Flex Ltd.
Flex Reports Third Quarter Fiscal 2024 Results
Summary
Flex Ltd. announced its third quarter fiscal 2024 results on January 31, 2024. The company reported net sales of $7.1 billion, GAAP operating income of $348 million, and GAAP net income of $197 million. Adjusted net income was $309 million. EPS was $0.45 on a GAAP basis and $0.71 on an adjusted basis. The company also provided guidance for the fourth quarter and full fiscal year 2024, excluding its economic interest in Nextracker from Q4. The full-year guidance includes Nextracker for Q1 through Q3.
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About Flex Ltd.
Flex Ltd. is a leading manufacturing and supply chain solutions provider that operates on a global scale. The company primarily focuses on developing and delivering innovative product solutions for a broad range of industries including consumer electronics, industrial automation, automotive, healthcare, and energy. Leveraging advanced technologies and supply chain expertise, Flex Ltd. offers comprehensive services ranging from design, engineering, and manufacturing to logistics and post-production support. As a key player in the manufacturing sector, the company enables its clients to streamline their operations, reduce costs, and accelerate time-to-market for new products. Flex Ltd.'s strategic global footprint, encompassing facilities and offices in over 30 countries, highlights its significant role in facilitating a seamless flow of goods across international markets. Founded in 1969 and headquartered in Singapore, Flex Ltd. continues to influence how businesses adapt to evolving technological and market demands with its commitment to efficiency, sustainability, and innovation.
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