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) 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 ...

EXHIBIT 99.1 P R E S S R E L E A S E 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. • 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 ...

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 ...

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) 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 ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Flex (FLEX) , which belongs to the Zacks Electronics - Miscellaneous Products industry.This electronics designer and manufacturer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 15.88%.For the most recent quarter, Flex was expected ...

Richard Drury Investment Thesis Flex Ltd.(NASDAQ:FLEX) stock is in a solid upward trajectory gaining about 76.94% outperforming the S&P 500 by a margin of about 50.59%. Seeking Alpha While it could be troubling to some investors whether there is a remaining runway after such a rally, I am bullish on this stock and I rate it a buy. My bullish stance stems from the company’s robust business model, financial strength, and innovation. A buy recommendation is justified by the undervaluation based on relati ...

AUSTIN, Texas, March 4, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced its inclusion as one of Ethisphere's 2024 World's Most Ethical Companies in the category of industrial manufacturing. This recognition underscores Flex's unwavering commitment to ethical business practices, integrity, and corporate social responsibility. "Companies that operate with business integrity elevate industry standards and perform better in the long-term," said Erica Salmon Byrne, Ethisphere's Executive Chair and Chief ...

It has been about a month since the last earnings report for Flex (FLEX) . Shares have added about 12.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Flex due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. FLEX Q3 Earnings Surpass EstimatesFlex reported third-quarte ...