Flexible Electronics News

Flex Reports 3Q Fiscal 2023 Results

Net sales were $7.8 billion, with GAAP operating income of $321 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its third quarter ended Dec. 31, 2022. Net sales were $7.8 billion, with GAAP operating income of $321 million. Adjusted operating income was $372 million, while GAAP net income attributable to Flex Ltd. was $230 million. Adjusted net income was $285 million. “We achieved another strong quarter through the focused efforts of the team, and strong execution against healthy demand,” said Revathi Advaithi, CEO of Flex. “I remain confident about the ...

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