Core Insights - Flex is expanding its operations in Poland as part of a global growth strategy focused on essential power and data center technologies to meet increasing customer demand [1][4] - The new facility in Bielsko-Biała, Poland, will employ over 700 skilled workers and produce a range of grid-to-chip products, including Low Voltage/Medium Voltage Switchgear and Power Pods [4][5] - Recent expansions also include a new manufacturing facility in Dallas, Texas, and acquisitions of Crown Technical Systems and JetCool Technologies to enhance its product offerings [2][3] Group 1 - The Polish site is fully operational and aims to address the rising global demand for reliable data center power, driven by AI growth [1][4] - The Dundalk facility in Ireland has doubled Anord Mardix's capacity, further supporting Flex's commitment to meeting data center power needs [1][3] - Flex's expansion in Europe is seen as a pivotal moment to enhance global manufacturing capabilities and reduce deployment times for customers [3][5] Group 2 - The new site in Poland is part of a broader strategy to expand Flex's manufacturing footprint across more than 30 sites in the EMEA region [5] - The company is focused on delivering next-generation power infrastructure solutions that maximize computing performance [3][5] - Flex's commitment to innovation in power solutions is aligned with the technological advancements in the data center industry [5][7]

Core Insights - Flex Ltd. reported strong fiscal full-year results, particularly highlighting significant growth in its data center segments, which has been positively received by the investing community [1]. Financial Performance - The company’s data center segments are experiencing rapid growth, contributing to overall positive fiscal results [1]. Investment Perspective - The results indicate a favorable outlook for long-term investors, especially those focused on a 5-10 year horizon, suggesting that Flex Ltd. may be a compelling option for a diversified portfolio that includes growth, value, and dividend-paying stocks [1].

Flex Ltd. (FLEX) reported fourth-quarter fiscal 2025 adjusted earnings per share (EPS) of 73 cents, which surpassed the Zacks Consensus Estimate by 5.8%. The bottom line compared favorably with 57 cents posted in the prior-year quarter.Revenues increased 3.7% year over year to $6.4 billion. Also, it beat the consensus mark by 2.7%. The uptick was driven by strong demand across its data center, networking and automotive power electronics.For fiscal 2026, the company anticipates sustained strong demand from i ...

Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $6.4 billion, growing nearly 4% year over year [5][22] - Adjusted operating margin reached a record 6.2%, marking the second consecutive quarter above 6% [5][22] - Adjusted EPS for Q4 was $0.73, up 28% from the previous year [6][22] - For the full fiscal year, adjusted operating margins were 5.7%, with adjusted EPS reaching a record $2.65, up 23% [6][25] Business Line Data and Key Metrics Changes - In the Reliability segment, revenue was $2.9 billion, down 1.3%, with operating income at $180 million and a margin of 6.2% [23] - The Agility segment saw revenue of $3.5 billion, growing 8.2%, with operating income of $230 million and a margin of 6.6% [23] - Data center revenue grew approximately 50% year over year, reaching about $4.8 billion, driven by cloud and power solutions [12][14] Market Data and Key Metrics Changes - The company reported strong growth in key markets such as data centers, with cloud programs generating about $3.5 billion [12][14] - The power products segment generated approximately $1.3 billion in revenue [12] - The company expects data center revenue to grow around the mid-thirty percent level in the next fiscal year [14] Company Strategy and Development Direction - The company is executing its FlexForward strategy, focusing on higher value businesses and operational efficiency [8][9] - The EMS plus products plus services strategy aims to enhance vertical integration and customization [10][11] - The company is positioned to benefit from regionalization trends and has expanded its operational footprint in North America [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a 6% adjusted operating margin a year ahead of schedule, despite macroeconomic uncertainties [21][35] - The company is navigating tariff impacts and is well-positioned to support customers through regionalization [15][20] - Management highlighted the importance of operational excellence and efficiency in driving record-level operating margins [30] Other Important Information - The company generated over $1 billion in free cash flow, maintaining an 80% plus free cash flow conversion target [6][25] - Inventory levels were reduced significantly, with net inventory down 18% year on year [26] - The company repurchased approximately $1.3 billion of stock, representing about 9% of outstanding shares [28] Q&A Session Summary Question: What are the drivers for the strong margin guidance for fiscal 2026? - Management indicated that continued growth in cloud and data center products, along with service business growth, will drive favorable mix impacts [40][42] Question: What is the demand for capacity in the U.S. and Mexico? - Management noted strong customer interest in capacity, with ongoing conversations about increasing utilization and productivity [43][45] Question: Can you elaborate on the scale advantages in data centers? - Management highlighted the unique capability of integrating compute and power, which differentiates the company from competitors [49][51] Question: How does customer-sourced inventory impact revenues and margins? - Management confirmed that while customer-sourced inventory primarily affects cloud business, it positively impacts margins [64][66] Question: What are the expectations for inventory and working capital in fiscal 2026? - Management expects some improvement in inventory rates but emphasizes continued focus on managing days of inventory effectively [101][104]

