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Flex ended the quarter with approximately $1.8 billion of cash on hand and reduced total debt by approximately $200.3 million to approximately $2.8 billion.
February 3, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Flex announced results for its third quarter ended Dec. 31, 2019. Third quarter fiscal 2019 highlights included net sales of $6.5 billion, with year over year revenue down 7%. GAAP income before income taxes was $145 million, with adjusted operating income of $256 million and GAAP net income of $111 million. Adjusted EPS was $0.38. “Our third quarter fiscal year 2020 performance resulted in record adjusted EPS, improved adjusted margins and greater adjusted free cash flow generation. These resu...
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