Highest-materiality recent filing
Flex Ltd. enters $1.45B senior term loan facility; proceeds to refinance acquisition debt
$1.45B senior term loan fully funded on May 29, 2026; matures Nov 29, 2027.
Flex reports Q4 adj EPS $0.93, rev $7.5B; to spin off cloud & power unit by Q1 2027
Q4 net sales $7.5B (+17% YoY); FY net sales $27.9B (+8% YoY).
Flex completes EP² acquisition, secures $1.45B delayed draw term loan
Completed acquisition of Electrical Power Products (EP²), a provider of engineered-to-order electrical power control systems.
Flex to acquire Electrical Power Products for ~$1.1B all-cash
All-cash transaction valued at ~$1.1B (~$1.0B after tax benefits).
Flex Q3 FY2026 results beat guidance; raises full-year outlook
Net sales $7.1B, up 8% YoY, exceeding guidance; GAAP EPS $0.64, adjusted EPS $0.87 (record).
Flex Q2 fiscal 2026: sales up 4% to $6.8B, adj EPS record $0.79, raises guidance
Net sales $6.8B (+4% YoY) at top of guidance; GAAP EPS $0.52 includes $0.11 from Ukraine missile strike.
Flex issues Amazon warrant for 3.86M shares at $51.29, vesting linked to commercial payments
Warrant to purchase up to 3,859,851 ordinary shares at $51.29 per share (30-day VWAP).
Flex Ltd. shareholders approve 20% share purchase mandate; board authorizes up to $1.7B buyback
Shareholders re-elected all nine director nominees and reappointed Deloitte & Touche as auditor.
Flex reports Q1 FY2026 net sales $6.6B, GAAP EPS $0.50, adjusted EPS $0.72
Net sales $6.6B; GAAP operating income $311M; adjusted operating income $395M.
Flex Ltd. enters new $2.75B revolving credit facility, replacing $2.5B facility due 2027
New $2.75B unsecured revolving credit facility matures July 15, 2030, replacing existing $2.5B facility due July 19, 2027.
Flex CEO Revathi Advaithi receives $25M performance equity award tied to data center growth
Grant date fair value at target of $25M in performance-based restricted share units (PSUs).
Flex Q4 FY2025 EPS $0.57 GAAP / $0.73 adjusted; net sales $6.4B
Q4 net sales $6.4B; GAAP operating income $305M; adjusted operating income $396M.
Flex Q3 FY2025: net sales $6.6B, adj. EPS $0.77
Net sales of $6.6 billion for the quarter ended December 31, 2024.
Flex appoints Kevin Krumm as CFO effective Jan 6, 2025; interim CFO Martinez steps down
Kevin Krumm named CFO effective Jan 6, 2025; succeeds interim CFO Jaime Martinez who will support transition.
Flex reports Q2 FY2025 net sales $6.5B, GAAP EPS $0.54, adjusted EPS $0.64
Net sales of $6.5 billion for the quarter ended September 27, 2024.
Flex acquires Crown Technical Systems for $325M all-cash; expected close Dec 2024
Purchase price $325M in cash; deal expected to be accretive in first year after close.
Flex Ltd. authorizes $1.7B share repurchase; directors re-elected
Board authorized up to $1.7 billion in open-market share repurchases under renewed mandate from shareholders.
Q1 net sales $6.3B; GAAP operating income $233M; adjusted operating income $306M.
Flex Q4 adj EPS $0.57, net sales $6.2B; restructuring $75-125M; Board Chair Capellas to step down
Q4 FY2024 GAAP EPS from cont ops $0.93, adjusted EPS $0.57; net sales $6.2B.
Flex reports Q3 FY2024 net sales $7.1B, adjusted EPS $0.71
Net sales of $7.1 billion for quarter ended December 31, 2023.
Flex distributed all 74,432,619 Nextracker Class A shares to shareholders on Jan 2, 2024.
High Court of Singapore approved capital reduction for distribution of Yuma shares to Flex shareholders.
Flex reports Q2 FY2024 EPS $0.68 adjusted; plans spin-off of remaining 51.47% Nextracker stake
Q2 net sales $7.5B; GAAP EPS $0.51, adjusted EPS $0.68.
Flex Ltd. shareholders approve $2B buyback, 16.3M share equity plan increase
Board authorized up to $2B share repurchase program after shareholder approval of purchase mandate for up to 20% of outstanding shares.
Flex reports Q1 FY2024 sales of $7.3B, GAAP EPS $0.41, adjusted EPS $0.57
Net sales $7.3B; GAAP operating income $291M; adjusted operating income $377M.
Nextracker overallotment exercised in full; Flex to receive ~$552M net proceeds
Underwriters purchased 1.65M additional Nextracker shares at $36.50/share via overallotment option.
Nextracker prices 16.5M-share offering at $36.50; closing July 3
Nextracker priced 14,210,511 new shares and 2,289,489 secondary shares at $36.50 per share.
Nextracker launches proposed offering of ~16.5M Class A shares; last price $38.63
Nextracker to offer 14,210,511 primary shares; selling stockholders offer 2,289,489 shares.
Flex reports Q4 FY2023: net sales $7.5B, adj EPS $0.57
Q4 net sales $7.5B; GAAP operating income $266M; GAAP EPS $0.31.
Flex files merger agreement for potential tax-free spin-off of Nextracker after $24 IPO
Nextracker IPO closed Feb 13: 30.59M Class A shares at $24.00; Flex holds 60.91% post-IPO.
Flex subsidiary Nextracker IPO over-allotment exercised; net proceeds ~$693.8M
Underwriters exercised full option for 3.99M additional shares at $24.00/share.
Flex subsidiary Nextracker prices upsized IPO of 26.6M shares at $24.00 per share
Nextracker IPO priced at $24.00 per share for 26,600,000 shares of Class A common stock.
Nextracker launches IPO roadshow at $20-$23/share; prelim nine-month revenue $1.38B (+36% YoY)
Nextracker expects nine-month revenue $1,383M vs $1,018M prior year; gross profit $196M vs $108M.
Flex Q3 FY2023 revenue $7.8B, GAAP EPS $0.50, adjusted EPS $0.62
Net sales of $7.8 billion for quarter ended Dec 31, 2022.
Flex issues $400M of 6.000% Notes due 2028; to redeem $500M 5.000% 2023 notes
Issued $400M aggregate principal of 6.000% Notes due 2028; closing expected Dec 7, 2022.
Flex redeems $500M of 5.000% Notes due 2023 on December 20, 2022
Notice of redemption for all outstanding $500M aggregate principal of 5.000% Notes due 2023.
Flex Q2 fiscal 2023: Net sales $7.8B, adjusted EPS $0.63
Net sales of $7.8 billion for Q2 ended Sept 30, 2022.
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.
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.
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, Senior Vice President, Finance, Flex Reliability Solutions, will serve as the Company’s Interim Chief Financial Officer, effective August 1, 2024
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.
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 .
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.
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.
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
Kwang Hooi Tan has been promoted to President, Global Operations and Components, effective April 1, 2022.
the Board of Directors approved the appointment of Daniel Wendler as Chief Accounting Officer of the Company, effective February 28, 2022.
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.
Max materiality 0.85 · Median 0.65 · Most common event other_material