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Flextronics International Ltd. Earnings Calls

Q1 2025 (Upcoming)
Release date May 07, 2025
EPS estimate $0.690
EPS actual -
Revenue estimate 6.217B
Revenue actual -
Expected change +/- 4.72%
Q4 2024 Beat
$0.770 (20.31%)
Release date Jan 29, 2025
EPS estimate $0.640
EPS actual $0.770
EPS Surprise 20.31%
Revenue estimate 6.147B
Revenue actual 6.556B
Revenue Surprise 6.65%
Q3 2024 Beat
$0.640 (14.29%)
Release date Oct 30, 2024
EPS estimate $0.560
EPS actual $0.640
EPS Surprise 14.29%
Revenue estimate 6.529B
Revenue actual 6.545B
Revenue Surprise 0.252%
Q2 2024 Beat
$0.510 (23.88%)
Release date Jul 24, 2024
EPS estimate $0.412
EPS actual $0.510
EPS Surprise 23.88%
Revenue estimate 5.904B
Revenue actual 4.665B
Revenue Surprise -20.98%

Last 4 Quarters for Flextronics International Ltd.

Below you can see how FLEX performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q2 2024 Beat
Release date Jul 24, 2024
Fiscal end date Jun 28, 2024
Price on release $31.76
EPS estimate $0.412
EPS actual $0.510
EPS surprise 23.88%
Date Price
Jul 18, 2024 $29.22
Jul 19, 2024 $29.04
Jul 22, 2024 $29.48
Jul 23, 2024 $29.72
Jul 24, 2024 $31.76
Jul 25, 2024 $30.94
Jul 26, 2024 $32.01
Jul 29, 2024 $31.81
Jul 30, 2024 $31.24
4 days before 8.69%
4 days after -1.64%
On release day -2.58%
Change in period 6.91%
Q3 2024 Beat
Release date Oct 30, 2024
Fiscal end date Sep 27, 2024
Price on release $35.78
EPS estimate $0.560
EPS actual $0.640
EPS surprise 14.29%
Date Price
Oct 24, 2024 $34.99
Oct 25, 2024 $35.21
Oct 28, 2024 $35.25
Oct 29, 2024 $34.67
Oct 30, 2024 $35.78
Oct 31, 2024 $34.67
Nov 01, 2024 $35.48
Nov 04, 2024 $35.20
Nov 05, 2024 $36.39
4 days before 2.26%
4 days after 1.70%
On release day -3.10%
Change in period 4.00%
Q4 2024 Beat
Release date Jan 29, 2025
Fiscal end date Dec 31, 2024
Price on release $41.51
EPS estimate $0.640
EPS actual $0.770
EPS surprise 20.31%
Date Price
Jan 23, 2025 $43.85
Jan 24, 2025 $44.27
Jan 27, 2025 $38.85
Jan 28, 2025 $40.59
Jan 29, 2025 $41.51
Jan 30, 2025 $42.08
Jan 31, 2025 $41.65
Feb 03, 2025 $40.50
Feb 04, 2025 $41.92
4 days before -5.34%
4 days after 0.99%
On release day 1.37%
Change in period -4.40%
Q1 2025 (Upcoming)
Release date May 07, 2025
Fiscal end date Mar 30, 2025
Price on release -
EPS estimate $0.690
EPS actual -
Date Price
Apr 10, 2025 $29.42
Apr 11, 2025 $29.59
Apr 14, 2025 $30.65
Apr 15, 2025 $31.37
Apr 16, 2025 $30.93

Flextronics International Ltd. Earnings Call Transcript Summary of Q4 2024

Gross Profit

Increased to $532 million with a gross margin of 8.6%, improving by 160 basis points year-over-year.

Operating Margin

Reached a record 5.4%, up 120 basis points from the previous year.

Adjusted EPS

$0.57, a 30% increase year-over-year. GAAP EPS was reported at $0.93, benefiting from a non-cash tax gain.

Fiscal Year 2024 Earnings

Total revenue totaled $26.4 billion, a 7% decline from the prior year, but gross profit was $2.1 billion, and EPS was $2.15, an 11% increase year-over-year.

Segment Performance

  • Reliability Segment: Revenue of $2.9 billion, driven by strong demand in cloud and automotive sectors. Operating income improved to $171 million.
  • Agility Segment: Revenue reached $3.2 billion, with a 6% increase in operating income driven by AI demands in cloud computing.

Business Strategy and Future Outlook

  • Focus on Margins and Growth: Flex aims to continue capitalizing on trends in AI-driven cloud demands, automotive electrification, and integrated manufacturing.
  • Projected Revenue Growth in Cloud and Automotive: Expected to account for 40% of total revenue by fiscal year 2029.
  • Automotive: Expected growth rates of high single to low double digits compounded annually.
  • Financial Guidance for FY2025: Revenue expected to be flat to down 3% year-over-year with adjusted EPS projected between $2.30 and $2.50.

Cash Flow and Shareholder Returns

  • Free Cash Flow: Total of $821 million for fiscal year 2024, exceeding the target of $600 million.
  • Share Repurchases: The company returned $1.3 billion to shareholders, the highest annual figure, with ongoing buybacks expected to continue.

Operational Efficiency

Flex noted improvements in inventory and cash flow management, targeting ongoing reductions and optimized operational efficiency.

Succession and Leadership Changes

Michael Capellas, Chairman of the Board, will not seek re-election; succeeded by Bill Watkins, ensuring continuity in leadership.

Closing Remarks

The leadership expressed confidence in Flex's resilience and ability to navigate macroeconomic challenges, underscoring a commitment to long-term growth, margin enhancement, and creating shareholder value through a differentiated service offering in both cloud and automotive markets.

Investor Takeaway

Investors should note Flex's solid performance metrics despite a challenging revenue environment, strong margin growth, ongoing commitment to shareholder returns, and a strategically focused growth outlook, particularly within the cloud and automotive segments.

Flextronics International Ltd. Earnings History

Earnings Calendar

FAQ

When is the earnings report for FLEX?
Flextronics International Ltd. (FLEX) has scheduled its earnings report for May 07, 2025 before the markets open.

What is the FLEX price-to-earnings (P/E) ratio?
FLEX P/E ratio as of Apr 16, 2025 (TTM) is 12.17.

What is the FLEX EPS forecast?
The forecasted EPS (Earnings Per Share) for Flextronics International Ltd. (FLEX) for the first fiscal quarter 2025 is $0.690.

What are Flextronics International Ltd.'s retained earnings?
On its balance sheet, Flextronics International Ltd. reported retained earnings of $6.56 billion for the latest quarter ending Dec 31, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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