-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueIPC 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.
The Cost of Rework
In this issue, we investigate rework's current state of the art. What are the root causes and how are they resolved? What is the financial impact of rework, and is it possible to eliminate it entirely without sacrificing your yields?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Flex Reports Second Quarter Fiscal 2022 Results
November 1, 2021 | FlexEstimated reading time: 1 minute
Flex announced results for its second quarter ended October 1, 2021.
Second Quarter Fiscal Year 2022 Highlights:
- Net Sales: $6.2 billion
- GAAP Operating Income: $237 million
- Adjusted Operating Income: $286 million
- GAAP Net Income: $336 million
- Adjusted Net Income: $233 million
- GAAP Earnings Per Share: $0.69 which includes $0.30 non-cash income related to a favorable operational tax ruling
- Adjusted Earnings Per Share: $0.48
“Our fiscal second quarter was another strong result for Flex, achieving year over year revenue growth in our Agility and Reliability segments, as well as EPS and margin expansion. I would like to thank our team for their exceptional execution, managing through the supply chain challenges,” said Revathi Advaithi, Flex Chief Executive Officer. “We remain focused on driving profitable growth and margin expansion through organic and inorganic investments.”
Third Quarter Fiscal 2022 Guidance
- Revenue: $6.1 billion to $6.5 billion
- GAAP Operating Income: $210 million to $250 million
- Adjusted Operating Income: $250 million to $290 million
- GAAP EPS: $0.30 to $0.36 which includes $0.05 for stock-based compensation expense and $0.03 for net intangible amortization
- Adjusted EPS: $0.38 to $0.44
Fiscal Year 2022 Guidance Updated
- Revenue: $24.8 billion to $25.8 billion
- GAAP EPS: $1.71 to $1.86 which includes $0.19 for stock-based compensation expense and $0.11 for net intangible amortization offset by ($0.31) for restructuring and other gains primarily related to $0.30 non-cash income from a favorable operational tax ruling recorded in Q2FY22
- Adjusted EPS: $1.70 to $1.85
Suggested Items
Altair SimSolid Transforms Simulation for Electronics Industry
03/29/2024 | AltairAltair, a global leader in computational intelligence, announced the upcoming release of Altair SimSolid for electronics, bringing game-changing fast, easy, and precise multi-physics scenario exploration for electronics, from chips, PCBs, and ICs to full system design.
IMI Taps New Opportunities to Sustain Grit in China
03/28/2024 | IMIIntegrated Micro-Electronics, Inc. (IMI), Joey S. Bantatua, IMI China’s head of operations and general manager was recently interviewed by Asia Electronics Industry (AEI) magazine where he talked about the prospects of the country both as a market and a production hub.
Kimball Electronics Publishes Annual Sustainability Disclosures with its 2023 Guiding Principles Report
03/28/2024 | BUSINESS WIREKimball Electronics, Inc. published its annual sustainability disclosures in its 2023 Guiding Principles Report, themed “How We Are Winning Together The Kimball Way.”
iNEMI Webinar: Humidity Robustness and Insulation Coordination for e-Mobility
03/27/2024 | iNEMIThis webinar is a follow-up to the recent Seminar on Humidity Robustness and Insulation Coordination for e-Mobility, organized by iNEMI and ZESTRON Europe and supported by the ECPE.
Electronics Industry Sentiment Rises in March
03/27/2024 | IPCIPC releases March 2024 Global Sentiment of the Electronics Supply Chain Report