Flex Reports Third Quarter Fiscal Year 2025 Financial Results: Net Sales Reach $6.6 Billion
Austin, Texas, January 29, 2025 – Flex (NASDAQ: FLEX), a leading technology solutions company, has announced its financial results for the third quarter ended December 31, 2024. The company posted impressive numbers, demonstrating its continued growth and profitability.
Financial Highlights
Flex reported net sales of $6.6 billion for the third quarter, marking a notable increase from the previous quarter’s $6.1 billion. The company’s GAAP operating income stood at $334 million, while adjusted operating income reached $399 million. GAAP net income attributable to Flex Ltd was reported as $263 million, and adjusted net income attributable to Flex Ltd reached $304 million.
GAAP versus Adjusted Measures
It is important to note that Flex provides both GAAP (Generally Accepted Accounting Principles) and adjusted financial measures. The adjusted figures exclude certain items, such as restructuring charges, acquisition-related costs, and other items, which management believes are not representative of the company’s ongoing business performance. A reconciliation of these non-GAAP financial measures to the GAAP financial measures can be found in Schedules II and V attached to this press release.
Impact on Shareholders
Flex’s strong financial performance translated into earnings for its shareholders. GAAP earnings per share came in at $0.67, while adjusted earnings per share reached $0.77.
Impact on the World
Flex’s results reflect the broader trends in the technology industry, which continues to grow and evolve at a rapid pace. The company’s success is a testament to its ability to adapt and innovate, meeting the demands of its customers and stakeholders. The technology solutions provided by Flex are integral to a wide range of industries, from consumer electronics to industrial automation and infrastructure.
Global Economic Implications
More broadly, Flex’s financial results have implications for the global economy. The technology sector is a major driver of economic growth, and the continued success of companies like Flex bodes well for the future. The strong financial performance of technology companies can lead to increased investment, job creation, and innovation, contributing to overall economic prosperity.
Conclusion
In conclusion, Flex’s third quarter fiscal year 2025 financial results demonstrate the company’s continued growth and profitability. With net sales of $6.6 billion, strong operating income, and impressive earnings per share, Flex is well positioned to continue driving innovation and growth in the technology industry. The company’s success also has positive implications for the global economy, as the technology sector remains a major driver of economic growth and prosperity.
- Flex reports third quarter fiscal year 2025 financial results
- Net sales reach $6.6 billion
- GAAP and adjusted financial measures provided
- Strong earnings per share
- Implications for the technology industry and global economy
