Flex Ltd. Provides Earnings Guidance for Fourth Quarter and Fiscal Year 2024
January 31, 2024 at 04:11 pm EST
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Flex Ltd. provided earnings guidance for fourth quarter and fiscal year 2024. For the quarter, company expects revenue to be in the range of $5,800 million to $6,400 million. GAAP Operating Income to be in the range of $252 million to $302 million. GAAP EPS to be in the range of $0.38 to $0.48.
For Fiscal Year 2024 Guidance Updated - Total Flex, the company expects revenue to be in the range of $27,700 million to $28,300 million. GAAP EPS to be in the range of $1.77 to $1.87. Fiscal Year 2024 Guidance ? Core Flex, Revenue to be in the range of $26,000 million to $26,600 million. GAAP EPS to be in the range of $1.42 to $1.52.
Flex Ltd. is engaged in providing a portfolio of manufacturing solutions and services. The Company operates through three segments: Flex Agility Solutions (FAS), and Flex Reliability Solutions (FRS). The FAS segment is comprised of various end markets, such as Communications, Enterprise, and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure; Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio; and Consumer Devices, including mobile and high velocity consumer devices. The FRS segment consists of end markets, such as Automotive, including mobility, autonomous, connectivity, electrification, and smart technologies; Health Solutions, including medical devices, medical equipment, and drug delivery; and Industrial, including capital equipment, industrial devices, and renewables and grid edge.