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.
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Flex reported strong financial results for the fourth quarter and fiscal year 2024, with net sales of $6.2 billion in Q4 and $26.4 billion for the fiscal year. The company showed solid performance with GAAP operating income of $159 million in Q4 and $853 million for the fiscal year, and adjusted operating income of $333 million in Q4 and $1,267 million for the fiscal year. Additionally, Flex reported GAAP net income from continuing operations of $395 million in Q4 and $872 million for the fiscal year, with adjusted net income of $244 million in Q4 and $947 million for the fiscal year. The company's GAAP earnings per share from continuing operations were $0.93 in Q4 and $1.98 for the fiscal year, while adjusted earnings per share were $0.57 in Q4 and $2.15 for the fiscal year.
CEO Revathi Advaithi highlighted strong margin expansion and EPS growth, emphasizing the company's ability to create value for stakeholders. Flex provided guidance for the first quarter fiscal 2025, with revenue expected to be between $5.6 billion and $6.2 billion, and GAAP EPS projected to be $0.11 to $0.19. For the full fiscal year 2025, revenue is forecasted to be $25.4 billion to $26.4 billion, with GAAP EPS estimated at $1.61 to $1.81. The company's adjusted EPS for fiscal year 2025 is expected to be between $2.30 and $2.50, excluding certain charges.
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