Flexible Electronics News

Flex Reports First Quarter Fiscal 2019 Results

Quarterly revenue of $6.4 billion, increased 7% year-over-year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its first quarter ended June 29, 2018.   Net sales for the first quarter ended June 29, 2018 were $6.4 billion, growing 7% year-over-year. Net net sales for Q1 fiscal year 2019 without the adoption impact were $6.5 billion and within the guidance range of $6.3 to $6.7 billion which also excluded the impact from adoption of the new revenue recognition standard.   GAAP income before income taxes was $142 million for the quarter and adjusted operating income was $188 ...

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