Flex said net sales for the 3 months ended December 31, 2024 totaled $6.6 billion, representing an increase of approximately 2% from $6.4 billion in the prior-year period. The FAS segment increased approximately 4%, while the FRS segment remained relatively flat compared to the prior-year period.

1. 01

   Flex said net sales for the 3 months ended December 31, 2024 totaled $6.6 billion, representing an increase of approximately 2% from $6.4 billion in the prior-year period. The FAS segment increased approximately 4%, while the FRS segment remained relatively flat compared to the prior-year period.

2. 02

   Flex said gross profit for the 3 months totaled $0.6 billion, or 9.1% of net sales, with gross margin improving 240 basis points compared to 6.7% in the prior-year period. Net income from continuing operations was $263 million compared to $129 million in the prior-year period.

3. 03

   Flex said operating cash flow for the 9 months ended December 31, 2024 was $1.1 billion, and adjusted free cash flow was $0.8 billion inflow compared to $0.2 billion in the prior-year period.

4. 04

   Flex said it repurchased $958 million of shares at an average price per share of $31.36 under its current and prior share repurchase programs during the 9 months. As of December 31, the remaining balance available for repurchase under the current program (authorized $1.7 billion) was $1.3 billion.

Key figures

Quarter ended December 31, 2024

Revenue

$6.6B

Operating income

$334M

Net income

$263M

EPS

$0.67

Gross profit

$594M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.