Flex(FLEX)

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FLEX REPORTS FOURTH QUARTER AND FISCAL 2025 RESULTS
Prnewswire· 2025-05-07 12:05
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].
Flex LNG - Invitation to the 2025 First Quarter Presentation
Prnewswire· 2025-05-07 05:30
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]
Omega Flex Q1 Earnings Drop Y/Y on Weak Housing Demand, Stock Down 2%
ZACKS· 2025-05-06 19:20
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].
Unlocking Q4 Potential of Flex (FLEX): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2025-05-05 14:21
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]
Flex's Liquid Cooling Business Expands Portfolio with High-Performance Coolant Distribution Unit for AI and HPC Applications
Prnewswire· 2025-04-29 08:00
Core Insights - Flex's JetCool has launched the SmartSense Coolant Distribution Unit (CDU), a modular liquid cooling solution designed for data centers, capable of cooling up to 300kW in a single rack [1][2] - The SmartSense CDU enables "free cooling" with inlet temperatures above 60°C, eliminating the need for chillers and significantly reducing energy and water consumption [2][3] - Flex emphasizes its advanced manufacturing capabilities and services to support the deployment and lifecycle management of liquid cooling infrastructure [3][4] Company Overview - Flex is a global manufacturing partner that provides technology innovation, supply chain, and manufacturing solutions across diverse industries [5] - JetCool, a subsidiary of Flex, specializes in thermal management solutions for compute-intensive applications, supporting advancements in high-performance computing [6][9] Product Features - The SmartSense CDU supports hyperscale, enterprise, and colocation applications, enhancing the scalability of liquid cooling infrastructure [7] - The system includes features such as commissioning and system validation, rapid fulfillment of critical spare parts, and ongoing maintenance with integrated telemetry for performance optimization [8] Industry Context - The introduction of the SmartSense CDU addresses the challenges posed by AI and high-density workloads in traditional thermal management systems [2] - Flex's solutions are positioned to accelerate data center infrastructure deployment in the AI era, meeting the growing demands for power and cooling [4]
Flex Further Boosts U.S. Manufacturing Capacity to Meet Growing Demand for Data Center Critical Power Solutions
Prnewswire· 2025-04-28 13:05
Core Insights - Flex has significantly increased its production capacity for data center power products at its manufacturing facility in Columbia, South Carolina, to meet rising power infrastructure demands driven by AI adoption [2][4] - The company has expanded its global manufacturing footprint by over eight million square feet since fiscal year 2024, including four new strategic locations primarily in the U.S. [4] - Flex's U.S. presence now exceeds 13 million square feet across 17 facilities, complemented by approximately nine million square feet in Mexico, establishing one of the largest advanced manufacturing footprints in North America [5][7] Company Strategy - The expansion of dedicated production capacity is aimed at addressing the power challenges in compute-intensive environments, allowing Flex to better serve U.S. data center operators [4] - The recent opening of a 400,000 sq. ft. facility in Dallas, Texas, alongside the Columbia facility, focuses on critical power products to enable faster production at scale [3] Market Demand - Rapid AI adoption across various sectors is increasing the demand for reliable, efficient, and scalable power infrastructure solutions among data center operators [4]
Flex Wins Two 2025 PACE Awards for Innovation in Automotive Compute and Power Electronics
Prnewswire· 2025-04-21 13:05
Core Insights - Flex was awarded two 2025 Automotive News PACE Awards, recognizing its leadership in automotive product design with the Jupiter Compute Platform and Backup DC/DC Converter [2][10] - The PACE Awards highlight superior innovation and technological advancement in the automotive industry, with Flex being the only company to receive multiple awards in 2025 [6][10] Product Innovations - The Jupiter Compute Platform is powered by NVIDIA DRIVE AGX and supports applications from passenger cars to commercial vehicles, facilitating advancements in driver assistance systems and autonomous driving [4][10] - The Backup DC/DC Converter is designed to provide instant power to essential systems in emergencies, ensuring power continuity and reducing standby power loss [5][10] Industry Recognition - The PACE Awards have been celebrating automotive innovations for 30 years, serving as a global benchmark for excellence in the industry [6] - Flex's recognition underscores its role in accelerating next-generation mobility and its collaborative approach with customers throughout the product lifecycle [7][10]
Flex LNG - Mandatory notification of transaction by primary insider
Prnewswire· 2025-04-17 20:50
Core Points - Flex LNG Ltd. has received a notification of transaction from Susan Sakmar, who is a Director and primary insider in the Company [1] - The notification was disclosed in accordance with Article 19 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act [1] Company Information - The transaction notification is part of regulatory compliance for insider trading disclosures [1] - The Company has made the information publicly available through Cision [1]
Flex: Targeting High-Growth Data Center Business
Seeking Alpha· 2025-04-16 21:31
Core Insights - Flex Ltd. is a diversified international manufacturing company focused on improving its financial performance [1] Group 1 - The company has been actively pursuing strategies to enhance both its top and bottom lines [1]
Flex (FLEX) Soars 13.6%: Is Further Upside Left in the Stock?
ZACKS· 2025-04-10 13:51
Flex (FLEX) shares soared 13.6% in the last trading session to close at $31.58. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 17.6% loss over the past four weeks.The increase in share price can attributed to President Trump’s announcement of a 90-day pause on reciprocal tariffs, barring China. This led to skyrocketing indices and subsequent increases for most stocks including Flex.Apart from that, the company specific factors a ...