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Complete financial analysis of Flex Ltd. (FLEX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Flex Ltd., a leading company in the Hardware, Equipment & Parts industry within the Technology sector.
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Flex Ltd. (FLEX)
About Flex Ltd.
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.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26.42B | 30.35B | 26.04B | 24.12B | 24.21B | 26.31B | 25.44B | 23.86B | 24.42B | 26.15B | 26.11B | 23.57B | 29.39B | 28.68B | 24.11B | 30.95B | 27.56B | 18.85B | 15.29B | 15.91B | 14.53B | 13.38B | 13.10B | 12.11B | 4.31B | 1.81B | 1.11B | 490.59M | 448.30M | 237.40M | 122.90M | 93.30M |
| Cost of Revenue | 24.47B | 28.08B | 24.11B | 22.44B | 22.87B | 24.79B | 23.85B | 22.34B | 22.81B | 24.60B | 24.67B | 22.40B | 27.87B | 27.09B | 22.89B | 29.51B | 25.97B | 17.92B | 14.54B | 14.83B | 13.70B | 12.65B | 12.22B | 11.13B | 4.00B | 1.65B | 1.00B | 440.45M | 397.10M | 209.50M | 107.80M | 80.90M |
| Gross Profit | 1.95B | 2.27B | 1.93B | 1.69B | 1.34B | 1.52B | 1.60B | 1.52B | 1.61B | 1.55B | 1.44B | 1.17B | 1.52B | 1.58B | 1.22B | 1.44B | 1.59B | 929.00M | 747.88M | 1.08B | 825.84M | 728.30M | 879.88M | 981.80M | 302.57M | 154.74M | 108.90M | 50.14M | 51.20M | 27.90M | 15.10M | 12.40M |
| Gross Profit Ratio | 7.38% | 7.46% | 7.42% | 6.99% | 5.53% | 5.77% | 6.27% | 6.37% | 6.59% | 5.91% | 5.52% | 4.95% | 5.16% | 5.53% | 5.05% | 4.64% | 5.75% | 4.93% | 4.89% | 6.79% | 5.68% | 5.44% | 6.71% | 8.11% | 7.02% | 8.56% | 9.78% | 10.22% | 11.42% | 11.75% | 12.29% | 13.29% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 66.00M | 78.20M | 65.60M | 75.50M | 26.30M | 30.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 922.00M | 995.00M | 892.00M | 817.00M | 834.11M | 953.08M | 1.02B | 937.34M | 954.89M | 844.47M | 874.80M | 805.24M | 880.64M | 816.35M | 767.13M | 979.06M | 868.11M | 547.54M | 463.95M | 568.53M | 487.29M | 456.20M | 443.59M | 430.11M | 135.54M | 71.48M | 62.56M | 30.72M | 50.10M | 11.60M | 6.50M | 5.30M |
| Other Expenses | 0.00 | 82.00M | 68.00M | 62.00M | 64.11M | -110.41M | 169.72M | -21.19M | -47.74M | 53.23M | -57.51M | 65.19M | 19.96M | 70.91M | 89.62M | 135.87M | 112.32M | 37.09M | 37.16M | 42.52M | 36.72M | 22.15M | 12.62M | 63.54M | 6.78M | 3.62M | -3.76M | 8.50M | 10.40M | 6.10M | 3.40M | 3.70M |
| Operating Expenses | 922.00M | 1.08B | 960.00M | 879.00M | 898.21M | 1.03B | 1.10B | 1.02B | 1.02B | 876.51M | 903.69M | 834.76M | 936.53M | 816.35M | 856.75M | 1.11B | 980.42M | 584.63M | 501.11M | 611.05M | 524.00M | 478.35M | 456.20M | 493.65M | 142.32M | 75.10M | 58.81M | 39.22M | 60.50M | 17.70M | 9.90M | 9.00M |
| Cost & Expenses | 25.39B | 29.16B | 25.07B | 23.32B | 23.77B | 25.82B | 24.94B | 23.36B | 23.83B | 25.48B | 25.57B | 23.24B | 28.81B | 27.91B | 23.75B | 30.63B | 26.95B | 18.51B | 15.04B | 15.44B | 14.23B | 13.13B | 12.68B | 11.62B | 4.15B | 1.73B | 1.06B | 479.67M | 457.60M | 227.20M | 117.70M | 89.90M |
| Interest Income | 56.00M | 30.00M | 14.00M | 14.00M | 19.38M | 19.50M | 104.26M | 95.89M | 0.00 | 0.00 | 0.00 | 8.93M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 207.00M | 458.00M | 152.00M | 150.00M | 163.73M | 183.45M | 0.00 | 0.00 | 84.79M | 51.41M | 61.90M | 56.26M | 36.01M | 82.07M | 155.60M | 188.37M | 101.30M | 91.99M | 92.95M | 94.21M | 25.91M | 92.78M | 91.85M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 498.00M | 492.00M | 606.90M | 484.00M | 486.51M | 507.81M | 513.07M | 513.63M | 491.67M | 32.04M | 28.89M | 29.53M | 521.92M | 471.67M | 707.53M | 693.60M | 712.84M | 421.74M | 390.83M | 375.83M | 664.57M | 420.17M | 483.63M | 524.07M | 82.69M | 50.41M | 30.95M | 13.94M | 10.40M | 6.10M | 3.40M | 3.70M |
