Flex reports Q1 FY2025 net sales $6.3B, GAAP EPS $0.34; CFO Lundstrom resigning, Martinez interim CFO

FLEX LTD.

2025-Q1 EPS reported $0.34 revenue$6,314,000,000

Q1 net sales $6.3B; GAAP operating income $233M; adjusted operating income $306M.
GAAP net income $139M ($0.34 EPS); adjusted net income $211M ($0.51 EPS).
CFO Paul Lundstrom resigning effective July 31, 2024 to pursue other opportunity.
Jaime Martinez, SVP Finance, appointed Interim CFO effective Aug 1, 2024; 20-year Flex veteran.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Jaime Martinez

Chief Financial Officer

FLEX · FLEX LTD.

Effective: 2024-08-01
Filed: July 24, 2024, 7:59 PM ET

Jaime Martinez, Senior Vice President, Finance, Flex Reliability Solutions, will serve as the Company’s Interim Chief Financial Officer, effective August 1, 2024

Departed

Paul R. Lundstrom

Chief Financial Officer

FLEX · FLEX LTD.

Effective: 2024-07-31
Successor: Jaime Martinez
Filed: July 24, 2024, 7:59 PM ET

On July 19, 2024, Mr. Paul R. Lundstrom, Chief Financial Officer of Flex, notified the Company that he is resigning to pursue another career opportunity, effective July 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jaime Martinez was appointed as Chief Financial Officer at FLEX LTD..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Jaime Martinez, Senior Vice President, Finance, Flex Reliability Solutions, will serve as the Company’s Interim Chief Financial Officer, effective August 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul R. Lundstrom resigned as Chief Financial Officer at FLEX LTD..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On July 19, 2024, Mr. Paul R. Lundstrom, Chief Financial Officer of Flex, notified the Company that he is resigning to pursue another career opportunity, effective July 31, 2024.

View on SEC.gov

FLEX LTD. filing history →

Source: SEC EDGAR

accession 0000866374-24-000031

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