August 7, 2020
Flex Announces Chief Financial Officer Transition
Paul Lundstrom joins as CFO, Chris Collier resigns and will serve as senior advisor through the transition Flex (NASDAQ: FLEX) announced today that Paul R. Lundstrom will join the company as chief financial officer (CFO) on September 1, 2020. Mr. Lundstrom will succeed Chris Collier, who following a successful 25-year career and after serving as Flex’s chief financial officer for the past seven years, is resigning for personal reasons. Mr. Collier will stay on as an employee to support a smooth transition of the CFO position, advise on several key business initiatives and serve as a senior advisor to Revathi Advaithi, chief executive officer (CEO) of Flex for the period commencing on September 1, 2020 through March 31, 2021. Mr. Lundstrom will report directly to Ms. Advaithi and will be based out of the corporate headquarters in San Jose, California. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200807005463/en/ Paul...
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July 30, 2020
Flex Reports First Quarter Fiscal 2021 Results
Flex (NASDAQ: FLEX) today announced results for its first quarter ended June 26, 2020. First Quarter Fiscal Year 2021 Highlights: Net Sales: $5.2 billion GAAP Income Before Income Taxes: $67 million Adjusted Operating Income: $163 million GAAP Net Income: $52 million Adjusted Net Income: $116 million GAAP Earnings Per Share: $0.10 Adjusted Earnings Per Share: $0.23 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. “The Flex team delivered strong results in Q1, overcoming the challenges presented by the COVID-19 pandemic. Our ability to deliver better than expected results, even in this difficult environment, is a testament to our disciplined, world-class execution,” said Revathi Advaithi, Chief Executive Officer of Flex. “We continue to make progress on our long-term strategy which has been validated during this dynamic time through our ability to focus and scale to meet the...
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July 10, 2020
Flex Announces Date for First Quarter Fiscal 2021 Earnings Call
Flex (NASDAQ: FLEX) will hold a conference call to discuss its first quarter fiscal year 2021 results on Thursday, July 30, 2020 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The live webcast of the conference call and accompanying slides will be available on the Flex Investor Relations (IR) website located at investors.flex.com . Alternatively, to access the conference call by telephone, participants can obtain the dial-in number and event passcode by registering at https://www.directeventreg.com/registration/event/9241677 . Telephonic participants are encouraged to register at least 15 minutes in advance of the scheduled start time. An audio replay and transcript will also be available on the IR website after the call. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible,...
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