Flexible Electronics News

Flex Reports 1Q Fiscal 2021 Results

Company reports net sales of $5.2 billion, GAAP net income of $52 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its first quarter ended June 26, 2020. First quarter fiscal year 2021 highlights included net sales of $5.2 billion, GAAP income before income taxes of $67 million, adjusted operating income of $163 million and GAAP net income of $52 million. “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 discipli...

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