January 30, 2020
Flex Reports Third Quarter Fiscal 2020 Results
Flex (NASDAQ: FLEX) today announced results for its third quarter ended December 31, 2019. Third Quarter Fiscal 2020 Highlights: Net Sales: $6.5 billion, year over year revenue down 7 percent GAAP Income Before Income Taxes: $145 million Adjusted Operating Income: $256 million GAAP Net Income: $111 million Adjusted Net Income: $193 million GAAP Earnings Per Share: $0.22 Adjusted EPS: $0.38 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. “Our third quarter fiscal year 2020 performance resulted in record adjusted EPS, improved adjusted margins and greater adjusted free cash flow generation. These results validate our continued transition as we manage our portfolio mix, operate with disciplined execution, and pursue design-led manufacturing. There is still work to do, but our consistent performance over the last 3 quarters has positioned us well on the path to profitable...
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January 9, 2020
Flex Announces Date for Third Quarter Fiscal 2020 Earnings Call
Flex (NASDAQ: FLEX) will hold a conference call to discuss its third quarter fiscal year 2020 results on Thursday, January 30, 2020 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The dial-in number for the conference call is 877-201-0168 with passcode Q3Flex. The live webcast of the call and accompanying slides will be available on the Flex Investor Relations (IR) website located at investors.flex.com. An audio replay and transcript will also be available on the IR website after the call. About Flex Ltd. 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 of all sizes across industries and markets. For more information, visit flex.com or follow us on Twitter @Flexintl. View source version on businesswire.com:...
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January 6, 2020
Flex Delivers Seamless Path from Rapid Prototyping to High Volume Manufacturing of IoT Devices
New development kit and system-in-package enable shorter time to market and support design of high volume IoT products integrating sound, pressure and motion sensing CES – Flex (NASDAQ: FLEX), the global supply chain and manufacturing company, in collaboration with QuickLogic Corporation and Infineon Technologies AG, today announced the availability of the FLEXino Sensor Fusion Development Kit to enable rapid prototyping and a corresponding 12mm x 12mm System-in-Package (SiP) for high volume production of Internet of Things (IoT) devices. To help reduce time to market and scale production, the development kit and SiP enable a wide range of new and existing sensor fusion IoT products requiring audio, pressure and motion sensing, Bluetooth and WiFi capabilities. At the Consumer Electronics Show (CES) this week, attendees interested in seeing a demonstration of the FLEXino Sensor Fusion Development Kit can make an appointment to visit QuickLogic's suite, located in the Venetian Tower...
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