Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 6.55B | 3.7% |
| Gross Profit | 531M | 12.7% |
| Cost of Revenue | 6.25B | 2.7% |
| Operating expense | 250M | 1.6% |
| Net Income | 214M | 54% |
| EBITDA | 326M | 29.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 18.6B | 4.8% |
| Total Liabilities | 13.6B | 6.6% |
| Total Equity | 5B | 0.1% |
| Shares Outstanding | 390M | 2.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 319M | 6.2% |
| Cash from investing | -124M | 51.2% |
| Cash from financing | 147M | 131.4% |
EPS
Financial Highlights for Flex in Q3 '24
Flex reported a revenue of 6.55B, which is a 3.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 531M, marking a 12.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 6.25B, a 2.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 250M, showing a -1.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 214M, showing a 54% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 326M, showing a 29.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Flex with growth in revenue, gross profit, and net income.
