Flex Ltd ( (FLEX) ) has realeased its Q2 earnings. Here is a breakdown of the information Flex Ltd presented to its investors.
Flex Ltd, a global provider of supply chain and manufacturing solutions, operates in diverse industries across 30 countries, focusing on technology innovation and sustainable practices. The company, listed on NASDAQ, recently released its financial results for the second quarter of fiscal year 2025, showcasing strong performance metrics. Flex reported net sales of $6.5 billion, with a GAAP operating income of $297 million and an adjusted operating income of $358 million. The company’s GAAP net income stood at $214 million, translating to a GAAP earnings per share of $0.54, while the adjusted earnings per share was $0.64.
Key highlights from the earnings report include the announcement of the pending acquisition of Crown Technical Systems, aligning with Flex’s strategy to expand in higher value markets. This strategic move aims to enhance long-term shareholder value through margin expansion, earnings per share growth, and cash generation. The company also provided guidance for the third quarter of fiscal 2025, projecting revenues between $6.0 billion and $6.4 billion, with GAAP earnings per share expected to range from $0.42 to $0.48.
Flex’s financial stability is further reflected in its updated fiscal year 2025 guidance, anticipating revenues between $24.9 billion and $25.5 billion, with a GAAP EPS forecasted at $1.77 to $1.89. The adjusted EPS, excluding certain expenses, is expected to be between $2.39 and $2.51. The company maintains a robust balance sheet with total assets of $18.6 billion and cash and cash equivalents of $2.6 billion as of September 27, 2024.
Looking ahead, Flex’s management remains optimistic about the company’s strategic direction and financial health. With ongoing initiatives to capture growth in premium markets and a focus on sustainable operations, Flex aims to continue delivering value to its shareholders while navigating macroeconomic challenges and industry dynamics.
