Flexible Electronics News

Flex Addresses COVID-19, Impact on 4Q Fiscal 2020

Flex said it will provide further information during its Investor and Analyst webcast on March 11, 2020.

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By: Anthony Locicero

Copy editor, New York Post

Flex announced that as a result of the still-evolving COVID-19 situation, it expects fourth-quarter fiscal 2020 results to be negatively impacted and the company is not expected to meet its current guidance. On Jan. 30, 2020, Flex issued fourth-quarter fiscal 2020 guidance excluding any potential impact from the COVID-19 outbreak, “given that it was still early in a very fluid and dynamic situation.” As stated on the earnings call, at the onset of the outbreak, Flex activated conti...

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