FLEX - Public offerings

AUSTIN, Texas, Dec. 18, 2023 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced that it has declared December 29, 2023 as the record date for its previously announced spin-off of all of its remaining interest in Nextracker Inc. ("Nextracker") to Flex shareholders on a pro rata basis and January 2, 2024 as the distribution date for the spin-off.  The spin-off will be effected pursuant to a distribution of shares of the common stock of Yuma Inc., a wholly-owned subsidiary of Flex ("Yuma"), to the holders of Flex ordinary shares, with each Flex shareholder as of the record date r

SAN JOSE, Calif., May 10, 2023 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2023. Fourth Quarter Fiscal Year 2023 Highlights: Net Sales: $7.5 billionGAAP Operating Income: $266 millionAdjusted Operating Income: $364 millionGAAP Net Income attributable to Flex Ltd.: $142 millionAdjusted Net Income attributable to Flex Ltd.: $261 millionGAAP Earnings Per Share: $0.31Adjusted Earnings Per Share: $0.57 which includes $0.03 impact of noncontrolling interest expense from the Nextracker IPOFiscal Year 2023 Results of Operations: Net Sales: $30.3 billionGAAP Operating Income: $1,184 millionAdjusted Operating Income: $1,442 millionG

SAN JOSE, Calif., Feb. 9, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ:FLEX) announced today that in connection with its previously announced upsized initial public offering of its subsidiary, Nextracker Inc. ("Nextracker") of 26,600,000 shares of its Class A common stock (the "Common Stock"), the underwriters have exercised in full their option to purchase 3,990,000 additional shares of Common Stock at the public offering price of $24.00 per share less underwriting discounts and commissions. The net proceeds from the offering to Nextracker, after deducting the underwriting discounts and commissions and including proceeds from the underwriters' exercise of the overallotment option, are expected to

SAN JOSE, Calif., Feb. 8, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ:FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), priced its upsized initial public offering of 26,600,000 shares of its Class A common stock ("Common Stock") at an initial public offering price of $24.00 per share. The Common Stock is expected to begin trading on the Nasdaq Global Select Market under the ticker symbol "NXT" on February 9, 2023 and the offering is expected to close on February 13, 2023, subject to customary closing conditions. In addition, Nextracker has granted the underwriters a 30-day option to purchase up to an additional 3,990,000 shares of Common Stock at the initial public offeri

SAN JOSE, Calif., Feb. 1, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ:FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), has launched the roadshow for its initial public offering of 23,255,814 shares of its Class A common stock ("Common Stock"). The underwriters of the offering will also have a 30-day option to purchase from Nextracker up to 3,488,372 additional shares of Common Stock. The initial public offering price is expected to be between $20.00 and $23.00 per share. Nextracker has applied to list its Common Stock on the Nasdaq Global Select Market under the ticker symbol "NXT." J.P. Morgan, BofA Securities, Citigroup, and Barclays are acting as joint lead book-runni

SAN JOSE, Calif., Jan. 25, 2023 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its third quarter ended December 31, 2022. Third Quarter Fiscal Year 2023 Highlights: Net Sales: $7.8 billionGAAP Operating Income: $321 millionAdjusted Operating Income: $372 millionGAAP Net Income Attributable to Flex Ltd.: $230 millionAdjusted Net Income: $285 millionGAAP Earnings Per Share: $0.50Adjusted Earnings Per Share: $0.62An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "We achieved another strong quarter through the focused efforts of the team, and strong execution against healt

Nextracker intends to list its common stock on Nasdaq under the ticker symbol "NXT" SAN JOSE, Calif., Jan. 13, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ:FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of Nextracker's Class A common stock ("Common Stock"). In connection with the proposed offering, Nextracker intends to list its Common Stock on the Nasdaq Global Select Market under the ticker symbol "NXT." The timing, number of shares of Common Stock to be offered and the price range for the proposed of

SAN JOSE, Calif., Oct. 26, 2022 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its second quarter ended September 30, 2022. Second Quarter Fiscal Year 2023 Highlights: Net Sales: $7.8 billionGAAP Operating Income: $325 millionAdjusted Operating Income: $375 millionGAAP Net Income Attributable to Flex Ltd.: $232 millionAdjusted Net Income: $289 millionGAAP Earnings Per Share: $0.50Adjusted Earnings Per Share: $0.63An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "The Flex team delivered solid results, highlighted by strong growth from our diverse customer portfolio and

SAN JOSE, Calif., July 27, 2022 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its first quarter ended July 1, 2022. First Quarter Fiscal Year 2023 Highlights: Net Sales: $7.3 billionGAAP Operating Income: $272 millionAdjusted Operating Income: $330 millionGAAP Net Income Attributable to Flex Ltd.: $189 millionAdjusted Net Income: $255 millionGAAP Earnings Per Share: $0.40Adjusted Earnings Per Share: $0.54An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "The Flex team reached another milestone this quarter, achieving record adjusted EPS as well as delivering strong gr

