Flexible Electronics News

Flex Reports Fourth Quarter, Fiscal 2017 Results

Fiscal year cash flow from operations of $1.1 billion and free cash flow of $660 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its fourth quarter and fiscal year ended March 31, 2017.   Net sales for the fourth quarter ended March 31, 2017 were approximately $5.9 billion, which was at the high end of the guidance range of $5.5 to $5.9 billion.   GAAP income before income taxes was $99 million for the quarter and adjusted operating income was $205 million, above the mid-point of the guidance range of $185 million to $215 million.   Net income on a GAAP basis was approximately $87 million ...

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