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Flex(FLEX) - 2025 Q2 - Quarterly Report
2024-10-31 20:05
Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Ordinary Shares, No Par Value FLEX The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 27, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition perio ...
Omega Flex Q3 Earnings Decline Y/Y on Lower Demand, Higher Overheads
ZACKS· 2024-10-31 18:01
For the third quarter of 2024, Omega Flex, Inc. (OFLX) reported an earnings per share (EPS) of 46 cents, a decrease from 55 cents in the same period in 2023. Revenue for the quarter totaled $24.9 million, representing a decline of 9.5% from $27.5 million in the prior-year quarter. Omega Flex’s revenue contraction in the third quarter was primarily driven by decreased unit volumes as market demand softened. Additionally, the housing sector, which significantly influences the demand for Omega Flex’s piping pr ...
FLEX's Q2 Earnings Top Estimates, Revenues Down Y/Y, Stock Gains
ZACKS· 2024-10-31 12:11
Flex Ltd (FLEX) reported second-quarter fiscal 2025 adjusted earnings per share (EPS) of 64 cents, surpassing the Zacks Consensus Estimate by 14.3%. The bottom line compared favorably with 57 cents posted in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues declined 6% year over year to $6.5 billion. However, it beat the consensus mark by 0.4%. The downtick was caused by continued slowdown across the Agility and Reliability Solutions business segments.I ...
Omega Flex, Inc. Announces Third Quarter 2024 Earnings
GlobeNewswire News Room· 2024-10-30 20:15
| --- | --- | --- | --- | --- | |----------------------------------------------|----------------------------------------|--------------------------------|-----------------------------------------|-------------| | | Nine Months Ended September 30, \n2024 | OMEGA FLEX, INC. (OFLX) \n2023 | Three Months Ended September 30, \n2024 | 2023 | | Net Sales | $74,716,000 | $83,318,000 | $24,880,000 | $27,496,000 | | Net Income attributable to Omega Flex, Inc. | $13,332,000 | $15,874,000 | $4,617,000 | $5,576,000 | | ...
Flex (FLEX) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-10-30 14:20
Flex (FLEX) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this electronics designer and manufacturer would post earnings of $0.41 per share when it actually produced earnings of $0.51, delivering a surprise of 24.39%. Over the last four qu ...
Flex(FLEX) - 2025 Q2 - Quarterly Results
2024-10-30 12:11
P R E S S R E L E A S E EXHIBIT 99.1 FLEX REPORTS SECOND QUARTER FISCAL 2025 RESULTS Austin, Texas, October 30, 2024 – Flex (NASDAQ: FLEX) today announced results for its second quarter ended September 27, 2024. Second Quarter Fiscal Year 2025 Highlights: • Net Sales: $6.5 billion • GAAP Operating Income: $297 million • Adjusted Operating Income: $358 million • GAAP Net Income attributable to Flex Ltd: $214 million • Adjusted Net Income attributable to Flex Ltd: $255 million • GAAP Earnings Per Share: $0.54 ...
FLEX REPORTS SECOND QUARTER FISCAL 2025 RESULTS
Prnewswire· 2024-10-30 12:05
AUSTIN, Texas, Oct. 30, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its second quarter ended September 27, 2024. Second Quarter Fiscal Year 2025 Highlights: Net Sales: $6.5 billion GAAP Operating Income: $297 million Adjusted Operating Income: $358 million GAAP Net Income attributable to Flex Ltd: $214 million Adjusted Net Income attributable to Flex Ltd: $255 million GAAP Earnings Per Share: $0.54 Adjusted Earnings Per Share: $0.64 An explanation and reconciliation of non-GAAP fina ...
Flex to Acquire Crown Technical Systems
Prnewswire· 2024-10-17 13:05
Leader in custom-engineered, fully integrated power distribution and protection systemsExtensive modular solutions and medium voltage switchgear capabilities are synergistic to the Flex data center power portfolioExtends Flex's presence into the growing utility power market and supports further growth in the U.S. data center power marketAUSTIN, Texas, Oct. 17, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced today that it has entered into a definitive agreement to acquire Crown Technical Systems, a leader ...
Flex LNG - Company presentation October 2024
Prnewswire· 2024-10-16 15:16
HAMILTON, Bermuda, Oct. 16, 2024 /PRNewswire/ -- Flex LNG announces that CFO Knut Traaholt will be meeting with investors in the US and Canada as part of a non-deal roadshow. The presentation used is attached hereto and is also available on our web page.For further information, please contact:Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS Telephone: +47 23 11 40 00 Email: [email protected] About FLEX LNGFlex LNG is a shipping company focused on the growing market for Liquefied Natural ...
Flex Unveils New Solutions for AI Workloads, Partners With JetCool
ZACKS· 2024-10-16 13:35
Flex Ltd. (FLEX) recently unveiled innovative reference platforms designed to address the challenges of power, heat generation and scale in modern data centers. These platforms are engineered with sustainability in mind, offering advanced solutions for liquid-cooled servers, rack systems and power products. Flex’s new liquid-cooled server designs, power modules and rack systems aim to support hyperscalers and data center operators by addressing the technical complexities associated with powering and cooling ...