-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Flex Reports Q1 Fiscal 2024 Results
July 28, 2023 | FlexEstimated reading time: 1 minute
Flex announced results for its first quarter ended June 30, 2023.
First Quarter Fiscal Year 2024 Highlights:
- Net Sales: $7.3 billion
- GAAP Operating Income: $291 million
- Adjusted Operating Income: $377 million
- GAAP Net Income attributable to Flex Ltd: $186 million
- Adjusted Net Income attributable to Flex Ltd: $258 million
- GAAP Earnings Per Share: $0.41
- Adjusted Earnings Per Share: $0.57
- An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release.
"Our results this quarter demonstrate the strength of our diverse portfolio from a product, customer, and geographic perspective," said Revathi Advaithi, CEO of Flex. "The many long-term secular trends and the solid foundation of our business give us confidence that we'll continue to effectively navigate a dynamic macro-environment, drive growth, and deliver value."
Second Quarter Fiscal 2024 Guidance
- Revenue: $7.3 billion to $7.7 billion
- GAAP Operating Income: $316 million to $346 million
- Adjusted Operating Income: $370 million to $400 million
- GAAP EPS: $0.44 to $0.49
- Adjusted EPS: $0.55 to $0.60 which includes $0.08 for stock-based compensation expense, $0.04 for net intangible amortization, offset by ($0.01) for noncontrolling interest share of subsidiary's non-GAAP adjustments.
Fiscal Year 2024 Guidance Updated
- Revenue: $30.5 billion to $31.5 billion
- GAAP EPS: $1.87 to $2.07
- Adjusted EPS: $2.35 to $2.55 which includes $0.34 for stock-based compensation expense, $0.13 for net intangible amortization, and $0.04 for net restructuring charges, offset by ($0.03) noncontrolling interest share of subsidiary's non-GAAP adjustments.
Suggested Items
Warm Windows and Streamlined Skin Patches – IDTechEx Explores Flexible and Printed Electronics
04/26/2024 | IDTechExFlexible and printed electronics can be integrated into cars and homes to create modern aesthetics that are beneficial and easy to use. From luminous car controls to food labels that communicate the quality of food, the uses of this technology are endless and can upgrade many areas of everyday life.
Trackwise Awarded Prestigious King’s Award for Enterprise for Innovation
04/24/2024 | TrackwiseTrackwise Designs plc, the innovative manufacturer of specialist products using printed circuit technology, is delighted to be recognised with a prestigious King’s Award for Enterprise. Announced, Friday 21 April, Trackwise has been recognised for its excellence in Innovation for its length-unlimited, multilayer flexible printed circuits.
Real Time with... IPC APEX EXPO 2024: Integrating Automation into the North American PCB Market
04/18/2024 | Real Time with...IPC APEX EXPODan Beaulieu introduces James Chien from SAA Symtek Automation Asia and Jason Perry from Technica, who are bringing automation to the North American PCB market. They discuss their expertise in automation, equipment sets, and growing opportunities. The focus is on integrating automation into existing shops, considering hardware, software, and flexibility. They also discuss the challenges of modernizing domestic shops and the potential of expanding automation to other markets.
Three Industry Leaders Receive IPC President’s Award
04/17/2024 | IPCIn recognition of their leadership and significant contributions of time and talent to IPC and the electronics industry, three IPC volunteers were presented with the IPC President’s Award at IPC APEX EXPO in Anaheim, Calif., on April 9, 2024.
IDTechEx Discusses the Role of Printed Sensors in Mass-Digitization
04/11/2024 | PRNewswireIntegrated sensors digitizing physical interactions are vital in everyday life. From personalized user experiences to warehouse inventory management, data-driven insights are driving demand for smarter sensors — and lots of them.