Flextronics International Ltd. Stock Earnings Reports
Flextronics International Ltd. Earnings Calls
Release date | May 07, 2025 |
EPS estimate | $0.690 |
EPS actual | - |
Revenue estimate | 6.217B |
Revenue actual | - |
Expected change | +/- 4.72% |
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% |
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% |
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.
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% |
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% |
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% |
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.