Flexible Electronics News

Flex Reports 3Q Fiscal 2021 Results

Net sales for the quarter were $6.7 billion, with adjusted net income of $251 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

As a major contract manufacturer, it is not surprising that Flex had solid results for its third quarter ended Dec. 31, 2020. Net sales for the quarter were $6.7 billion. GAAP net income was $208 million, with adjusted net income coming in at $251 million. “Flex’s strong third quarter performance exceeded our prior expectations, as robust demand across our portfolio drove solid revenue growth. Furthermore, our operational focus and disciplined execution delivered record adjusted operatin...

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