I wrote about Flex Ltd. (NASDAQ: FLEX ) previously (July last year) with a buy rating as I expected earnings to see robust growth, which, coupled with a healthy pace of share buybacks, would lead to solid EPS growth. I continue toI am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technica ...

Husqvarna to enhance supply chain flexibility and efficiency and speed time to market Flex expands portfolio into outdoor and power equipment Partnership strengthens Husqvarna and Flex's competitiveness in the U.S.CHARLOTTE, N.C. and AUSTIN, Texas, Feb. 4, 2025 /PRNewswire/ -- Today, Husqvarna (NASDAQ: HSQVY) and Flex (NASDAQ: FLEX) announced a strategic manufacturing partnership, which will enable Husqvarna to further enhance flexibility, efficiency, and time to market through Flex's strategic supply cha ...

HAMILTON, Bermuda, Feb. 4, 2025 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s fourth quarter 2024 results which will be presented in a live video webcast today at 15:00 CET (09:00 a.m. EST).In order to watch the webcast, use the following link:Fourth Quarter 2024 Earnings PresentationA Q&A session will be held after the webcast. Information on how to submit questions will be given at the beginning of the session.In conjunction with the quarterly results, we have published a short ...

HAMILTON, Bermuda, Feb. 4, 2025 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the three months and year ended December 31, 2024.Highlights: Vessel operating revenues of $90.9 million for the fourth quarter 2024, compared to $90.5 million for the third quarter 2024. The fourth quarter 2024 include $1.4 million in EU ETS revenue. An equivalent amount has been recorded under Voyage Expenses for the period. Net income of $45.2 million and basic e ...

HAMILTON, Bermuda, Feb. 4, 2025 /PRNewswire/ -- Key information relating to the cash distribution to be paid by Flex LNG Ltd. ("Company") for the fourth quarter 2024. The distribution will be made from the Company's Contributed Surplus Account.Please note that from May 28, 2024, the standard settlement cycle for transactions executed in securities traded on the New York Stock Exchange ("NYSE") will be shortened from T+2 to T+1 (of which T equals trading date), while the Oslo Stock Exchange ("OSE") will cont ...

Table of Contents 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 December 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 FLEX LTD. (Exact name of registrant as specified in its charter) 2 Changi South Lane, Singapore 486123 (Address of principal executive ...

Flex Ltd. (FLEX) reported third-quarter fiscal 2025 adjusted earnings per share (EPS) of 77 cents, which surpassed the Zacks Consensus Estimate by 20.3%. The bottom line compared favorably with 54 cents posted in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues increased 2.1% year over year to $6.6 billion. Also, it beat the consensus mark by 5.5%. The uptick was driven by strong demand across its data center, medical device and consumer-focused portfo ...

Q3 FY25 Earnings Presentation 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 involving risks and uncertainties that could cause the actual outco ...

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]