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Flex LNG - Second Quarter 2024 Earnings Release
Prnewswire· 2024-08-14 05:36
HAMILTON, Bermuda, Aug. 14, 2024 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the six months ended June 30, 2024.Highlights:Vessel operating revenues of $84.7 million for the second quarter 2024, compared to $90.2 million for the first quarter 2024.Net income of $21.8 million and basic earnings per share of $0.41 for the second quarter 2024, compared to net income of $33.2 million and basic earnings per share of $0.62 for the first quarter 2 ...
FLEX, Musashi Tie Up to Boost Power Supply in AI Data Centers
ZACKS· 2024-08-09 15:00
Flex Ltd. (FLEX) recently inked an agreement with Musashi Energy Solutions, a group company of Musashi Seimitsu Industry Co., Ltd., Under this agreement, Musashi will supply Flex’s new series of Capacitive Energy Storage System (CESS) products featuring Musashi's Hybrid SuperCapacitors (HSC) at their core. These systems are designed to integrate seamlessly with server rack power setups, tackling key utility power troubles faced by artificial intelligence (AI) data centers.Flex is one of the first companies ...
Flex and Musashi Energy Solutions Partner to Mitigate Utility Power Challenges in AI Data Centers
Prnewswire· 2024-08-08 13:00
Flex first-to-market with new Capacitive Energy Storage System products featuring Musashi's Hybrid SuperCapacitors at the center AUSTIN, Texas, and BATTLE CREEK, Mich., Aug. 8, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) and Musashi Energy Solutions a group company of Musashi Seimitsu Industry Co., Ltd. (Tokyo Stock Exchange Prime Market: 7220), announced an extensive collaboration to supply Flex-designed and manufactured Capacitor-based Energy Storage Systems (CESS) featuring Musashi's Hybrid SuperCapacitor ( ...
Flex LNG - Invitation to the 2024 Second Quarter Presentation
Prnewswire· 2024-08-05 10:35
HAMILTON, Bermuda, Aug. 5, 2024 /PRNewswire/ -- Flex LNG Ltd ('Flex LNG' or the 'Company') will release its unaudited financial results for the second quarter of 2024 on Wednesday August 14, 2024, 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 webcastWe encourage listeners to register for the ...
Omega Flex, Inc. Announces Second Quarter 2024 Earnings
GlobeNewswire News Room· 2024-07-31 20:15
 OMEGA FLEX, INC. (OFLX) Six Months Ended June 30, Three Months Ended June 30,          2024 2023 2024 2023        Net Sales$49,836,000 $55,822,000 $24,620,000 $25,835,000                Net Income attributable to Omega Flex, Inc.$8,715,000 $10,298,000 $4,496,000 $4,556,000                Earnings Per Share – Basic and Diluted$0.86 $1.02 $0.45 $0.45                Weighted Average Shares – Basic and Diluted10,094,322 10,094,322 10,094,322 10,094,322                 EXTON, Pa., July 31, 2024 (GLOBE NEWSWIRE ...
Flex(FLEX) - 2025 Q1 - Quarterly Report
2024-07-26 20:02
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 June 28, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-23354 FLEX LTD. (Exact name of registrant as specified in its charter) Singapore Not Applicable (State or other j ...
Flex Appoints Michael Hartung as President, Chief Commercial Officer
Prnewswire· 2024-07-26 13:00
Establishes unified go-to-market organization to drive growth AUSTIN, Texas, July 26, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced today the appointment of Michael Hartung as President, Chief Commercial Officer, effective immediately. In his expanded role, Mr. Hartung will continue to report to Flex CEO, Revathi Advaithi and lead both the Agility and Reliability segments, focusing on delivering on the long-term Flex Forward strategy and driving the adoption of the company's end-to-end services and pro ...
Is Flex (FLEX) Stock Undervalued Right Now?
ZACKS· 2024-07-25 14:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at ...
FLEX's Q1 Earnings Surpass Estimates, Revenues Decline Y/Y
ZACKS· 2024-07-25 14:41
Flex Ltd (FLEX) reported first-quarter fiscal 2025 adjusted earnings per share (EPS) of 51 cents, beating the Zacks Consensus Estimate by 24.4%. The bottom line compared favorably with the prior-year quarter's 47 cents per share.Revenues fell 8% year over year to $6.3 billion. However, it surpassed the consensus mark by 7%. The downside resulted from a slowdown in the Agility and Reliability Solutions business segments.Following the announcement, shares were up 6.86% and closed the session at $31.76 on Jul ...
Flex(FLEX) - 2025 Q1 - Earnings Call Transcript
2024-07-24 15:18
Flex Ltd. (NASDAQ:FLEX) Q1 2025 Earnings Conference Call July 24, 2024 8:30 AM ET Company Participants David Rubin - Vice President, Investor Relations Revathi Advaithi - Chief Executive Officer Paul Lundstrom - Chief Financial Officer Jaime Martinez - Senior Vice President of Finance Conference Call Participants Samik Chatterjee - JPMorgan Matthew Sheerin - Stifel George Wang - Barclays Steven Fox - Fox Advisors Ruplu Bhattacharya - Bank of America Jacob Moore - KeyBanc Capital Markets Mark Delaney - Goldm ...