Flex (FLEX) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.31%. A quarter ago, it was expected that this electronics designer and manufacturer would post earnings of $0.56 per share when it actually produced earnings of $0.64, delivering a surprise of 14.29%.Over the last four qua ...

Cash and Cash Equivalents - Cash and cash equivalents increased from $2,313 million to $2,474 million as of March 31, 2024[26] Net Income - Net income for the nine-month period ended December 31, 2024 was $616 million, compared to $850 million in the same period in 2023[27] Operating Activities - Net cash provided by operating activities for the nine-month period ended December 31, 2024 was $1,072 million, up from $647 million in the same period in 2023[27] Restructuring Charges - The company recognized $54 million in restructuring charges for the nine-month period ended December 31, 2024, primarily related to employee severance[33] Asset Recoveries - Customer-related asset recoveries of $2 million were recognized during the nine-month period ended December 31, 2024[34] Asset Impairment and Loss Contingencies - The company accrued $5 million for asset impairment and $3 million for loss contingencies during the first three quarters of fiscal year 2025[35] Tax Benefits - A net tax benefit of $50 million was recognized for the nine-month period ended December 31, 2024, including $26 million in interest recoverable on prior periods taxes paid by a Brazilian subsidiary[37] Total Assets and Liabilities - Total assets remained relatively stable at $18,272 million as of December 31, 2024, compared to $18,257 million as of March 31, 2024[26] - Total liabilities decreased from $13,280 million as of December 31, 2024 to $12,932 million as of March 31, 2024[26] Investing Activities - Net cash used in investing activities for the nine-month period ended December 31, 2024 was $641 million, primarily due to $347 million spent on acquisitions and $326 million on property and equipment purchases[27]

AUSTIN, Texas, Jan. 29, 2025 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its third quarter ended December 31, 2024. Third Quarter Fiscal Year 2025 Highlights: Net Sales: $6.6 billion GAAP Operating Income: $334 million Adjusted Operating Income: $399 million GAAP Net Income attributable to Flex Ltd: $263 million Adjusted Net Income attributable to Flex Ltd: $304 million GAAP Earnings Per Share: $0.67 Adjusted Earnings Per Share: $0.77 An explanation and reconciliation of non-GAAP finan ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Flex (FLEX) , which belongs to the Zacks Electronics - Miscellaneous Products industry, could be a great candidate to consider.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 19.34% ...

Investors interested in stocks from the Electronics - Miscellaneous Products sector have probably already heard of Flex (FLEX) and Carrier Global (CARR) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our S ...

Flex Ltd (FLEX) is slated to report third-quarter fiscal 2025 results on Jan. 29.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $6.21 billion, which indicates a decline of 12.6% from the year-ago quarter’s reported figure. The consensus mark for earnings is pegged at 63 cents per share, down 11.3% year over year.For the third quarter of fiscal 2025, Flex expects revenues to be between $6 billion and $6.4 bi ...

HAMILTON, Bermuda, Jan. 21, 2025 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") will release its unaudited financial results for the fourth quarter of 2024 on Tuesday February 4, 2025, on or about 07:00 CET (1:00 a.m. ET).In connection with the earnings release, a live video webcast will be held at 15:00 CET (9:00 a.m. ET) on the same day. In order to attend, use the following link to register and watch the webcast:Link to register and watch webcastWe encourage listeners to register for the webc ...

AUSTIN, Texas, Jan. 13, 2025 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its third quarter fiscal 2025 financial results before the market opens on Wednesday, January 29, 2025. The company will hold a conference call to discuss the results on the same day at 7:30 AM (CT) / 8:30 AM (ET).The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website followi ...

Investors looking for stocks in the Electronics - Miscellaneous Products sector might want to consider either Flex (FLEX) or Rockwell Automation (ROK) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revi ...

Flex Ltd (FLEX) witnessed strong momentum in the past year, with its shares rising 27.4% compared with the industry’s decline of 33.1%. It has also outpaced the S&P 500 composite’s growth of 25.7%. Price PerformanceImage Source: Zacks Investment ResearchFLEX was up 2.6% last day and closed the trading session at $38.64, down 9% from its 52-week high of $42.47. Does this recent pullback indicate a buying opportunity?Strengthening Demand Trends Bode Well for FLEXFlex has evolved into an end-to-end solutions p ...