass deployment of vertically integrated data center solutions.
Nextracker (Nasdaq: NXT) has announced that it will release its second quarter fiscal 2025 financial results after the market closes on Wednesday, October 30, 2024. The company will host a conference call to discuss these results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
Investors and interested parties can access a live webcast of the earnings call on the Nextracker investor relations website at investors.nextracker.com. Following the conclusion of the event, a webcast replay and supporting materials will be made available on the same website for those unable to attend the live call.
Flex (NASDAQ: FLEX) has announced the date for its second quarter fiscal 2025 earnings call. The company will release its financial results before the market opens on Wednesday, October 30, 2024. A conference call to discuss the results is scheduled for the same day at 7:30 AM (CT) / 8:30 AM (ET).
Investors and interested parties can access the live webcast presentation on the Flex Investor Relations website at investors.flex.com. Following the event, a webcast replay and supporting materials will be made available on the IR website for those unable to attend the live call.
Nextracker (Nasdaq: NXT), a global provider of intelligent solar trackers, has inaugurated India's first Center for Solar Excellence (CFSE) in Hyderabad. The 13-acre facility aims to advance solar tracker technology and accelerate the region's energy transition. The CFSE features a 30,000 square foot lab, a comprehensive solar tracker installation, and training facilities covering the entire project lifecycle.
The center will focus on developing, testing, and commercializing proprietary technologies in collaboration with supply chain partners, customers, and third-party laboratories. Nextracker has already delivered over 35 utility-scale projects in India, totaling over 5 GW of projects, with 95% content under Make in India for their products. The company aims to develop high-performance solar trackers that enhance energy capture, particularly during peak periods in the early morning and late afternoon.
Flex (NASDAQ: FLEX) has been named to TIME's 2024 World's Best Companies list for the second consecutive year. This recognition is based on a comprehensive analysis of top-performing global companies, evaluating three primary dimensions: Employee Satisfaction, Revenue Growth, and Sustainability Transparency.
The ranking, presented by TIME and Statista, involved surveys conducted in over 50 countries with data from approximately 170,000 participants. Companies had to generate a revenue of at least $100 million in the last fiscal year and show positive growth from 2021 to 2023. Sustainability was evaluated based on ESG data and targeted research.
Flex CEO Revathi Advaithi expressed honor at the recognition, attributing it to the company's commitment to creating a safe, inclusive work environment, embracing sustainable manufacturing practices, and delivering long-term stakeholder value.
Flex (NASDAQ: FLEX) has released its 2024 sustainability report, showcasing the company's global sustainability performance and progress for 2023. The report highlights Flex's commitment to its 2030 sustainability strategy, focusing on minimizing environmental impact, creating a safe and inclusive work environment, investing in communities, driving ethical practices, and accelerating a sustainable value chain.
Key accomplishments in 2023 include:
- 33% decrease in absolute scope 1 and 2 greenhouse gas emissions from 2019 baseline
- 125% of electricity usage powered by renewable energy
- 20% reduction in safety incident rate year-over-year
- 51% of preferred suppliers and 80% of specified customers had GHG reduction and science-based targets
Flex received several recognitions for its sustainability efforts, including the 2023 Manufacturer of the Year Award and Ethisphere's World's Most Ethical Company® recognition.
Nextracker (NXT) has unveiled NX Foundation Solutions, expanding its solar foundations portfolio with the introduction of NX Anchor. This new system optimizes ground-mount solar project development across various soil conditions, following recent acquisitions of Ojjo and Solar Pile International's foundations business.
The comprehensive solution includes expert services for geotechnical reviews, on-site testing, foundation design, and installation support. It features the Ojjo Truss Driver, a patented machine for drilling and pile driving. Nextracker's foundations can result in up to 50% less steel and 70% shallower embedment than traditional pilings, potentially reducing costs and improving project timelines.
With over 100 GW of trackers and 50 GW of compatible foundations shipped, Nextracker aims to streamline solar development on challenging terrains, offering an integrated solution that installs faster and minimizes risks in complex soil conditions.
Flex (NASDAQ: FLEX) has announced its participation in the upcoming Goldman Sachs 2024 Communacopia + Technology Conference. The event is scheduled for Monday, September 9, 2024, with Flex's presentation set for 12:10pm CT / 1:10pm ET.
Investors and interested parties can access the live webcast of the presentation through the Flex Investor Relations website. For those unable to attend in real-time, an archived replay will be made available on the website shortly after the presentation concludes.
This conference provides an opportunity for Flex to showcase its latest developments and strategies to the investment community, potentially impacting investor sentiment and stock performance.
Anord Mardix, a Flex (NASDAQ: FLEX) company, has opened a second facility in Dundalk, Ireland, to meet the growing demand for critical power solutions in data centers. The new 120,000 sq ft facility, named D2, will serve as an assembly hub for switchgear products and modular power systems, doubling the company's footprint in Ireland. This expansion aims to address the increasing global demand for safe, reliable, and uninterrupted data center power, particularly driven by the rapid growth of AI.
The Dundalk D2 facility represents a significant milestone in Flex's commitment to delivering cutting-edge power and vertically integrated solutions for the global data center market. It will enhance Anord Mardix's capabilities in providing innovative solutions for AI data centers while also creating new career opportunities in the local community.
FAQ
What is the current stock price of Flex (FLEX)?
What is the market cap of Flex (FLEX)?
