Flex Reports Record Earnings with Impressive Growth in Q3 Fiscal 2025

Flex Reports Third Quarter Fiscal 2025 Results

Flex, a leading manufacturing partner known for its innovation and technology solutions, has released its financial results for the third quarter ending December 31, 2024. The company's performance reflects a commitment to growth and profitability, with an impressive net sales figure of $6.6 billion.

In this latest quarter, Flex reported a GAAP operating income of $334 million, demonstrating robust operational efficiency. An adjusted operating income was even more notable, reaching $399 million, underscoring the company's ability to improve its bottom line through a strategic focus on operational excellence.

One of the standout metrics from the report was the adjusted net income attributable to Flex Ltd, which was reported at $304 million. This figure represents a significant increase compared to the previous quarter, highlighting the company’s momentum heading into 2025. Earnings per share (EPS) numbers also reflect this upward trajectory, with a GAAP EPS of $0.67 and an adjusted EPS reaching $0.77.

Revathi Advaithi, Flex's CEO, commented on the results, stating, "We achieved a very strong Q3, delivering another quarter of record adjusted operating margin and EPS. Our consistent margin expansion is coming from improving mix and efficiency in every business unit across Flex." This acknowledgment signals the company's strategic efforts to streamline operations and prioritize profitable growth.

Looking forward, Flex provided guidance for the fourth quarter of fiscal 2025, estimating revenues between $6.0 billion and $6.4 billion. The company anticipates a GAAP operating income ranging from $286 million to $326 million, while the adjusted operating income is projected to fall between $360 million and $400 million. This forward-looking perspective is crucial for stakeholders and investors as it sets expectations for the upcoming quarter.

For the entire fiscal year 2025, Flex updated its revenue guidance to a range of $25.4 billion to $25.8 billion, with projected GAAP EPS of $2.02 to $2.10 and adjusted EPS between $2.57 and $2.65. These figures take into consideration various financial adjustments, including stock-based compensation and restructuring charges, indicating a clear view of the company's financial positioning.

To facilitate a deeper understanding of these results, Flex will host a conference call today at 7:30 AM CT / 8:30 AM ET, where management will discuss the third quarter performance and answer questions from investors and the media. A live webcast will be accessible via the Flex Investor Relations website.

About Flex

Flex is recognized globally as a premier manufacturing partner, committed to enhancing product design and production across diverse industries. Operating with a workforce spread across 30 countries, the company underlines its dedication to sustainability and technological advancement, providing its customers with innovative supply chain and manufacturing solutions.

As the financial landscape evolves, Flex's latest quarterly results position the company favorably for continued growth. With a strong operational performance, strategic planning, and a focus on innovation, Flex is poised to meet the challenges of an ever-changing marketplace while delivering value to its stakeholders.