Flexible Electronics News

Flex Reports Third Quarter Fiscal 2019 Results

Adjusted cash flow from operations and free cash flow were $274 million and $119 million, respectively.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Flex announced results for its third quarter ended Dec. 31, 2018.   During the third quarter of 2019, Flex’s net sales were $6.9 billion, with year over year growth of 3%. Adjusted operating income was $256 million, with year over year growth of 17%. GAAP net loss was $45 million.   Flex ended the quarter with approximately $1.5 billion of cash on hand and total debt of approximately $2.9 billion.   Adjusted cash flow from operations and free cash flow were $274 million and $119 million, respect...

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