Flex Ltd.
Flex Announces CFO Transition and Q1 FY25 Results
Summary
Flex Ltd. announced its financial results for the first quarter of fiscal year 2025 on July 24, 2024, reporting net sales of $6.3 billion, GAAP operating income of $233 million, and GAAP net income of $139 million. The company also announced that Paul Lundstrom, its Chief Financial Officer, will resign effective July 31, 2024, to be replaced by Jaime Martinez as Interim CFO. Flex expects second quarter FY25 revenue between $6.2 billion and $6.8 billion and full-year FY25 revenue between $25.4 billion and $26.4 billion.
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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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