Flexible Electronics News

Flex Reports 1Q Fiscal 2023 Results

Net sales were $7.3 billion, with GAAP operating income of $272 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its first quarter ended July 1, 2022. First Quarter Fiscal Year 2023 Highlights: • Net Sales: $7.3 billion • GAAP Operating Income: $272 million • Adjusted Operating Income: $330 million • GAAP Net Income Attributable to Flex Ltd.: $189 million • Adjusted Net Income: $255 million • GAAP Earnings Per Share: $0.40 • Adjusted Earnings Per Share: $0.54 “The Flex team reached another milestone this quarter, achieving record adjusted EPS as well as deliver...

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