Flexible Electronics News

Flex Reports Second Quarter Fiscal 2019 Results

Quarterly revenue of $6.7 billion increased 7% year-over-year

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its second quarter ended September 28, 2018.   Net sales for the second quarter ended Sept. 28, 2018 were $6.7 billion, growing 7% year-over-year, and within the guidance range of $6.6 to $7.0 billion. GAAP income before income taxes was $109 million for the quarter and adjusted operating income was $224 million, above the midpoint of the guidance range of $200 million to $230 million. GAAP net income was $87 million and adjusted net income for the quarter was $153 m...

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