Q4 FY25 Earnings Presentation Quarter End: March 31, 2025 Earnings Announcement: May 7, 2025 Risks and non-GAAP disclosures This presentation contains forward-looking statements within the meaning of U.S. securities laws, including statements related to our future financial results and our guidance for future financial performance (including expected revenues, operating income, margins and earnings per share). These forward-looking statements are based on current expectations, forecasts and assumptions invo ...

Financial Performance - Flex reported fourth quarter net sales of $6.4 billion, an increase from $6.2 billion in the same period last year, representing a growth of approximately 3.7%[17] - The company achieved a GAAP operating income of $305 million for Q4 FY 2025, compared to $159 million in Q4 FY 2024, marking an increase of 92%[17] - Adjusted net income attributable to Flex Ltd. for FY 2025 was $1,055 million, up from $947 million in FY 2024, reflecting a growth of 11.4%[24] - Flex's adjusted earnings per share (EPS) for FY 2025 was $2.65, compared to $2.15 in FY 2024, indicating a year-over-year increase of 23.3%[24] - Flex's GAAP net income for FY 2025 was $838 million, down from $1,006 million in FY 2024, a decrease of 16.7%[18] - The company reported a gross profit of $563 million for Q4 FY 2025, up from $437 million in Q4 FY 2024, representing a growth of 28.8%[17] - Flex's adjusted operating income for Q4 FY 2025 was $396 million, compared to $333 million in Q4 FY 2024, an increase of 18.9%[21] - The company experienced a diluted EPS of $0.57 for Q4 FY 2025, down from $0.93 in Q4 FY 2024, a decline of 38.7%[17] - Flex's total net sales for FY 2025 were $25.8 billion, a decrease from $26.4 billion in FY 2024, reflecting a decline of 2.3%[18] Guidance and Projections - The company provided guidance for FY 2026, projecting net sales between $25.0 billion and $26.8 billion, and adjusted EPS between $2.81 and $3.01[8] Assets and Liabilities - Total assets increased to $18,381 million as of March 31, 2025, compared to $18,257 million as of March 31, 2024, reflecting a growth of 0.68%[26] - Total current liabilities rose to $9,850 million as of March 31, 2025, from $8,539 million in 2024, marking an increase of 15.4%[26] - Long-term debt, net of current portion, decreased to $2,483 million as of March 31, 2025, from $3,261 million in 2024, a reduction of 23.8%[26] Cash Flow and Investments - Net cash provided by operating activities increased to $1,505 million for the twelve-month period ended March 31, 2025, compared to $1,326 million in 2024, an increase of 13.5%[27] - The company reported a net cash used in investing activities of $838 million for the twelve-month period ended March 31, 2025, compared to $492 million in 2024, an increase of 70.3%[27] - Cash and cash equivalents decreased to $2,289 million at the end of the fiscal year 2025 from $2,474 million in 2024, a decline of 7.5%[27] Restructuring and Impairments - The company recognized approximately $84 million in restructuring charges for the twelve-month period ended March 31, 2025, compared to $172 million in 2024, a decrease of 51.8%[33] - The company incurred $4 million in customer-related asset impairments for the twelve-month period ended March 31, 2025, down from $14 million in 2024, a decrease of 71.4%[33] Foreign Exchange Impact - The effect of exchange rates on cash and cash equivalents resulted in a loss of $31 million for the fiscal year 2025, compared to a gain of $2 million in 2024[27]

