Flex (FLEX) Q4 2025 Earnings Call May 07, 2025 08:30 AM ET Speaker0 Thank you for standing by. Welcome to Flex's Fourth Quarter and Fiscal Year twenty twenty five Earnings Conference Call. Presently, all participants are in a listen only mode. After the speakers' remarks, there will be a question and answer session. As a reminder, this call is being recorded. I will now turn the call over to Mr. David Rubin. You may begin. Speaker1 Thank you, Melissa. Good morning, welcome to Flex's fourth quarter and fisca ...

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].

HAMILTON, Bermuda, May 7, 2025 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") will release its unaudited financial results for the first quarter of 2025 on Wednesday May 21, 2025, on or about 07:00 CEST (1:00 a.m. EST).In connection with the earnings release, a live video webcast will be held at 15:00 CEST (9:00 a.m. EST) on the same day. In order to attend, use the following link to register and watch the webcast:Link to register and watch webcast We encourage listeners to register for the webc ...

Shares of Omega Flex, Inc. (OFLX) have declined 1.9% since the company reported its earnings for the quarter ended March 31, 2025. This compares to the S&P 500 index’s 1.7% change over the same time frame. Over the past month, the stock moved -6.9% versus the S&P 500’s 11.7% change, reflecting a notable underperformance amid broader market strength.Omega Flex reported first-quarter 2025 earnings per share of 35 cents, which decreased from 42 cents in the prior-year quarter. (See the Zacks Earnings Calendar ...

Wall Street analysts forecast that Flex (FLEX) will report quarterly earnings of $0.69 per share in its upcoming release, pointing to a year-over-year increase of 21.1%. It is anticipated that revenues will amount to $6.23 billion, exhibiting an increase of 1% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates ...

News summary JetCool's SmartSense Coolant Distribution Unit (CDU) liquid-to-liquid solutions support hyperscale, enterprise, and colocation applications Supported by Flex's advanced manufacturing capabilities and services to enable customers to rapidly scale liquid cooling infrastructure Flex will highlight the CDU at the 2025 OCP EMEA Summit in booth A18DUBLIN, April 29, 2025 /PRNewswire/ -- OCP EMEA Summit -- Flex's (NASDAQ: FLEX) liquid cooling business, JetCool, today announced the introduction of its S ...

News summary Increased domestic production capacity enables U.S. data center operators to better meet rising power infrastructure demands The expansion enhances production of Flex-owned critical power products such as Databar, Power Distribution Units (PDUs) and Remote Power Panels (RPPs) To support strong customer demand, Flex has boosted its U.S. presence to over 13 million square feet across 17 facilitiesAUSTIN, Texas, April 28, 2025 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced today that it has signifi ...

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]