Flex Ltd. Reports $19.4B Revenues in 10-Q Analysis

By Tamara Parker • Saturday, February 01 15:20 • Permanent Link

Flex Ltd. has recently released its 10-Q report, revealing a comprehensive overview of its business operations. The company operates through two segments, Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS), providing a wide array of manufacturing solutions across various industries. Flex reported revenues of $19.4 billion for the nine-month period ended December 31, 2024, and $26.4 billion in the fiscal year ended March 31, 2024. The company maintains a global workforce across approximately 30 countries.

In the nine-month period ended December 31, 2024, Flex reported net sales of $19.4 billion, with the Americas accounting for 48% of net sales, Asia for 31%, and Europe for 21%. Mexico, China, and the United States were the top countries contributing to net sales, with 26%, 17%, and 16% respectively. The company's net property and equipment were predominantly located in Mexico, the United States, and China, accounting for 36%, 14%, and 13% respectively.

Flex's operating results are influenced by various factors, including global economic conditions, changes in trade regulations and tariffs, supply chain issues, and the success of its customers' products in the market. The company also highlighted the impact of geopolitical conflicts, such as the Russian invasion of Ukraine and the Israel-Hamas war, on its business operations and financial performance.

The 10-Q report also provided a breakdown of the company's results of operations, showing gross profit at 8.2% of net sales and operating income at 4.5% of net sales for the nine-month period ended December 31, 2024. The company reported a net income of 3.2% of net sales, with a significant portion attributable to noncontrolling interests.

Flex's 10-Q report offers a detailed insight into its financial performance, global operations, and the various factors impacting its business, providing investors and stakeholders with valuable information to assess the company's position in the market. Following these announcements, the company's shares moved -1.0%, and are now trading at a price of $41.65. For the full picture, make sure to review Flex's 10-Q report.

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