FLEX LTD. incurred term loan of $1.45 billion with Citibank, N.A. at Term SOFR plus an applicable margin or Base Rate plus an applicable margin maturing November 29, 2027.
“On May 29, 2026 (the “Closing Date”), Flex Ltd. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent, which provides a senior term loan credit facility (the “Credit Facility”) in an aggregate amount of $1.45 billion.”
Material Agreements
FLEX LTD. entered into Credit Agreement with Citibank, N.A., as administrative agent valued at $1.45 billion (effective 2026-05-29).
“Flex Ltd. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent, which provides a senior term loan credit facility (the “Credit Facility”) in an aggregate amount of $1.45 billion.”
Earnings Releases
FLEX LTD. reported the fourth quarter and fiscal year ended March 31, 2026 results: revenue net sales of $7.5 billion in the quarter, net sales of $27.9 billion in the fiscal year, net income GAAP Net Income: $250 million in the quarter, GAAP Net Income: $880 million in the fiscal year, EPS GAAP Earnings Per Share: $0.67 in the quarter, GAAP Earnings Per Share: $2.33 in the fiscal year.
“language in such filing. --- EX-99.1 (EX-99.1) --- P R E S S R E L E A S E EXHIBIT 99.1 FLEX REPORTS FOURTH QUARTER AND FISCAL 2026 RESULTS • Reported Q4 net sales of $7.5 billion, and full-year net sales of $27.9 billion, up 17% and 8%, respectively, versus the prior year. • Delivered Q4 GAAP operating margin of 5.0%, and adjusted operating margin of”
Debt Financings
FLEX LTD. incurred credit facility of $1.45 billion with Citibank, N.A. at Term SOFR plus an applicable margin or Base Rate plus an applicable margin maturing 364 days after the date on which the term loans are first funded.
“On April 30, 2026 (the “Closing Date”), Flex Ltd. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent, which provides a senior delayed draw term loan credit facility (the “Credit Facility”) in an aggregate commitment amount of $1.45 billion.”
Material Agreements
FLEX LTD. entered into Credit Agreement with Citibank, N.A. valued at $1.45 billion (effective 2026-04-30).
“On April 30, 2026 (the “Closing Date”), Flex Ltd. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent, which provides a senior delayed draw term loan credit facility (the “Credit Facility”) in an aggregate commitment amount of $1.45 billion.”
Debt Financings
FLEX LTD. incurred revolving credit of $2.75 billion with Bank of America, N.A. at Term SOFR plus an applicable margin ranging between 1.00% and 1.750% per annum maturing July 15, 2030.
“On July 15, 2025 (the “Closing Date”), Flex Ltd. (the “Company”), as borrower, entered into a new $2.75 billion Credit Agreement (the “New Credit Facility”) with Bank of America, N.A., as Administrative Agent, L/C issuer and Swing Line Lender”
Jaime Martinez departed as Interim Chief Financial Officer at FLEX LTD..
“In connection with Mr. Krumm’s appointment, Jaime Martinez will cease to serve as the Company’s Interim Chief Financial Officer as of the Effective Date.”
Kevin S. Krumm was appointed as Chief Financial Officer at FLEX LTD..
“On November 22, 2024, Flex Ltd. (the “Company”) announced that, effective January 6, 2025 (the “Effective Date”), Kevin S. Krumm has been appointed Chief Financial Officer of the Company.”
Michael P. Hartung changed role as Chief Commercial Officer at FLEX LTD..
“Finally, on August 15, 2024, the Board, upon the Committee’s recommendation, approved the following compensation changes for Mr. Michael P. Hartung in connection with his promotion to the role of Chief Commercial Officer:”
Jaime Martinez was appointed as Chief Financial Officer at FLEX LTD..
“Jaime Martinez, Senior Vice President, Finance, Flex Reliability Solutions, will serve as the Company’s Interim Chief Financial Officer, effective August 1, 2024”
Paul R. Lundstrom resigned as Chief Financial Officer at FLEX LTD..
“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.”
Earnings Releases
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.
