Flexible Electronics News

Flex Reports 3Q Fiscal 2017 Results

Notes strong cash flow from operations of $469 million and free cash flow of $363 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its third quarter ended Dec.31, 2016.   Net sales for the third quarter ended December 31, 2016 were more than $6.1 billion, which was in the guidance range of $6.0 to $6.4 billion.   GAAP gross margin increased 10 basis points and adjusted gross margin increased approximately 40 basis points on a year-over-year basis.   GAAP income before income taxes was $140 million for the quarter and adjusted operating income was $223 million, above the mid-point of the guid...

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