SAN JOSE, Calif., May 4, 2022 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2022. Fourth Quarter Fiscal Year 2022 Highlights: Net Sales: $6.9 billionGAAP Operating Income: $228 millionAdjusted Operating Income: $295 millionGAAP Net Income Attributable to Flex Ltd.: $168 millionAdjusted Net Income: $244 millionGAAP Earnings Per Share: $0.36Adjusted Earnings Per Share: $0.52Fiscal Year 2022 Results of Operations: Net Sales: $26.0 billionGAAP Operating Income: $972 millionAdjusted Operating Income: $1,169 millionGAAP Net Income attributable to Flex Ltd.: $936 millionAdjusted Net Income: $945 millionGAAP Earnings Per Share: $1.9

SAN JOSE, Calif., March 30, 2022 /PRNewswire/ -- Flex (NASDAQ:FLEX) reaffirms its financial guidance for the fiscal fourth quarter and fiscal year 2022, previously announced on January 26th, 2022, in conjunction with its virtual investor day, being held today at 1:30pm PT. Those wishing to participate should join the live webcast presentation, accessible on the Flex Investor Relations (IR) website located at investors.flex.com. What: 2022 Virtual Investor & Analyst DayWhen: Wednesday, March 30th, 2022, at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern TimeWhere: https://investors.flex.com/home/default.aspx Fourth Quarter Guidance For the fourth quarter of fiscal year 2022, the company continues

SAN JOSE, Calif., Feb. 2, 2022 /PRNewswire/ -- Flex (NASDAQ:FLEX) announced today that it has entered into an agreement to sell $500 million of convertible preferred equity in Nextracker to TPG Rise Climate, the dedicated climate investing strategy of TPG's global impact investing platform TPG Rise. Through this strategic partnership and investment from TPG Rise Climate, Nextracker will continue to expand its market leading position in solar tracking and software solutions. TPG's experience and extensive network in renewable energy provide Nextracker a strong partner to support long-term growth. "We are pleased to announce this exciting partnership today that furthers Nextracker's leadership

SAN JOSE, Calif., Jan. 26, 2022 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its third quarter ended December 31, 2021. Third Quarter Fiscal Year 2022 Highlights: Net Sales: $6.6 billion GAAP Operating Income: $251 million Adjusted Operating Income: $298 million GAAP Net Income: $227 million Adjusted Net Income: $238 million GAAP Earnings Per Share: $0.48 Adjusted Earnings Per Share: $0.50An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "I'm proud of the team's focus on delivering for our customers, as demand continues to outpace supply," said Revathi Advaithi, CEO

SAN JOSE, Calif., Oct. 27, 2021 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its second quarter ended October 1, 2021. Second Quarter Fiscal Year 2022 Highlights: Net Sales: $6.2 billion GAAP Operating Income: $237 million Adjusted Operating Income: $286 million GAAP Net Income: $336 million Adjusted Net Income: $233 million GAAP Earnings Per Share: $0.69 which includes $0.30 non-cash income related to a favorable operational tax ruling Adjusted Earnings Per Share: $0.48An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "Our fiscal second quarter was another strong r

SAN JOSE, Calif., May 5, 2021 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2021. Fourth Quarter Fiscal Year 2021 Highlights: Net Sales: $6.3 billion GAAP Income Before Income Taxes: $260 million Adjusted Operating Income: $310 million GAAP Net Income: $240 million Adjusted Net Income: $248 million GAAP Earnings Per Share: $0.47 Adjusted Earnings Per Share: $0.49Fiscal Year 2021 Results of Operations: Net Sales: $24.1 billion GAAP Income Before Income Taxes: $714 million Adjusted Operating Income: $1.0 billion GAAP Net Income: $613 million Adjusted Net Income: $795 million GAAP Earnings Per Share: $1.21 Adjusted Earnings Per

SAN JOSE, Calif., April 28, 2021 /PRNewswire/ -- Nextracker Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its Class A common stock. The initial public offering and its timing are subject to market and other conditions and the SEC's review process. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations of offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amende

SAN JOSE, Calif., Jan. 28, 2021 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its third quarter ended December 31, 2020. Third Quarter Fiscal Year 2021 Highlights: Net Sales: $6.7 billion GAAP Income Before Income Taxes: $233 million Adjusted Operating Income: $311 million GAAP Net Income: $208 million Adjusted Net Income: $251 million GAAP Earnings Per Share: $0.41 Adjusted Earnings Per Share: $0.49 An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "Flex's strong third quarter performance exceeded our prior expectations, as robust demand across our portf