Flexible Electronics News

Flex Reports 2Q Fiscal 2017 Results

Notes cash flow from operations of $280 million and free cash flow of $144 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its second quarter ended Sept. 30, 2016.   Net sales for the second quarter ended September 30, 2016 were more than $6.0 billion, which was at the mid-point of the guidance range of $5.8 to $6.2 billion.   “Our Sketch-to-Scale strategy remains firmly on track as reflected in our second quarter performance which is inline with guidance,” said Mike McNamara, CEO at Flex. “We remain focused on value creating activities such as a structural mix shift to a higher margin...

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