February 21, 2017
Flex to Further Expand Automotive Offering and Customer Portfolio Through Strategic Acquisition of AGM Automotive
Flex (NASDAQ: FLEX), the Sketch-to-Scale™ solutions provider that designs and builds intelligent products for a connected world, announced today that it has entered into a definitive agreement to acquire AGM Automotive (AGM). AGM is a leading global supplier of automotive interior components and systems, including overhead console systems, interior lighting, electronic components and textile flooring solutions. Providing high quality and innovative automotive interior solutions, AGM is a trusted design partner of major Original Equipment Manufacturers (OEMs) around the globe. AGM is headquartered in Troy, Michigan, with additional facilities in the US, Mexico, Costa Rica, Austria and China. "AGM is a highly respected, award-winning provider of automotive interior components and systems," said Chris Obey , president of Automotive at Flex. "This strategic acquisition will complement and expand our automotive offerings, particularly in lighting, and will further strengthen certain key...
February 1, 2017
Flex To Participate In Upcoming Investor Conference
Flex (NASDAQ: FLEX) announced today that it will participate in the following event during the month of February. A live webcast of the conference will be available on the Investor Relations section of the Flex website at: https://investors.flex.com 2017 Goldman Sachs Technology and Internet Conference Date: February 15, 2017 Location: San Francisco, CA Presentation time: 4:00pm PT / 7:00pm ET Presenters: Flex Management Team Webcast: https://investors.flex.com About Flex Ltd. 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 www.flextronics.com or follow us on Twitter @Flextronics. Flex – Live Smarter™. Renee Brotherton Kevin Kessel Corporate...
January 26, 2017
Flex Reports Third Quarter Fiscal 2017 Results
- Strong cash flow from operations of $469 million and free cash flow of $363 million - GAAP gross margin of 6.8%, increasing 10 basis points year-over-year and Non-GAAP gross margin of 7.1%, increasing 40 basis points year-over-year - GAAP diluted EPS of $0.24, Non-GAAP diluted EPS of $0.34 - Maintains commitment to return value to shareholders Flex (NASDAQ: FLEX), the Sketch-to-Scale™ solutions provider that designs and builds intelligent products for a connected world, today announced results for its third quarter ended December 31, 2016 . "Our Sketch-to-Scale strategy remains firmly on track as reflected in our third quarter performance," said Mike McNamara, CEO at Flex. "We remain focused on value creating activities such as a structural mix shift to a higher margin business, generating sustainable free cash flow and consistently returning value to our shareholders." (US$ in millions, except EPS) Three-Month Periods Ended
December 31, 2016 December 31, 2015 Net...