Flex Ltd. Q1 FY2024 Earnings Call

Flex Ltd. (FLEX)

Earnings Call FY2024 Q1 Call date: 2023-07-26 Concluded

Quarter scorecard

Revenue

$6.89B

-1% YoY

Diluted EPS

$0.41

+2.5% YoY

Gross margin

6.9%

-0.1 pp YoY

Net income

$186.00M

-1.6% YoY

Flex Agility Solutions (FAS) $3.60B

-9.8%

Flex Reliability Solutions (FRS) $3.29B

+10.8%

Buybacks

$197.00M

Shares repurchased

8.70M