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M-FLEX Provides Earnings Guidance for Fourth Quarter Fiscal 2004, Outlines New Policy for Providing Guidance to Investors
August 19, 2004 |Estimated reading time: 1 minute
Anaheim, Calif. — Multi-Fineline Electronix Inc. (M-FLEX) expects net sales for the fourth quarter of fiscal 2004 to range between $66 and $71 million and net income for the same period of between $7.5 and $9.1 million.
These estimates will result in annual net sales of between $247 and $253 million for fiscal 2004 and net income of between $24 and $26 million for the same period. The company does not expect its share capital to change materially in the fourth quarter.
M-FLEX, which completed its initial public offering in June 2004, focuses on electronics products — including mobile phones and smart mobile devices — where the company's flexible printed circuit assemblies enable manufacturers, such as Motorola and other companies, to design electronic devices in a desired size, shape, weight and functionality.M-FLEX has established a new policy on guidance for investors, which includes strategic and business guidance as well as earnings guidance. Throughout the year, M-FLEX intends periodically to include in its dialogue with investors strategic and business guidance that will focus on:
- Industry-specific information
- Significant market trends that may impact the company's business in the near as well as long term
- Business strategy updates
- Status of key corporate initiatives, such as capacity expansion and new product introductions
The company also intends to provide information that makes it possible for investors to reasonably estimate the company's future performance. Toward that end, M-FLEX's policy is to begin providing guidance in connection with the reporting of quarterly operating results for the following fiscal quarter's net sales and net income and to provide general commentary on its annual performance.
M-FLEX is a global provider of high-quality, technologically advanced flexible printed circuit and value-added component assembly solutions to the electronics industry. For more information, visit www.mflex.com.