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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 ...
Flex (FLEX) Q1 Earnings and Revenues Top Estimates
ZACKS· 2024-07-24 14:16
Flex (FLEX) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.39%. A quarter ago, it was expected that this electronics designer and manufacturer would post earnings of $0.55 per share when it actually produced earnings of $0.57, delivering a surprise of 3.64%.Over the last four quar ...
Flex(FLEX) - 2025 Q1 - Quarterly Results
2024-07-24 12:10
EXHIBIT 99.1 P R E S S R E L E A S E FLEX REPORTS FIRST QUARTER FISCAL 2025 RESULTS, ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION Austin, Texas, July 24, 2024 – Flex (NASDAQ: FLEX) today announced results for its first quarter ended June 28, 2024. First Quarter Fiscal Year 2025 Highlights: An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "We delivered another solid quarter, including year-over-year ...
FLEX REPORTS FIRST QUARTER FISCAL 2025 RESULTS, ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION
Prnewswire· 2024-07-24 12:05
AUSTIN, Texas, July 24, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its first quarter ended June 28, 2024. First Quarter Fiscal Year 2025 Highlights: Net Sales: $6.3 billion GAAP Operating Income: $233 million Adjusted Operating Income: $306 million GAAP Net Income attributable to Flex Ltd: $139 million Adjusted Net Income attributable to Flex Ltd: $211 million GAAP Earnings Per Share: $0.34 Adjusted Earnings Per Share: $0.51 An explanation and reconciliation of non-GAAP financial ...
Flex Joins the Reverse Logistics Association
Prnewswire· 2024-07-18 13:05
Company brings more than two decades of experience in integrated reverse logistics and circular economy services at scale to global member network AUSTIN, Texas, July 18, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced it has joined the Reverse Logistics Association (RLA), a member-driven, global trade association for the returns and reverse industry and an authoritative body for reverse logistics best practices. Bringing more than two decades of experience in integrated reverse logistics and circular ec ...
ShiftWise Flex™ Launches Manager Hub App Enabling Mobile Workforce Management for Healthcare Organizations
GlobeNewswire News Room· 2024-07-16 14:00
DALLAS, July 16, 2024 (GLOBE NEWSWIRE) -- AMN Healthcare, the leader and innovator in total talent solutions for healthcare organizations, launched the Manager Hub app, the latest innovative capability of its workforce management platform, ShiftWise Flex™. This additional functionality empowers healthcare organizations with on-the-go, accessible workforce management capabilities. ShiftWise Flex, a next-gen vendor-neutral vendor management system (VMS), serves as a comprehensive workforce management platform ...
FLEX LNG: 11% Yield On LNG Shipping
Seeking Alpha· 2024-07-14 13:15
Natallia Pershaj/iStock via Getty Images Liquid Natural Gas, known as LNG, had a surge in 2022. This was due to Russia's invasion of Ukraine, which caused European countries to change their buying patterns. LNG shipping prices increased accordingly. Europe remains the biggest importer of LNG, but it appears to be adopting more of a wait and see approach in 2024, with up to 66% of its LNG demand uncontracted: FLNG site Higher rates in 2022 allowed FLEX LNG Ltd. (NYSE:FLNG) to secure higher long-term ch ...
Flex Announces Date for First Quarter Fiscal 2025 Earnings Call
Prnewswire· 2024-07-09 20:05
AUSTIN, Texas, July 9, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) will announce its first quarter fiscal 2025 financial results before the market opens on Wednesday, July 24, 2024. The company will hold a conference call to discuss the results on the same day at 7:30 AM (CT) / 8:30 AM (ET).The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following t ...
Flex Provides Exposure To 2 Verticals That Have Strong Secular Tailwinds
Seeking Alpha· 2024-07-02 11:05
SweetBunFactory Investment overview I give a buy rating to Flex Ltd. (NASDAQ:FLEX). I believe FLEX gives investors direct exposure to two key verticals that have very strong underlying secular tailwinds. These two verticals should improve FLEX's overall growth profile from historical low-single-digits to mid-to-high-single-digits. Coupled with margin expansion (high-growth segments have higher margins), I am expecting FLEX to see earnings growth faster than revenue growth. Lastly, when combined with the ...
Flex LNG to attend DNB Investor Lunch in New York
Prnewswire· 2024-06-24 11:06
HAMILTON, Bermuda, June 24, 2024 /PRNewswire/ -- Flex LNG will attend the DNB Investor Lunch in connection with Marine Money 2024 in New York, and we will also be meeting with investors. The presentation used is attached hereto and is also available on our web page.For more information please contact:Knut Traaholt, Chief Financial Officer of Flex LNG Management ASTelephone: +47 23 11 40 00Email: [email protected]About FLEX LNGFlex LNG is a shipping company focused on the growing market for Liquefied Natural ...