| EBITDA | 1.33B | 1.49B | 1.46B | 1.43B | 790.98M | 835.59M | 1.16B | 992.48M | 1.04B | 754.10M | 926.90M | 951.43M | 1.13B | 1.18B | 1.07B | -5.36B | 870.08M | 766.11M | 637.61M | 943.33M | 489.14M | 670.12M | 907.31M | 1.01B | 454.25M | 353.29M | 88.82M | 38.21M | 37.50M | 16.30M | 8.60M | 7.10M |
| EBITDA Ratio | 5.02% | 5.58% | 5.59% | 5.76% | 4.53% | 4.35% | 4.81% | 4.57% | 4.32% | 2.88% | 1.95% | 1.58% | 3.82% | 2.68% | 4.43% | 2.78% | 6.37% | 3.68% | 4.10% | 5.93% | 11.08% | 7.28% | 11.26% | 16.10% | 5.76% | 7.38% | 7.85% | 5.72% | 0.60% | 7.62% | 7.81% | 7.93% |
| Operating Income | 1.03B | 1.18B | 972.00M | 821.00M | 348.20M | 490.30M | 497.84M | 502.21M | 653.17M | 700.87M | 548.76M | 349.41M | 544.80M | 768.58M | 360.79M | 320.63M | 604.92M | 344.37M | 246.78M | 469.31M | 301.84M | 249.95M | 423.68M | 488.15M | 160.25M | 79.63M | 50.09M | 10.92M | -9.30M | 10.20M | 5.20M | 3.40M |
| Operating Income Ratio | 3.89% | 3.90% | 3.73% | 3.40% | 1.44% | 1.86% | 1.96% | 2.10% | 2.67% | 2.68% | 2.10% | 1.48% | 1.85% | 2.68% | 1.50% | 1.04% | 2.20% | 1.83% | 1.61% | 2.95% | 2.08% | 1.87% | 3.23% | 4.03% | 3.72% | 4.41% | 4.50% | 2.23% | -2.07% | 4.30% | 4.23% | 3.64% |
| Total Other Income/Expenses | -362.00M | -377.00M | -8.00M | -156.00M | -345.37M | -382.57M | -55.59M | -170.12M | -132.53M | 1.82M | -136.08M | -2.67M | -26.05M | -81.08M | -371.54M | 5.21M | -600.34M | -19.42M | -82.04M | -109.81M | -235.94M | -397.19M | -666.28M | -1.04B | 21.40M | -40.26M | -28.50M | -6.43M | -33.90M | -2.50M | -2.00M | -1.80M |
| Income Before Tax | 666.00M | 974.00M | 1.05B | 714.00M | 158.49M | 182.13M | 520.89M | 370.85M | 454.68M | 670.66M | 400.45M | 328.82M | 564.76M | 615.60M | -16.78M | -6.08B | 65.67M | 324.95M | 164.74M | 276.91M | -420.12M | -147.24M | -242.60M | -552.30M | 136.42M | 59.30M | 22.17M | 9.68M | -13.60M | 7.70M | 3.20M | 1.60M |
| Income Before Tax Ratio | 2.52% | 3.21% | 4.01% | 2.96% | 0.65% | 0.69% | 2.05% | 1.55% | 1.86% | 2.56% | 1.53% | 1.40% | 1.92% | 2.15% | -0.07% | -19.65% | 0.24% | 1.72% | 1.08% | 1.74% | -2.89% | -1.10% | -1.85% | -4.56% | 3.17% | 3.28% | 1.99% | 1.97% | -3.03% | 3.24% | 2.60% | 1.71% |
| Income Tax Expense | -206.00M | -59.00M | 105.00M | 101.00M | 70.91M | 88.73M | 92.36M | 51.28M | 10.59M | 69.85M | 34.86M | 26.31M | 54.12M | 19.38M | -35.37M | 5.21M | 705.04M | 4.05M | 54.22M | -62.96M | -67.74M | -63.79M | -88.85M | -106.29M | 15.51M | 7.77M | 2.26M | 2.21M | 3.80M | 1.50M | 700.00K | 300.00K |
| Net Income | 1.01B | 793.00M | 936.00M | 613.00M | 88.00M | 93.40M | 428.53M | 319.56M | 444.08M | 600.80M | 365.59M | 277.05M | 488.77M | 596.22M | 18.59M | -6.09B | -639.37M | 508.64M | 141.16M | 339.87M | -352.38M | -83.45M | -153.75M | -446.02M | 120.92M | 51.53M | 19.91M | 7.46M | -17.40M | 6.20M | 2.90M | 1.30M |
| Net Income Ratio | 3.81% | 2.61% | 3.59% | 2.54% | 0.36% | 0.36% | 1.68% | 1.34% | 1.82% | 2.30% | 1.40% | 1.18% | 1.66% | 2.08% | 0.08% | -19.67% | -2.32% | 2.70% | 0.92% | 2.14% | -2.43% | -0.62% | -1.17% | -3.68% | 2.81% | 2.85% | 1.79% | 1.52% | -3.88% | 2.61% | 2.36% | 1.39% |
| EPS | 2.31 | 1.75 | 1.97 | 1.23 | 0.17 | 0.18 | 0.81 | 0.59 | 0.80 | 1.04 | 0.60 | 0.42 | 0.68 | 0.77 | 0.02 | -7.41 | -0.89 | 0.86 | 0.25 | 0.61 | -0.67 | -0.16 | -0.31 | -1.01 | 0.44 | 0.33 | 0.14 | 0.09 | -0.15 | 0.07 | 0.07 | 0.03 |
