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Mar 31, 2024
Flex Q4 2024 Earnings Report
Announced fourth quarter and fiscal year 2024 results.
Key Takeaways
Flex delivered a solid performance in Q4 and fiscal year 2024, highlighted by strong margin expansion and EPS growth. Net sales reached $6.2 billion, with GAAP EPS at $0.93 and adjusted EPS at $0.57.
Net sales were $6.2 billion.
GAAP operating income was $159 million.
GAAP net income from continuing operations was $395 million.
GAAP earnings per share from continuing operations was $0.93.
Forward Guidance
Flex provided guidance for the first quarter of fiscal year 2025, expecting revenue between $5.6 billion and $6.2 billion, GAAP EPS between $0.11 and $0.19, and adjusted EPS between $0.37 and $0.45. For fiscal year 2025, revenue is projected to be between $25.4 billion and $26.4 billion, with GAAP EPS between $1.61 and $1.81, and adjusted EPS between $2.30 and $2.50.
Positive Outlook
- Revenue: $5.6 billion to $6.2 billion
- GAAP Operating Income: $130 million to $170 million
- Adjusted Operating Income: $240 million to $280 million
- GAAP EPS: $0.11 to $0.19
- Adjusted EPS: $0.37 to $0.45
Challenges Ahead
- Restructuring charges impact of $0.16 on EPS
- Stock-based compensation expense impact of $0.07 on EPS
- Net intangible amortization impact of $0.03 on EPS
- Stock-based compensation expense impact of $0.31 on FY EPS
Historical Earnings Impact
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Avg. Return Before/After Earnings
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