Trade Flex Ltd - FLEX CFD

Flextronics Company profile

About Flex Ltd

Flex Ltd. is engaged in the design, engineering, manufacturing services, and supply chain services and solutions. The Company's segments include Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The FAS segment consists of 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 autonomous, connectivity, electrification, and smart technologies; Health Solutions, including medical devices, medical equipment and drug delivery; and Industrial, including capital equipment, industrial devices, renewable including its Nextracker business, grid edge and power systems. Its customers include technology, healthcare, automotive, and industrial companies.

Financial summary

BRIEF: For the nine months ended 31 December 2021, Flex Ltd revenues increased 7% to $19.19B. Net income increased from $372.8M to $769M. Revenues reflect Flex Reliability Solutions segment increase of 12% to $8.74B, Flex Agility Solutions segment increase of 4% to $10.45B, Other segment increase of 34% to $4.44B, Mexico segment increase of 15% to $3.71B. Net income benefited from INTEREST AND OTHER, NET - Balancing increase from $54.3M to $207M (income).

Equity composition

Common Stock no Par, 12/10, 1.5B auth., 849,851,224 issd., less 90,716,838 shs. in Treas. @ $628M. Insiders own 0.27%.IPO 3/94, 2.5Mshares @ $14 by Montgomery Secs. PO:6/00, 5.5M shares @ $71.25 by Banc of America. 10/00, 12/99, 1/99, 2-for-1 splt. 12/06, Co. acquired International Display Works, Inc. @ 0.5653 shares.