Flex Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 02, 2024 at 05:22 pm EST
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Flex Ltd. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 7,103 million compared to USD 7,756 million a year ago. Net income was USD 197 million compared to USD 230 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to USD 0.5 a year ago.
For the nine months, sales was USD 21,910 million compared to USD 22,869 million a year ago. Net income was USD 611 million compared to USD 651 million a year ago. Basic earnings per share from continuing operations was USD 1.39 compared to USD 1.43 a year ago. Diluted earnings per share from continuing operations was USD 1.37 compared to USD 1.41 a year ago.
Flex Ltd. is the manufacturing partner that helps brands design, build, deliver and manage products. The Company delivers advanced manufacturing, data center IT and power infrastructure solutions. Its segments include Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The FAS segment consists of various end markets, such as Communications, Enterprise and Cloud, including data infrastructure, edge infrastructure and communications infrastructure; Lifestyle, including appliances, consumer packaging, floorcare, micromobility 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, embedded and critical power offerings and renewables and grid edge.
FLEX LTD. 
