Sector: Technology | Industry: Electronic Equipment & Parts |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2 Changi South Lane 486123 |
Tel: | 1-408-5774632 |
Website: | https://flex.com |
IR: | See website |
Key People | ||
Revathi Advaithi Chief Executive Officer, Director | Paul R. Lundstrom Chief Financial Officer | Michael P. Hartung President - Agility Solutions |
Rebecca S. Sidelinger President - Reliability Solutions | Kwang Hooi Tan President, Global Operations and Components | Scott Offer Executive Vice President, General Counsel | Daniel J. Wendler Chief Accounting Officer |
Business Overview |
Flex Ltd. is engaged in providing a portfolio of manufacturing solutions and services. The Company operates through three segments: Flex Agility Solutions (FAS), and Flex Reliability Solutions (FRS). The FAS segment is comprised of various end markets, such as Communications, Enterprise, and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure; Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio; and Consumer Devices, including mobile and high velocity consumer devices. The FRS segment consists of end markets, such as Automotive, including mobility, autonomous, connectivity, electrification, and smart technologies; Health Solutions, including medical devices, medical equipment, and drug delivery; and Industrial, including capital equipment, industrial devices, and renewables and grid edge. |
Financial Overview |
For the nine months ended 31 December 2023, Flex Ltd revenues decreased 4% to $21.91B. Net income decreased 6% to $611M. Revenues reflect Flex Agility Solutions segment decrease of 11% to $10.69B, China segment decrease of 23% to $3.96B, Brazil segment decrease of 25% to $1.22B, Other segment decrease of 7% to $4.44B. Net income also reflects Unallocated segment loss increase of 75% to $278M, Flex Agility Solutions segment income decrease of 7% to $488M. |
Employees: | 172,108 as of Mar 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $12,728M as of Dec 31, 2023 |
Annual revenue (TTM): | $29,387M as of Dec 31, 2023 |
EBITDA (TTM): | $1,923M as of Dec 31, 2023 |
Net annual income (TTM): | $753.00M as of Dec 31, 2023 |
Free cash flow (TTM): | $468.00M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $670.00M as of Dec 31, 2023 |
Shares outstanding: | 421,163,217 as of Jan 26, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |