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.
Qventus, an AI platform company for healthcare operations, has appointed Jamie Eisinger Burgess as Senior Vice President of Marketing. Burgess brings over 15 years of experience in global brand, product, and growth marketing. She will oversee brand and product marketing, growth marketing, creative, and communications at Qventus.
Prior to joining Qventus, Burgess led Marketing and Strategic Partnerships at BrightInsight, a digital health platform for biopharma. She was also a founding member of Qualcomm Life, Inc. Burgess's appointment is expected to solidify Qventus's leadership position and accelerate its growth in the healthcare AI sector.
Flex (NASDAQ: FLEX) and Musashi Energy Solutions have announced a collaboration to supply Capacitor-based Energy Storage Systems (CESS) featuring Musashi's Hybrid SuperCapacitor (HSC) technology. These systems are designed to address utility power challenges in AI data centers. Key features of the CESS include:
- Support for power supply systems during large power transients
- Efficient energy management for AI workloads
- Longer lifespan than current battery systems
- Wide operating temperature range
Flex plans to begin production of its CESS in the first half of 2025, with commercial availability expected shortly after.
Nextracker (NXT) reported strong Q1 FY25 financial results, with 50% year-over-year revenue growth to $720 million. The company reaffirmed its FY25 outlook, projecting revenue between $2.8 billion to $2.9 billion. Key highlights include:
- GAAP Net Income of $125 million, up from $64 million in Q1 FY24
- GAAP Diluted EPS of $0.84, compared to $0.43 in Q1 FY24
- Adjusted EBITDA of $175 million, with a 24.3% margin
- Acquisitions of Ojjo, Inc. and Solar Pile International's foundations business
- Expansion of manufacturing facilities and launch of new products
Nextracker maintains a strong balance sheet with over $1.4 billion in total liquidity and continues to see healthy demand for solar trackers in both U.S. and international markets.
Flex (NASDAQ: FLEX) has appointed Michael Hartung as President and Chief Commercial Officer, effective immediately. Hartung, a 20-year veteran at Flex, will lead both the Agility and Reliability segments, focusing on implementing the company's long-term Flex Forward strategy. He will report directly to CEO Revathi Advaithi.
This appointment establishes a unified go-to-market organization aimed at driving growth, capitalizing on macro trends, and delivering additional value to customers. Hartung's expanded role is expected to accelerate progress on Flex's long-term strategy, drive consistency across the enterprise, and further penetrate the company's differentiated suite of services and products across all end markets.
Flex (NASDAQ: FLEX) reported solid Q1 FY2025 results, with net sales of $6.3 billion and GAAP EPS of $0.34. The company achieved year-over-year margin expansion and EPS growth. For Q2 FY2025, Flex projects revenue between $6.2-$6.8 billion and adjusted EPS of $0.52-$0.60. The full fiscal year 2025 guidance estimates revenue of $25.4-$26.4 billion and adjusted EPS of $2.30-$2.50.
In a significant leadership change, Paul Lundstrom will step down as CFO on July 31, 2024. Jaime Martinez, a 20-year Flex veteran, will become Interim CFO while the company conducts an executive search for a permanent replacement.
Nextracker (Nasdaq: NXT), a leading solar tracking company, has announced its participation in the KeyBanc Capital Markets 25th Annual Technology Leadership Forum. The company will be presenting at a Fireside Chat on August 5, 2024, at 9:30 a.m. PT / 12:30 p.m. ET.
Investors and interested parties can access a live webcast of the presentation through the company's investor relations website at investors.nextracker.com. For those unable to attend the live event, a replay of the webcast will be made available on the same website following the conclusion of the forum.
This presentation provides an opportunity for Nextracker to showcase its technology leadership and engage with investors in the rapidly growing solar energy sector.
Flex (NASDAQ: FLEX) has joined the Reverse Logistics Association (RLA), a global trade association for the returns and reverse industry. With over 20 years of experience in integrated reverse logistics and circular economy services, Flex aims to collaborate with industry leaders to advance circularity globally.
The company's end-to-end product lifecycle services include sustainability analytics, returns and screening, repair, refurbishment, asset recovery, product and parts resale, and recycling. These offerings help brands navigate global requirements, maximize value recovery, and minimize environmental impact.
Pat Ring, SVP and GM of Global Services and Solutions at Flex, emphasized the growing demand for sustainable practices and increased reverse logistics adoption. Tony Sciarrotta, Executive Director of RLA, welcomed Flex's membership, highlighting the company's potential to share experience and best practices within the industry.
Nextracker (Nasdaq: NXT) will release its first quarter fiscal 2025 financial results after the market closes on August 1, 2024. The company will hold a conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
A live webcast will be accessible on the Nextracker investor relations website, and a replay with supporting materials will be available after the event.
Flex (NASDAQ: FLEX) announces it will release its first quarter fiscal 2025 financial results on Wednesday, July 24, 2024, before the market opens. A conference call to discuss these 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. Replay and supporting materials will be available after the event concludes.
Nextracker (NASDAQ: NXT) has acquired Ojjo, a U.S.-based renewable energy firm specializing in foundation technology for utility-scale solar power, for approximately $119 million in an all-cash deal. The acquisition aims to provide a more integrated and complete solution for various soil conditions, enhancing Nextracker's foundations capabilities and market opportunities. This merger builds on a multi-year relationship and will integrate Ojjo's Earth Truss foundation system with Nextracker’s NX Horizon smart solar tracker and advanced software solutions. The transaction was completed on June 20, 2024.
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