Flexible Electronics News

Flex Reports 2Q 2016 Results

Reports strong free cash flow generation of $143 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its second quarter ended Sept. 25, 2015. Flex’s net sales for the second quarter 2015 were just over $6.3 billion, above the mid-point of its previously provided revenue guidance of $5.9 billion to $6.5 billion. The company’s adjusted earnings per diluted share of $0.27 was towards the high-end of the company’s previously provided guidance of $0.22 to $0.28.   Second quarter adjusted operating income increased 7% year-over-year to $196 million and was above the midpo...

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