Flex Ltd. Reports Earnings Results for the Fourth Quarter Ended March 31, 2024
May 01, 2024 at 01:05 pm
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Flex Ltd. reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported sales was USD 6,169 million compared to USD 6,984 million a year ago. Net income was USD 395 million compared to USD 142 million a year ago.
Diluted earnings per share from continuing operations was USD 0.93 compared to USD 0.3 a year ago. Diluted earnings per share was USD 0.93 compared to USD 0.31 a year ago.
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.