Flex Ltd (OQ:FLEX)

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
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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

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