DALLAS - Flex (NASDAQ: NASDAQ:FLEX), a prominent player in the Electronic Equipment sector with a market capitalization of $16.27 billion and impressive 53% stock return over the past year, has expanded its U.S. manufacturing operations with the inauguration of a new 400,000-square-foot facility in Dallas, aimed at enhancing its production capabilities for power infrastructure solutions. According to InvestingPro data, the company is currently trading near its 52-week high, reflecting strong market confidence in its expansion strategy. The facility will focus on the fabrication and assembly of power pods, power distribution units, and low-voltage switchgear, catering to the growing needs of North American customers.
The strategic move comes in response to the accelerating demand for reliable and efficient power infrastructure driven by the widespread adoption of artificial intelligence (AI). This investment is expected to reduce production lead times for U.S. customers, enabling Flex to deliver its grid-to-chip data center power solutions more efficiently. With an EBITDA of $1.68 billion in the last twelve months and a healthy current ratio of 1.41, Flex demonstrates strong operational efficiency and financial stability.
Chris Butler, President of Embedded and Critical Power at Flex, emphasized the importance of the expansion, stating, "Our new Dallas facility positions us to deliver next-generation power infrastructure solutions that help customers maximize computing performance while reducing deployment times."
The Dallas site represents a significant addition to Flex's U.S. operations, following the acquisition of Crown Technical Systems in October 2024. The facility will serve as a central hub, combining technical power pod fabrication with utility-grade capabilities, which is expected to streamline distribution processes for the company's expanding customer base in North America.
Flex's growth plan in the U.S. underscores its commitment to scaling production capacities to meet the domestic demand surge for power solutions. The company, with a workforce spread across 30 countries, continues to focus on delivering technology innovation, supply chain, and manufacturing solutions to a variety of industries and end markets.
The information in this article is based on a press release statement from Flex. InvestingPro analysis reveals that 5 analysts have recently revised their earnings estimates upward for the upcoming period, suggesting positive momentum for the company. For deeper insights into Flex's financial health and growth prospects, including 12 additional ProTips and comprehensive valuation metrics, explore the full Pro Research Report available on InvestingPro.
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