| EPS Diluted | 2.28 | 1.72 | 1.94 | 1.21 | 0.17 | 0.18 | 0.80 | 0.59 | 0.79 | 1.02 | 0.59 | 0.41 | 0.67 | 0.75 | 0.02 | -7.41 | -0.89 | 0.85 | 0.24 | 0.58 | -0.67 | -0.16 | -0.31 | -1.01 | 0.42 | 0.32 | 0.13 | 0.09 | -0.15 | 0.07 | 0.07 | 0.03 |
| Weighted Avg Shares Out | 435.00M | 454.00M | 476.00M | 499.00M | 508.77M | 527.00M | 529.78M | 540.50M | 557.67M | 579.98M | 610.50M | 662.87M | 716.25M | 777.32M | 811.68M | 820.96M | 720.52M | 588.59M | 573.52M | 552.92M | 525.94M | 517.20M | 489.55M | 441.99M | 356.34M | 183.73M | 146.10M | 129.11M | 117.50M | 88.57M | 41.43M | 43.33M |
| Weighted Avg Shares Out (Dil) | 441.00M | 462.00M | 483.00M | 506.00M | 512.44M | 530.00M | 536.60M | 546.22M | 564.87M | 591.56M | 623.48M | 675.03M | 727.81M | 790.19M | 821.11M | 820.96M | 720.52M | 596.85M | 600.60M | 585.50M | 525.94M | 517.20M | 489.55M | 441.99M | 383.12M | 194.11M | 152.78M | 129.11M | 117.50M | 88.57M | 41.43M | 43.33M |
Flex LNG - Third Quarter 2024 Presentation
HAMILTON, Bermuda , Nov. 12, 2024 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s third quarter 2024 results which will be presented in a live video webcast today at 15:00 CET (09:00 a.m.
Here's Why Flex (FLEX) is a Strong Momentum Stock
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Flex LNG secures Time Charter extension for Flex Courageous and Flex Resolute by up to 10 years from 2029
HAMILTON, Bermuda , Nov. 7, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce it has agreed with the Charterer of Flex Courageous and Flex Resolute, a Supermajor, to amend the...
Flex LNG - Invitation to the 2024 Third Quarter Presentation
HAMILTON, Bermuda , Nov. 5, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") will release its unaudited financial results for the third quarter of 2024 on Tuesday November 12, 2024, on or about 07:00 CET (1:00 a.m....
Flex Wins Cisco 2024 Excellence in ESG Award
AUSTIN, Texas , Nov. 4, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced it received Cisco's 2024 Excellence in ESG (Environmental, Social, and Governance) award. Cisco presented this esteemed honor at its annual Supplier Appreciation Event (SAE) to a live audience...
Omega Flex Q3 Earnings Decline Y/Y on Lower Demand, Higher Overheads
OFLX's Q3 earnings decrease as softening demand and higher fixed costs hit margins. Despite cost-cutting efforts, the company witnesses a 9.5% revenue drop and a 17.2% decline in net income.
FLEX's Q2 Earnings Top Estimates, Revenues Down Y/Y, Stock Gains
FLEX's fiscal Q2 2025 performance is affected by continued softness across the Agility and Reliability Solutions segments.
Omega Flex, Inc. Announces Third Quarter 2024 Earnings
EXTON, Pa., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company”) for the first nine months of 2024 and 2023 were $74,716,000 and $83,318,000, respectively, decreasing $8,602,000 or 10.3%....
Flex Ltd. (FLEX) Q3 2024 Earnings Call Transcript
Flex Ltd. (NASDAQ:FLEX ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants David Rubin - Vice President, Investor Relations Revathi Advaithi - Chief Executive Officer Jaime Martinez - Senior Vice President of Finance Conference Call...
Flex (FLEX) Q2 Earnings and Revenues Surpass Estimates
Flex (FLEX) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.68 per share a year ago.
Source: https://incomestatements.info
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