Flexible Electronics News

Flex Reports 4Q, Fiscal 2016 Results

Fourth quarter adjusted EPS at $0.29, up 7% year-over-year, with all-time highest fiscal year adjusted EPS at $1.14.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its fourth quarter and fiscal year ended March 31, 2016. Net sales for the fourth quarter ended March 31, 2016 were $5.8 billion, at the mid-point of the revenue guidance range of $5.5 to $6.1 billion. Despite the slight decline in revenue, adjusted operating income increased 13% on a year-over-year basis to $200 million, which was above the mid-point of the guidance range. Quarterly adjusted operating margin expanded 50 basis points year-over-year to 3.5%. Adjusted...

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