-
- 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 Q4, Fiscal 2022 Results
May 11, 2022 | FlexEstimated reading time: 1 minute
Flex announced results for its fourth quarter and fiscal year ended March 31, 2022.
Fourth Quarter Fiscal Year 2022 Highlights:
- Net Sales: $6.9 billion
- GAAP Operating Income: $228 million
- Adjusted Operating Income: $295 million
- GAAP Net Income Attributable to Flex Ltd.: $168 million
- Adjusted Net Income: $244 million
- GAAP Earnings Per Share: $0.36
- Adjusted Earnings Per Share: $0.52
Fiscal Year 2022 Results of Operations:
- Net Sales: $26.0 billion
- GAAP Operating Income: $972 million
- Adjusted Operating Income: $1,169 million
- GAAP Net Income attributable to Flex Ltd.: $936 million
- Adjusted Net Income: $945 million
- GAAP Earnings Per Share: $1.94
- Adjusted Earnings Per Share: $1.96
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.
"Flex achieved record performance this year, reflective of the team's incredible execution and dedication to deliver for our customers and all our stakeholders," said Revathi Advaithi, CEO of Flex. "We have strong momentum as we head into fiscal year 2023 and we remain focused on driving sustainable growth, margin improvement, and creating shareholder value."
First Quarter Fiscal 2023 Guidance
- Revenue: $6.6 billion to $7.0 billion
- GAAP Operating Income: $235 million to $265 million
- Adjusted Operating Income: $285 million to $315 million
- GAAP EPS: $0.33 to $0.39
- Adjusted EPS: $0.44 to $0.50 which excludes $0.06 for stock-based compensation expense, $0.04 for net intangible amortization, and $0.01 for Nextracker LLC series A redeemable preferred units dividends payable in kind.
Fiscal Year 2023 Guidance
- Revenue: $27.7 billion to $28.7 billion
- GAAP EPS: $1.63 to $1.78
- Adjusted EPS: $2.09 to $2.24 which excludes $0.26 for stock-based compensation expense, $0.15 for net intangible amortization, and $0.05 for Nextracker LLC series A redeemable preferred units dividends payable in kind.
Suggested Items
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.
NetVia Group Acquires Direct Imaging from Mivatek
04/09/2024 | Miva TechnologiesMiva Technologies is pleased to announce NetVia Group, Irving, TX has acquired a new Miva 2400NG Dual Tray Direct Imaging System with 30-micron capabilities for inner, outer and soldermask imaging.
ENNOVI Introduces a New Flexible Circuit Production Process for Low Voltage Connectivity in EV Battery Cell Contacting Systems
04/03/2024 | PRNewswireENNOVI, a mobility electrification solutions partner, introduces a more advanced and sustainable way of producing flexible circuits for low voltage signals in electric vehicle (EV) battery cell contacting systems.