“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”
Restructurings & Charges
FLEX LTD. announced a restructuring with charges of $75 million to $125 million.
“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.”
William D. Watkins was appointed as Chair of the Board at FLEX LTD..
“William D. Watkins, a current independent director of the Board, has been appointed by the Board to serve as Chair of the Board effective upon the conclusion of the 2024 Annual General Meeting of shareholders, subject to his re-election to the Board at the meeting.”
Michael D. Capellas departed as Chair of the Board at FLEX LTD..
“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 .”
Earnings Releases
FLEX LTD. reported third quarter ended December 31, 2023 results: revenue 7.1 billion, net income 197 million, EPS 0.45.
“FLEX REPORTS THIRD QUARTER FISCAL 2024 RESULTS Austin, Texas, January 31, 2024 – Flex (NASDAQ: FLEX) today announced results for its third quarter ended December 31, 2023. Third Qu arter Fiscal Year 2024 Highlights: • Net Sales: $7.1 billion • G AAP Operating Income: $348 million • Adjusted Operating Income: $477 million • GAAP Net Income attributable to Flex Ltd: $197 million • Adjusted Net Income attributable to Flex Ltd: $309 million • GAAP Earnings Per Share: $0.45 • Adjusted Earnings Per Share: $0.71”
M&A Transactions
FLEX LTD. completed a disposition involving Nextracker Inc. (closed 2024-01-02).
“On January 2, 2024, Flex completed the previously announced distribution in specie of all of the shares of common stock, par value $0.001 per share (“Yuma Common Stock”), of Yuma to the shareholders of Flex”
Shareholder Votes
FLEX LTD. shareholders approved To approve the proposed court-approved capital reduction to be carried out by Flex pursuant to Section 78G of the Singapore Companies Act, in order to effect the distribution in specie of all of the shares of common stock, par value $0.01 per share, of Yuma, Inc. to Flex shareholders on a pro rata b at the 2023-11-20 meeting.
“The Company’s Inspector of Elections certified the following vote tabulations on the above special resolution from the Extraordinary General Meeting: For Against Abstain To approve the proposed court-approved capital reduction to be carried out by Flex pursuant to Section 78G of the Singapore Companies Act, in order to effect the distribution in specie of all of the shares of common stock, par value $0.01 per share, of Yuma, Inc. to Flex shareholders on a pro rata basis based on the number of Flex Ordinary Shares held by each Flex shareholder. 394,168,412 218,966 399,153”
Earnings Releases
FLEX LTD. reported second quarter ended September 29, 2023 results: revenue $7.5 billion, net income $228 million, EPS $0.51.
“Flex (NASDAQ: FLEX) today announced results for its second quarter ended September 29, 2023. Second Quarter Fiscal Year 2024 Highlights: • Net Sales: $7.5 billion • GAAP Operating Income: $376 million • Adjusted Operating Income: $439 million • GAAP Net Income attributable to Flex Ltd: $228 million • Adjusted Net Income attributable to Flex Ltd: $303 million • GAAP Earnings Per Share: $0.51 • Adjusted Earnings Per Share: $0.68”
Shareholder Votes
FLEX LTD. shareholders approved Renewal of the Share Purchase Mandate permitting the Company to purchase or otherwise acquire up to 20% of its own issued and outstanding Ordinary Shares as of the date of the Annual General Meeting at the 2023-08-02 meeting.
“The shareholders approved the renewal of the Company’s Share Purchase Mandate permitting the Company to purchase or otherwise acquire up to 20% of its own issued and outstanding Ordinary Shares as of the date of the Annual General Meeting.”
Shareholder Votes
FLEX LTD. shareholders approved General authorization for the Board of Directors to allot and issue Ordinary Shares at the 2023-08-02 meeting.
“The shareholders approved a general authorization for the Company’s Board of Directors to allot and issue Ordinary Shares.”
Shareholder Votes
FLEX LTD. shareholders approved Resolution to approve the amendment and restatement of the Flex Ltd. 2017 Equity Incentive Plan at the 2023-08-02 meeting.
