Flexible Electronics News

Flex Reports 3Q Fiscal 2018 Results

Quarterly revenue of $6.75 billion, increased 10% year-over-year, with cash flow from operations of $150 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its third quarter ended Dec. 31, 2017.   Net sales for the third quarter ended Dec. 31, 2017 were $6.75 billion, growing 10% year-over-year and above the high end of the guidance range of $6.3 to $6.7 billion. GAAP income before income taxes was $141 million for the quarter and adjusted operating income was $220 million, at the mid-point of the guidance range of $205 million to $235 million. GAAP net income was approximately $118 million and adjusted net income for t...

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