August 29, 2019
Flex to Participate in Upcoming Investor Conference
Flex (NASDAQ: FLEX) announced today that it will participate in the following investor conference during the month of September: 2019 Citi Global Technology Conference Date: September 4, 2019
Location: New York, NY
Presentation Time: 3:40pm ET / 12:40pm PT A live webcast and replay of the event will be available on the Flex Investor Relations website at https://investors.flex.com. About Flex Flex is the Sketch-to-Scale® solutions provider that designs and builds intelligent products globally. With approximately 200,000 employees across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies across industries and markets. For more information, visit flex.com or follow us on Twitter @flexintl. View source version on businesswire.com: https://www.businesswire.com/news/home/20190829005702/en/ Investors & Analysts
Kevin Kessel, CFA
1 (408) 576-7985
kevin.kessel@flex.com...
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July 26, 2019
Flex Expands Operations in India with New Manufacturing Facility in Tamil Nadu
Chennai, July 26, 2019 - Flex (NASDAQ: FLEX) today announced the opening of its new manufacturing facility, Flex Chennai Industrial Park 3, located in Walajabad, Tamil Nadu, India. Shri Ajay Prakash Sawhney, IT Secretary, Government of India officially inaugurated the facility. Spanning 159,000 square feet, this facility will further expand Flex’s manufacturing operations in India. “We are thrilled to celebrate the inauguration of our latest manufacturing facility in India that offers one-stop solutions ranging from engineering, manufacturing, supply chain and logistics services to increase our customer’s competitiveness and decrease time to market. This further reiterates our continued commitment towards the Government of India’s ‘Make in India’ vision and entrenches India’s position as an important manufacturing base for Flex,” said Richard Hopkins, senior vice president of operations at Flex. In addition to Flex Chennai Industrial Park 3, Flex has ten other facilities in...
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July 25, 2019
Flex Reports First Quarter Fiscal 2020 Results
Flex (NASDAQ: FLEX) today announced results for its first quarter ended June 28, 2019. First Quarter Fiscal 2020 Highlights: Net Sales: $6.2 billion, year over year revenue down 3 percent GAAP Income Before Income Taxes: $64 million Adjusted Operating Income: $208 million GAAP Net Income: $45 million Adjusted Net Income: $138 million GAAP Net Income Per Share: $0.09 Adjusted EPS: $0.27 An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. “For the first quarter, I am pleased that we achieved adjusted EPS within guidance range and 11% year-over-year growth in adjusted operating profit with free cash flow of $114 million. We are repositioning our portfolio to reduce exposure to high-volatility, low-margin business, while investing in design-led wins and higher-margin segments,” said Revathi Advaithi, CEO of Flex. “This acceleration of our strategy to reposition our mix and drive...
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