Flexible Electronics News

Flex Reports Fourth Quarter and Fiscal 2018 Results

Fiscal 2018 revenue was $25.4 billion, increasing 7% year-over-year, with fiscal 2018 cash flow of $754 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its fourth quarter ended March 31, 2018.   Net sales for the fourth quarter ended March 31, 2018 were $6.4 billion, growing 9% year-over-year at the higher end of the guidance range of $6.1 to $6.5 billion. GAAP income before income taxes was $16 million for the quarter and adjusted operating income was $200 million, at the low end of the guidance range of $200 million to $230 million. GAAP net loss was $20 million and adjusted net income for the quarter was $150 mil...

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