Core Insights - Flex reported strong financial results for the fourth quarter and fiscal year 2025, achieving record adjusted operating margins and marking the fifth consecutive year of double-digit adjusted EPS growth [5][8]. Financial Performance - Fourth Quarter Results: - Net Sales: $6.4 billion, up from $6.2 billion in Q4 2024 - GAAP Operating Income: $305 million, compared to $159 million in Q4 2024 - Adjusted Operating Income: $396 million, up from $333 million in Q4 2024 - GAAP Net Income: $222 million, down from $395 million in Q4 2024 - Adjusted Net Income: $285 million, compared to $244 million in Q4 2024 - GAAP EPS: $0.57, down from $0.93 in Q4 2024 - Adjusted EPS: $0.73, up from $0.57 in Q4 2024 [8][13][17]. - Fiscal Year Results: - Net Sales: $25.8 billion, down from $26.4 billion in FY 2024 - GAAP Operating Income: $1,169 million, compared to $853 million in FY 2024 - Adjusted Operating Income: $1,459 million, up from $1,267 million in FY 2024 - GAAP Net Income: $838 million, down from $1,006 million in FY 2024 - Adjusted Net Income: $1,055 million, compared to $947 million in FY 2024 - GAAP EPS: $2.11, up from $1.98 in FY 2024 - Adjusted EPS: $2.65, up from $2.15 in FY 2024 [8][14][17]. Guidance - For the first quarter of fiscal year 2026, Flex expects revenue between $6.0 billion and $6.5 billion, with GAAP EPS projected between $0.46 and $0.54 and adjusted EPS between $0.58 and $0.66 [9]. - For the full fiscal year 2026, revenue is anticipated to be between $25.0 billion and $26.8 billion, with GAAP EPS projected between $2.35 and $2.55 and adjusted EPS between $2.81 and $3.01 [9]. Operational Highlights - The company continues to see strong demand from data center customers and is shifting its portfolio towards more profitable business segments [5]. - Flex operates in 30 countries, providing technology innovation, supply chain, and manufacturing solutions across diverse industries [7].

Company Overview - Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG) [2] - The fleet consists of thirteen LNG carriers, all equipped with state-of-the-art two-stroke propulsion systems (MEGI and X-DF) [2] - These modern ships provide significant improvements in fuel efficiency and reduce carbon footprint compared to older steam and four-stroke propelled ships [2] Financial Results Announcement - Flex LNG will release its unaudited financial results for the first quarter of 2025 on May 21, 2025, at approximately 07:00 CEST (1:00 a.m. EST) [1] - A live video webcast will be held on the same day at 15:00 CEST (9:00 a.m. EST) [1] - The presentation material will be available on the company's website, and a replay of the webcast will also be accessible [2]

Core Viewpoint - Omega Flex, Inc. has experienced a decline in both stock performance and financial results for the first quarter of 2025, primarily due to a slowdown in the housing market impacting demand for its products [1][2][4]. Financial Performance - Earnings per share for the first quarter of 2025 were reported at 35 cents, down from 42 cents in the same quarter of the previous year [2]. - Revenues decreased to $23.3 million, reflecting a 7.5% decline from $25.2 million year-over-year [2]. - Net income fell to $3.6 million, marking a 15.4% year-over-year decline from $4.2 million [2]. Market Conditions - The declines in revenue and net income were attributed to reduced unit volumes, linked to a broader market slowdown, particularly a downturn in housing starts [3][5]. - The housing sector, a key market for Omega Flex, is under pressure, potentially due to elevated interest rates or a pullback in construction activity [5]. Management Insights - CEO Dean W. Rivest indicated that the subdued market environment significantly affected the first-quarter results, specifically citing decreased housing starts as a factor for lower sales volumes [4]. - Management did not provide forward-looking guidance but suggested that the performance shortfall is due to macroeconomic conditions rather than internal execution issues [4].

Core Viewpoint - Analysts forecast Flex (FLEX) will report quarterly earnings of $0.69 per share, reflecting a year-over-year increase of 21.1% and revenues of $6.23 billion, a 1% increase compared to the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised 2.2% lower over the last 30 days, indicating a reevaluation of initial estimates by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [3] Revenue and Segment Performance - Analysts project 'Net Sales- Flex Reliability Solutions' to reach $2.79 billion, a decrease of 4.6% year-over-year [5] - 'Net Sales- Flex Agility Solutions' is expected to reach $3.45 billion, indicating a year-over-year increase of 6.5% [5] - 'Segment income- Flex Reliability Solutions' is estimated at $180.03 million, up from $171 million year-over-year [6] - 'Segment income- Flex Agility Solutions' is projected at $208.22 million, compared to $181 million in the same quarter last year [6] Stock Performance - Over the past month, shares of Flex have returned +37.7%, significantly outperforming the Zacks S&P 500 composite's +0.4% change [6] - Flex currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6]