“The shareholders approved the amendment and restatement of the Flex Ltd. 2017 Equity Incentive Plan.”
Shareholder Votes
FLEX LTD. shareholders approved Non-binding, advisory resolution relating to the frequency of the non-binding, advisory vote on the compensation of the Company's named executive officers (Every One Year) at the 2023-08-02 meeting.
“The shareholders approved, on a non-binding, advisory basis, “Every One Year” as their preferred frequency for holding future advisory votes on the compensation of the Company’s named executive officers.”
Shareholder Votes
FLEX LTD. shareholders approved Non-binding, advisory resolution relating to the compensation of the Company's named executive officers at the 2023-08-02 meeting.
“The shareholders approved, on a non-binding, advisory basis, the compensation of the Company’s named executive officers.”
Shareholder Votes
FLEX LTD. shareholders approved Re-appointment of Deloitte & Touche LLP as the Company's independent auditors for the 2024 fiscal year and to authorize the Board of Directors, upon the recommendation of the Audit Committee of the Board of Directors, to fix their remuneration at the 2023-08-02 meeting.
“Watkins 377,929,775 5,782,357 310,992 23,994,079 Broker For Against Abstain Non-Votes Re-appointment of Deloitte & Touche LLP 387,662,312 20,032,716 322,175 — as the Company's independent auditors for the 2024 fiscal year and to authorize the Board of Directors, upon the recommendation of the Audit Committee of the Board of Directors, to fix their remuneration Broker For Against Abstain Non-Votes Non-binding, advisory resolution relating to 371,039,221 8,111,433 4,872,470 23,994,079 the compensation of the Company's named executive officers 1 Year 2 Years 3 Years Abstain Non-binding, advisory resolution relating to the 373,864,751 121,931 9,722,524 313,918 frequency of the non-binding, advisory vote on the compensation of the Company’s named executive officers Based on the results of the vote on the proposal regarding the non-binding, advisory resolution relating to the frequency of the”
Shareholder Votes
FLEX LTD. shareholders approved Election of ten (10) nominees for director at the 2023-08-02 meeting.
“The shareholders re-elected the ten (10) nominees for director.”
Earnings Releases
FLEX LTD. reported its first quarter ended June 30, 2023 results: revenue $7.3 billion, net income $186 million, EPS $0.41.
“Austin, Texas, July 26, 2023 – Flex (NASDAQ: FLEX) today announced results for its first quarter ended June 30, 2023. First Quarter Fiscal Year 2024 Highlights: • Net Sales: $7.3 billion • GAAP Operating Income: $291 million • Adjusted Operating Income: $377 million • GAAP Net Income attributable to Flex Ltd: $186 million • Adjusted Net Income attributable to”
Earnings Releases
FLEX LTD. reported the fiscal year ended March 31, 2023 results: revenue $30.3 billion, net income $793 million, EPS $1.72.
“Fiscal Year 2023 Results of Operations: • Net Sales: $30.3 billion • GAAP Operating Income: $1,184 million • Adjusted Operating Income: $1,442 million • GAAP Net Income attributable to Flex Ltd.: $793 million • Adjusted Net Income attributable to Flex Ltd.: $1,090 million • GAAP Earnings Per Share: $1.72 • Adjusted Earnings Per Share: $2.36 which includes $0.03 impact of noncontrolling interest expense from the Nextracker IPO”
Earnings Releases
FLEX LTD. reported the fourth quarter ended March 31, 2023 results: revenue $7.5 billion, net income $142 million, EPS $0.31.
“Fourth Quarter Fiscal Year 2023 Highlights: • Net Sales: $7.5 billion • GAAP Operating Income: $266 million • Adjusted Operating Income: $364 million • GAAP Net Income attributable to Flex Ltd.: $142 million • Adjusted Net Income attributable to Flex Ltd.: $261 million • GAAP Earnings Per Share: $0.31 • Adjusted Earnings Per Share: $0.57 which includes $0.03 impact of noncontrolling interest expense from the Nextracker IPO”
Material Agreements
FLEX LTD. entered into Registration Rights Agreement with Yuma, Merger Sub, TPG Rise Flash, L.P. (effective 2023-02-13).
