November 15, 2018
Flex Appoints Charles Stevens And Jill Greenthal To Board Of Directors
Flex (NASDAQ: FLEX) today announced that Charles K. "Chuck" Stevens III and Jill Greenthal have been appointed to the Company's Board of Directors. Mr. Stevens and Ms. Greenthal bring strong financial and investment expertise. As the former Chief Financial Officer of General Motors, Mr. Stevens brings strong financial expertise as well as extensive experience in the automotive industry which will be invaluable to Flex's automotive business. With three decades in investment banking, Ms. Greenthal brings deep financial understanding of the world's leading media, technology and telecommunications companies. Michael D. Capellas, Flex Chairman of the Board, said, "Chuck Stevens and Jill Greenthal are both highly respected and experienced finance executives. We welcome their leadership, insight and advice to the Flex Board." The elections to the Flex Board took effect on November 14, 2018. Mr. Stevens has been appointed to the Audit Committee of the Board, and it is expected that Ms....
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October 25, 2018
Flex Reports Second Quarter Fiscal 2019 Results
- Quarterly revenue of $6.7 billion, increased 7% year-over-year
- GAAP diluted EPS of $0.16, Non-GAAP diluted EPS of $0.29
- Repurchased 4.4 million shares for approximately $60 million.
- Winding down NIKE Mexico Operation Flex (NASDAQ: FLEX), the Sketch-to-Scale ® solutions provider that designs and builds Intelligent Products for a Connected World ® , today announced results for its second quarter ended September 28, 2018. US$ in millions, except earnings per share Three-Month Periods Ended September 28, 2018 September 29, 2017 Net sales $ 6,711 $ 6,270 GAAP income before income taxes 109 218 Adjusted operating income 224 188 GAAP net income 87 205 Adjusted net income 153 142 GAAP EPS 0.16 0.38 Adjusted EPS 0.29 0.27 An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is...
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October 25, 2018
Flex CEO, Mike McNamara, to Retire
Flex (NASDAQ: FLEX) today announced that Michael M. McNamara, the Company's Chief Executive Officer and a member of the Company's Board of Directors, has decided to retire as Chief Executive Officer, effective December 31, 2018. The Board has engaged Heidrick & Struggles International, Inc. to conduct a search for a new Chief Executive Officer and will be considering both internal and external candidates. Michael D. Capellas, Chairman of the Board, will actively assist the Company's management with the Chief Executive Officer transition. "After 24 years at Flex and having had the privilege of serving the past 12 years as CEO, I believe now is the time for me to step back and allow new leadership to continue improving on what we have built," said Mike McNamara. "It has been an amazing journey, as we built Flex into an incredibly powerful company that I am extremely proud of. I want to thank our employees, customers and suppliers for their support throughout this...
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