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Flex(FLEX) - 2024 Q4 - Annual Report
2024-05-17 20:49
Use these links to rapidly review the document TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-23354 FLEX LTD. (Exact name of registrant as specified in its charter) ...
Zacks Initiates Coverage of Omega Flex With Neutral Recommendation
zacks.com· 2024-05-17 12:31
Zacks Investment Research has recently initiated coverage of Omega Flex, Inc. (OFLX) , a key player in the flexible metal hose manufacturing industry. The firm has assigned a "Neutral" rating to the stock, reflecting a balanced outlook based on its comprehensive analysis of the company’s prospects and challenges in the evolving construction and infrastructure sectors.Omega Flex, headquartered in Pennsylvania, stands poised to benefit from the burgeoning global construction market, driven by increasing urban ...
Flex(FLEX) - 2024 Q4 - Earnings Call Presentation
2024-05-03 13:49
Q4 FY24 Earnings Presentation Quarter End: March 31, 2024 Earnings Announcement: May 1, 2024 Risks and Non-GAAP Disclosures ...
Flex(FLEX) - 2024 Q4 - Earnings Call Transcript
2024-05-03 13:40
Flex Ltd. (NASDAQ:FLEX) Q4 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants David Rubin - Vice President of Investor Relations Revathi Advaithi - Chief Executive Officer Michael Hartung - President of Agility Solutions Rebecca Sidelinger - President of Reliability Solutions Paul Lundstrom - Chief Financial Officer Kyra Whitten - Vice President of Marketing, Communications, and Sustainability Conference Call Participants David Rubin Good morning, and welcome to our Fourth Quarter Fis ...
FLEX's Q4 Earnings Surpass Estimates, Revenues Decline Y/Y
Zacks Investment Research· 2024-05-02 13:21
Flex Ltd (FLEX) reported fourth-quarter fiscal 2024 adjusted earnings of 57 cents per share, beating the Zacks Consensus Estimate by 3.6%. The bottom line grew 29.5% year over year.Revenues (excluding Nextracker) decreased 11.7% year over year to $6.2 billion. However, it beat the consensus mark by 1.1%. Weakness across the Agility and Reliability Solutions segments led to the top-line contraction.Net sales in fiscal 2024 totaled $26.4 billion (excluding Nextracker), down 7% year over year. Post the spin-of ...
Flex (FLEX) Beats Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-01 14:25
Flex (FLEX) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.64%. A quarter ago, it was expected that this electronics designer and manufacturer would post earnings of $0.62 per share when it actually produced earnings of $0.71, delivering a surprise of 14.52%.Over the last four quar ...
Flex(FLEX) - 2024 Q4 - Annual Results
2024-05-01 12:10
P R E S S R E L E A S E EXHIBIT 99.1 FLEX REPORTS FOURTH QUARTER AND FISCAL 2024 RESULTS AND HOSTS INVESTOR AND ANALYST DAY Austin, Texas, May 1, 2024 – Flex (NASDAQ: FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Highlights: • Net Sales: $6.2 billion • GAAP Operating Income: $159 million • Adjusted Operating Income: $333 million • GAAP Net Income from continuing operations: $395 million • Adjusted Net Income from continuing operati ...
FLEX ANNOUNCES UPCOMING CHANGES TO ITS BOARD OF DIRECTORS
Prnewswire· 2024-05-01 12:07
AUSTIN, Texas, May 1, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced today that consistent with its succession plan, Michael D. Capellas, non-executive Chair of the Board of Directors of Flex, has informed the Board of his decision not to stand for re-election to the Board at the company's 2024 Annual General Meeting of shareholders to be held on August 8, 2024. Mr. Capellas has served on the company's board for 10 years, including as Chair since 2017, during which time he played a key role in building ...
FLEX REPORTS FOURTH QUARTER AND FISCAL 2024 RESULTS AND HOSTS INVESTOR AND ANALYST DAY
Prnewswire· 2024-05-01 12:05
AUSTIN, Texas, May 1, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Highlights: Net Sales: $6.2 billion GAAP Operating Income: $159 million Adjusted Operating Income: $333 million GAAP Net Income from continuing operations: $395 million Adjusted Net Income from continuing operations: $244 million GAAP Earnings Per Share from continuing operations: $0.93 Adjusted Earnings Per Share from continuing ...
Flex (FLEX) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
Zacks Investment Research· 2024-04-24 15:08
Flex (FLEX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 1, 2024, might help the stock move higher if these key numbers are better than expectations. O ...