Zacks Investment Research has recently initiated coverage of Omega Flex, Inc. (OFLX) , a key player in the flexible metal hose manufacturing industry. The firm has assigned a "Neutral" rating to the stock, reflecting a balanced outlook based on its comprehensive analysis of the company’s prospects and challenges in the evolving construction and infrastructure sectors. Omega Flex, headquartered in Pennsylvania, stands poised to benefit from the burgeoning global construction market, driven by increasing urba ...

业绩总结 - Flex的FY24财报显示，营收为619亿美元，较上一年度下降[8] - 调整后的毛利润为532亿美元，毛利率为8.6%，较上一年度增长[8] - 调整后的每股收益为0.57美元，较上一年度增长[8] - Flex的Reliability和Agility业务部门在Q4FY24表现强劲，营收分别为29亿美元和32亿美元[10] - Flex的FY24财报显示，总营收为264亿美元，较上一年度下降[12] - Flex的Reliability业务部门营收为125亿美元，较上一年度下降[12] - Flex的Agility业务部门营收为139亿美元，较上一年度下降[12] - 公司的非GAAP毛利为532百万美元，占营收的8.6%[27] - 非GAAP营业收入为333百万美元，占营收的2.6%[28] - 非GAAP持续经营活动净收入为244百万美元，每股收益为0.57美元[30] 未来展望 - Flex预计FY25财年Reliability业务营收将保持低个位数下滑至低个位数增长[19] - Flex预计FY25财年Agility业务营收将保持平稳至中个位数下滑[19] - Flex预计FY25财年总营收将达254-264亿美元[22]

财务数据和关键指标变化 - 2024财年全年收入为264亿美元,同比下降7% [11] - 2024财年全年毛利为21亿美元,毛利率为7.8%,同比提升70个基点 [11] - 2024财年全年营业利润为13亿美元,创历史新高,营业利润率为4.8% [11] - 2024财年全年每股收益为2.15美元,同比增长11% [11] 各条业务线数据和关键指标变化 - Reliability Solutions业务2024财年全年收入为125亿美元,同比增长6%,毛利率为5.3%创历史新高 [12] - Agility Solutions业务2024财年全年收入为139亿美元,毛利率为4.8%创历史新高 [13] 各个市场数据和关键指标变化 - 汽车业务2024财年全年收入增长6%,主要得益于新项目和内容增长 [12] - 医疗设备业务2024财年全年收入增长3%,但受到医疗行业资本支出放缓的影响 [12] - 工业业务2024财年全年收入下降8%,数据中心电源需求强劲但工业资本支出和住宅太阳能普遍疲软 [12] - 消费电子业务2024财年全年收入下降24%,反映了消费终端市场疲软 [14] - 生活方式业务2024财年全年收入下降17%,也反映了耐用品消费支出趋弱 [14] 公司战略和发展方向及行业竞争 - 公司专注于大型多元化市场,拥有足够的增长空间,并利用自身的制造能力、跨行业专业知识以及产品和服务组合来实现差异化 [22][23][30][31] - 公司正在向更高价值的服务和产品转型,包括垂直整合能力和增值服务,以提高利润率 [32][33] - 公司正在投资自动化和全球网络集成制造,以提高敏捷性和效率,为未来做好准备 [33] - 公司正在大力投资电源和计算技术,以满足云计算和汽车行业不断增长的需求 [34][35][36] 管理层对经营环境和未来前景的评论 - 尽管2024财年收入同比下降,但公司仍能实现强劲的利润率扩张和每股收益增长,体现了公司在动态环境中的有效执行能力 [18] - 公司看好未来几年云计算、下一代移动和医疗设备等领域的长期增长机会 [24][25][26] - 公司相信自身的差异化能力、全球制造网络和财务韧性,将推动未来5年内收入和利润的持续增长 [37][98][99] 问答环节重要的提问和回答 问题1 **Steven Fox 提问** 公司到目前为止在吸引数据中心机架项目的垂直解决方案和售后服务方面有多成功?未来如何进一步提高这一附加率? [102] **Michael Hartung 回答** 公司在云业务中的垂直整合和售后服务业务都实现了两位数的增长。我们的策略是尽可能在每个机会中集成更多服务,这有助于提高客户粘性、市场份额和利润率。我们的云专用工厂利用定制的先进制造、自动化和测试解决方案,优化整个数据中心机架制造流程。我们还提供包括维修、翻新和回收在内的循环经济解决方案,帮助客户实现可持续发展目标。[103][104][105][106] 问题2 **Samik Chatterjee 提问** 未来5年内,公司在汽车和云计算业务的88亿美元收入增长,其利润率情况如何?这些业务的利润率有何机会进一步提升? [109] **Revathi Advaithi 回答** 这两个业务的利润率都高于公司平均水平,主要得益于我们在电源和计算技术方面的专业优势。我们能够为客户提供更复杂的垂直整合解决方案,这使得我们能够获得更高的溢价。随着这些领域技术的不断发展,我们有信心这些业务的利润率将保持可持续的高水平。[110][111][112] 问题3 **Mark Delaney 提问** 云计算业务目前规模约30亿美元,其利润率如何?未来几年这一利润率会有何变化? [113] **Revathi Advaithi 和 Michael Hartung 回答** 云计算业务的利润率明显高于公司平均水平,主要得益于我们在增值服务方面的高渗透率,以及自主研发的嵌入式电源和关键电源产品。我们相信,随着云计算对电力密集型需求的不断增加,这些高毛利产品和服务的占比将进一步提高,利润率有望持续改善。[113][114][115][116]

