The upcoming earnings report for Flex Ltd. is scheduled for Tuesday, May 5th. Analysts estimate an earnings per share of $0.86.
Flex Ltd.'s current price stands at $85.31, reflecting a decrease of $4.77 (-5.3%) from the previous close. The trading volume is $1.20 million, 31.75% higher than the average.
In the latest quarterly earnings report on Tuesday, February 3rd, Flex Ltd. surpassed expectations with an EPS of 64 cents, higher than the consensus estimate of 0.79.
Flex Ltd. experienced a net cash increase of $808 million, reaching $3 billion in cash at the end of the period. Notably, debt repayment amounted to $-744 million.
Flex Ltd. generated $7 billion in revenue, with a gross profit of $685 million. The company reported an operating income of $400 million and a net income of $239 million.
Key ratios indicate Flex Ltd.'s performance, including a net profit margin of 3.39%, return on assets of 1.15, and a price-to-earnings ratio of 23.76.
Flex Ltd. shows a strong financial position with total assets of $20.82 billion, total liabilities of $15.70 billion, and net debt at $2.54 billion.
This real-time financial report provides insights into Flex Ltd.'s current market performance and financial standing.
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio. It also offers integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; and power solutions, such as switchgear, busway, power distribution, modular power systems, and monitoring solutions and services. Additionally, the company provides after-market and forward supply chain logistics services to computing, consumer digital, infrastructure, industrial, mobile, automotive, and medical industries; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. It serves to cloud, communications, enterprise, automotive, industrial, consumer devices, lifestyle, healthcare, and energy industries. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was incorporated in 1990 and is based in Singapore.