“On February 13, 2023, Nextracker entered into a registration rights agreement (the “ Registration Rights Agreement ”) with Yuma, Merger Sub, TPG Rise Flash, L.P. (together with their permitted transferees, the “ Selling Stockholders ”), pursuant to which Nextracker agreed to grant the Selling Stockholders certain registration rights with respect to Nextracker Common Stock owned by them (including upon exchange of certain common units of Nextracker LLC (the “ LLC Common Units ”) and shares of Class B common stock of Nextracker held by them).”
Material Agreements
FLEX LTD. entered into Agreement and Plan of Merger with Yuma, Inc., Nextracker, Yuma Acquisition Corp. (effective 2023-02-07).
“On February 7, 2023, Flex entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Yuma, Inc., an indirect wholly-owned subsidiary of Flex (“ Yuma ”), Nextracker, at such time a direct wholly-owned subsidiary of Yuma, and Yuma Acquisition Corp., a direct wholly-owned subsidiary of Nextracker (“ Merger Sub ”), in connection with the IPO.”
Earnings Releases
FLEX LTD. reported third quarter ended December 31, 2022 results: revenue $7.8 billion, net income $230 million, EPS $0.50.
“Third Quarter Fiscal Year 2023 Highlights: • Net Sales: $7.8 billion • GAAP Operating Income: $321 million • Adjusted Operating Income: $372 million • GAAP Net Income Attributable to Flex Ltd.: $230 million • Adjusted Net Income: $285 million • GAAP Earnings Per Share: $0.50 • Adjusted Earnings Per Share: $0.62”
Material Agreements
FLEX LTD. entered into Indenture dated as of June 6, 2019, as supplemented by Fifth Supplemental Indenture dated December 7, 2022 with U.S. Bank Trust Company, National Association valued at $400,000,000 (effective 2022-12-07).
“On December 7, 2022, Flex Ltd. (the “Company”) completed its sale of $400,000,000 aggregate principal amount of its 6.000% Notes due 2028 (the “Notes”). The offer and sale of the Notes was registered pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-256716), filed with the Securities and Exchange Commission (the “Commission”) on June 2, 2021. A prospectus supplement relating to the offer and sale of the Notes was filed with the Commission on December 1, 2022. The Notes were issued under an Indenture, dated as of June 6, 2019 (the “Base Indenture”) between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), as successor in interest to U.S. Bank National Association, as supplemented by the Fifth Supplemental Indenture, dated as of December 7, 2022 between the Company and the Trustee (the “Fifth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”).”
Maryrose T. Sylvester was appointed as Director at FLEX LTD..
“On September 23, 2022, the Board of Directors (the “Board”) of Flex Ltd. (the “Company”) appointed Maryrose T. Sylvester as a member of the Board and as a member of the Compensation and People Committee of the Board.”
Kwang Hooi Tan was appointed as President, Global Operations and Components at FLEX LTD..
“Kwang Hooi Tan has been promoted to President, Global Operations and Components, effective April 1, 2022.”
Francois Barbier departed as President, Global Operations and Components at FLEX LTD..
“Francois Barbier, President, Global Operations and Components, advised the Company of his intent to retire from his current position with the Company, effective March 31, 2022”
Daniel Wendler was appointed as Chief Accounting Officer at FLEX LTD..
“the Board of Directors approved the appointment of Daniel Wendler as Chief Accounting Officer of the Company, effective February 28, 2022.”
David Bennett resigned as Chief Accounting Officer at FLEX LTD..
“David Bennett who, on February 11, 2022, notified the Company of his decision to resign from his position as Chief Accounting Officer to become the Chief Financial Officer of Nextracker LLC, effective February 28, 2022.”
Patrick J. Ward was appointed as Director at FLEX LTD..
“On January 26, 2022, Patrick J. Ward was appointed to the Company’s Board of Directors and as a member of the Audit Committee.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.