February 11, 2019
Flex Announces Revathi Advaithi as CEO
Electrical industry leader and former Eaton executive joins $25 billion global manufacturer Flex (NASDAQ: FLEX), the Sketch-to-Scale® solutions provider that designs and builds intelligent productsglobally, today announced that Revathi Advaithi, 51, has been named Chief Executive Officer and appointed to the Board of Directors at Flex. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190211005412/en/ Flex Announces Revathi Advaithi as CEO (Photo: Business Wire) “This is a time of tremendous opportunity in manufacturing, as trends such as regionalization, artificial intelligence, 5G and advanced manufacturing all combine to improve the way we live and work,” said Ms. Advaithi. “With locations in 30 countries and expertise in a dozen industry verticals, Flex has the necessary breadth and depth to help companies develop and launch innovative products at global scale and intelligently manage a shifting business landscape. I look...
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February 5, 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 February: 2019 Goldman Sachs Technology and Internet Conference Date: February 12, 2019
Location: San Francisco, CA
Presentation time: 1:20pm PT / 4:20pm ET 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 for a Connected World®. With approximately 200,000 professionals across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. For more information, visit flex.com or follow us on Twitter @flexintl. Flex – Live SmarterTM View source version on businesswire.com:...
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January 30, 2019
Flex Reports Third Quarter Fiscal 2019 Results
Flex (NASDAQ: FLEX) today announced results for its third quarter ended December 31, 2018. “During the quarter, we grew revenues, improved the quality of our sales mix, expanded margins, returned to free cash flow generation, and streamlined our investment portfolio,” said Michael Capellas, Chairman of Flex. “These results reflect our intense focus on execution in our core businesses.” Third Quarter Fiscal 2019 Highlights: Net Sales: $6.9 billion, year over year growth of 3 percent Communications and Enterprise Compute: year over year revenue growth of 14 percent Industrial and Emerging Industries: year over year revenue growth of 11 percent High Reliability Solutions: year over year revenue down 1 percent with strong growth in Health Solutions offset by weakness in Automotive Consumer Technologies Group: year over year revenue down 12 percent GAAP Loss Before Income Taxes: $32 million Adjusted Operating Income: $256 million, year over year growth of 17 percent GAAP Net Loss: $45...
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