Flex Ltd. is a global manufacturing solutions provider in designing, building, delivering, and managing innovative products across various industries with a focus on sustainability and advanced technological integration.

# Company Summary - Flex Ltd.

**Overview:**  
Flex Ltd. is a global leader in end-to-end manufacturing solutions, specializing in designing, building, delivering, and managing innovative products across multiple industries. The company leverages its extensive global workforce and responsible, sustainable operations across approximately 30 countries to provide comprehensive technology and supply chain services, including design, engineering, manufacturing, post-production, and proprietary products.

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## Business Segments and End Markets:

### 1. **Flex Agility Solutions (FAS):**  
- **Focus:** High-speed, flexible manufacturing for faster time-to-market.  
- **End Markets:**  
  - *Communications, Enterprise, and Cloud (CEC):* Data centers, edge computing, communications infrastructure.  
  - *Lifestyle:* Appliances, smart living devices, HVAC, power tools.  
  - *Consumer Devices:* Mobile devices and high-velocity consumer products.

### 2. **Flex Reliability Solutions (FRS):**  
- **Focus:** Solutions requiring longer product lifecycles, complex ramp-ups, and critical environments.  
- **End Markets:**  
  - *Industrial:* Industrial devices, capital equipment, renewable energy, critical and embedded power.  
  - *Automotive:* Compute platforms, power electronics, motion control, interfaces.  
  - *Health Solutions:* Medical devices, equipment, drug delivery systems.

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## Strategic Evolution (2025):  
- Introduced an EMS + Products + Services hybrid model to enhance core manufacturing and expand proprietary and value-added services.  
- Completed acquisitions to expand capabilities in critical data center cooling (JetCool), critical power systems (Crown), and grid modernization.  
- Spin-off of **Nextracker** (specializing in solar tracking and energy solutions) completed on January 2, 2024, which now operates as a separate, fully independent public company.

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## Key Financials (Fiscal Year ending March 31, 2025):  
- **Revenue:** Approximately **$25.8 billion**, down 2% from the previous year.  
- **Net Income from Continuing Operations:** **$838 million**, a 4% decrease from fiscal year 2024.  
- **Gross Profit:** **$2.2 billion**, representing an 16% increase and a gross margin of 8.4%.  
- **Employees:** About **147,979** worldwide, with roughly 59,786 in the Americas, 59,754 in Asia, and 28,439 in Europe.  
- **Market Capitalization (as of September 27, 2024):** Approximately **$13.1 billion** of market value held by non-affiliates.

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## Customer Base:  
- The ten largest customers account for roughly **44%** of net sales.  
- No single customer exceeds 10% of total sales, indicating a diversified customer base across various industries.

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## Operations:
- Maintains around **100 locations** across four continents, with a global manufacturing capacity of approximately **27 million square feet**.
- Focus on establishing long-term relationships, leveraging global scale, regional presence, and industry-specific expertise.
- Focus on innovation, automation, AI, and sustainability to enhance productivity and efficiency.

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## Additional Details:
- Revenue is derived from diverse industries such as data centers, communications, enterprise, consumer electronics, automotive, industrial, healthcare, and power.
- The company's strategy incorporates rapid responsiveness, global sourcing, regional manufacturing adaptation, and responsible operations centered on sustainability.

Flex Ltd. is a leading global provider of advanced manufacturing solutions, specializing in innovative product design, engineering, and delivery for market-leading brands across various industries.

# Flex Ltd. Company Summary

## Overview
Flex Ltd. is a leading global provider of advanced manufacturing solutions, specializing in designing, building, delivering, and managing innovative products for market-leading brands across various industries. The company operates in approximately 30 countries, leveraging a diverse, responsible, and sustainable workforce to support its customers through the entire product lifecycle.

## Business Segments
Flex organizes its operations into two primary segments:

### 1. Flex Agility Solutions (FAS)
- **End Markets**: Communications, Enterprise and Cloud (CEC), Lifestyle, and Consumer Devices.
- **Service Focus**: Speed to market and flexibility with extensive capabilities in design engineering, manufacturing, and supply chain services.

### 2. Flex Reliability Solutions (FRS)
- **End Markets**: Automotive, Health Solutions, and Industrial.
- **Service Focus**: Focus on complex product lifecycles, critical production environments, and specialized manufacturing needs.

## Financial Performance
- **Revenue**: As of the fiscal year ending March 31, 2024, Flex reported revenues of **$26.4 billion**, experiencing a **7% decrease** from the prior year.
- **Net Income**: The company achieved a net income of **$1.006 billion** for the same period, which is an increase of **28%** compared to the previous year.
- **Gross Profit**: The gross profit for fiscal year 2024 was **$1.9 billion**, representing **7.1%** of net sales.

## Customer Base
- **Top Customers**: Flex’s ten largest customers accounted for approximately **37%** of net sales in fiscal year 2024. 
- **Customer Diversification**: No single customer exceeded **10%** of net sales, showcasing a diverse customer portfolio.
- **Target Industries**: Flex partners with customers in industries such as cloud computing, automotive, healthcare, industrial devices, and consumer electronics.

## Workforce
- **Employees**: As of March 31, 2024, Flex employs approximately **148,000** employees globally.
- **Locations**: Flex has **around 100 facilities** across key regions: Asia, the Americas, and Europe, enabling the company to meet global customer demands effectively.

## Strategic Initiatives
- Flex focuses on investing in innovative design and engineering capabilities, as well as advanced manufacturing processes.
- The company places a strong emphasis on sustainability, aiming to reach **net zero greenhouse gas emissions by 2040** while improving operational efficiency and employee engagement.
- Flex actively evaluates its capital structure to optimize its financial flexibility and growth potential.

## Recent Developments
- In January 2024, Flex completed the **spin-off of Nextracker**, its former subsidiary, which led to it becoming a fully independent public company. This move was aimed at streamlining operations and focusing on core manufacturing capabilities.
- The company remains committed to enhancing its service offerings and maintaining competitive advantages in an evolving market characterized by rapid technological advancements and sustainability demands.

## Summary
Flex Ltd. is positioned as a pivotal player in the advanced manufacturing sector, backed by a robust operational framework, a diverse customer base, and a significant focus on sustainable practices. With strong financial metrics and a commitment to innovation, Flex is well-equipped to capitalize on market opportunities and drive long-term growth.

FLEX LTD.

10-K / May 21, 2025

10-K / May 17, 2024

10-K / May 21, 2025

Company Summary - Flex Ltd.

Business Segments and End Markets:

1. Flex Agility Solutions (FAS):

2. Flex Reliability Solutions (FRS):

Strategic Evolution (2025):

Key Financials (Fiscal Year ending March 31, 2025):

Customer Base:

Operations:

Additional Details: