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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July 2, 2019
Flex Announces Date for First Quarter Fiscal 2020 Earnings Call
Flex (NASDAQ: FLEX) will hold a conference call to discuss its first quarter fiscal year 2020 results on Thursday, July 25, 2019 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 Q1Flex. 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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June 6, 2019
Flex Announces the Expiration and Results of Its Cash Tender Offer for Any and All of Its 4.625% Notes Due 2020
Flex (Nasdaq: FLEX) today announced that its previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding 4.625% Notes due 2020 (the “2020 Notes”) expired at 5:00 p.m., New York City time, on June 5, 2019. As of the expiration of the Tender Offer, $249,942,000 or 49.99% of the $500 million outstanding aggregate principal amount of the 2020 Notes had been validly tendered and not validly withdrawn. These amounts do not include $50,000 aggregate principal amount of the 2020 Notes subject to the guaranteed delivery procedures described in the Offer to Purchase dated May 30, 2019 (the “Offer to Purchase”). Payment for the 2020 Notes validly tendered and accepted for purchase was made on June 6, 2019, and payment for all 2020 Notes validly tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase is expected to be made on June 10, 2019. Holders that validly tendered their 2020 Notes at or prior to the expiration of the...
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