Flex Ltd (FLEX) reported fourth-quarter fiscal 2024 adjusted earnings of 57 cents per share, beating the Zacks Consensus Estimate by 3.6%. The bottom line grew 29.5% year over year. Revenues (excluding Nextracker) decreased 11.7% year over year to $6.2 billion. However, it beat the consensus mark by 1.1%. Weakness across the Agility and Reliability Solutions segments led to the top-line contraction. Net sales in fiscal 2024 totaled $26.4 billion (excluding Nextracker), down 7% year over year. Post the spin- ...

Flex (FLEX) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 3.64%. A quarter ago, it was expected that this electronics designer and manufacturer would post earnings of $0.62 per share when it actually produced earnings of $0.71, delivering a surprise of 14.52%. Over the last four q ...

P R E S S R E L E A S E EXHIBIT 99.1 FLEX REPORTS FOURTH QUARTER AND FISCAL 2024 RESULTS AND HOSTS INVESTOR AND ANALYST DAY Austin, Texas, May 1, 2024 – Flex (NASDAQ: FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Highlights: • Net Sales: $6.2 billion • GAAP Operating Income: $159 million • Adjusted Operating Income: $333 million • GAAP Net Income from continuing operations: $395 million • Adjusted Net Income from continuing operati ...

AUSTIN, Texas, May 1, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced today that consistent with its succession plan, Michael D. Capellas, non-executive Chair of the Board of Directors of Flex, has informed the Board of his decision not to stand for re-election to the Board at the company's 2024 Annual General Meeting of shareholders to be held on August 8, 2024. Mr. Capellas has served on the company's board for 10 years, including as Chair since 2017, during which time he played a key role in building ...

AUSTIN, Texas, May 1, 2024 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Highlights: Net Sales: $6.2 billion GAAP Operating Income: $159 million Adjusted Operating Income: $333 million GAAP Net Income from continuing operations: $395 million Adjusted Net Income from continuing operations: $244 million GAAP Earnings Per Share from continuing operations: $0.93 Adjusted Earnings Per Share from continuing ...

Flex财报预测 - Flex (FLEX) 预计在2024年3月报告的季度中，盈利将同比下降，收入也将减少[1] - 预计2024年5月1日发布的财报可能会使股价上涨，如果关键数字好于预期[2] - 分析师最近对Flex的盈利前景变得乐观，显示出+1.36%的盈利预期[12] - Flex在过去四个季度中四次击败了一致的盈利预期[14]

Flex 公司盈利情况 - Flex 属于 Zacks 电子 - 杂项产品行业，过去两个季度一直超过盈利预期[1] - 在最近的季度，Flex 预期每股盈利为 $0.62，实际报告为 $0.71，超出预期 14.52%[3] - 分析师最近对 Flex 的盈利前景变得乐观，预期下一个财报可能再次超出预期[8] - 公司的下一个财报预计将于 2024 年 5 月 1 日发布[8]