Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FLEX LTD. reported fourth quarter and fiscal year ended March 31, 2024 results: revenue Net Sales: $6.2 billion, net income GAAP Net Income from continuing operations: $395 million, EPS GAAP Earnings Per Share from continuing operations: $0.93.
- Period
- fourth quarter and fiscal year ended March 31, 2024
- Revenue
- Net Sales: $6.2 billion
- Net income
- GAAP Net Income from continuing operations: $395 million
- EPS
- GAAP Earnings Per Share from continuing operations: $0.93
- Result
- reported results
Exact text from the filing
May 1, 2024 – Flex (NASDAQ: FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Highlights: • Net Sales: $6.2 billion • GAAP Operating Income: $159 million • Adjusted Operating Income: $333 million • GAAP Net Income from continuing operations: $395 million • Adjusted Net Income from continuing
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael D. Capellas departed as Chair of the Board at FLEX LTD..
- Action
- not standing for re-election
- Role
- Chair of the Board
Exact text from the filing
Michael D. Capellas, Chair of the Company's Board of Directors (the “Board”), informed the Board of his decision not to stand for re-election to the Board at the Company’s 2024 Annual General Meeting of shareholders to be held on August 8, 2024 .
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.7
FLEX LTD. announced a restructuring with charges of $75 million to $125 million.
- Type
- restructuring
- Charge
- $75 million to $125 million
Exact text from the filing
On April 30, 2024, the Company’s management committed to targeted restructuring activities to improve operational efficiencies by reducing excess workforce capacity and optimizing the Company’s manufacturing footprint. While a detailed action plan has not been finalized, the Company currently estimates charges in the range of $75 million to $125 million will be recognized in the first three quarters of the fiscal year ending March 31, 2025.
View on SEC.gov