Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
Nolan's Notes: The Next Killer App in Component Manufacturing
Flex Reports Q4, Fiscal 2021 Results
May 11, 2021 | FlexEstimated reading time: 1 minute
Flex announced results for its fourth quarter and fiscal year ended March 31, 2021.
Fourth Quarter Fiscal Year 2021 Highlights:
- Net Sales: $6.3 billion
- GAAP Income Before Income Taxes: $260 million
- Adjusted Operating Income: $310 million
- GAAP Net Income: $240 million
- Adjusted Net Income: $248 million
- GAAP Earnings Per Share: $0.47
- Adjusted Earnings Per Share: $0.49
Fiscal Year 2021 Results of Operations:
- Net Sales: $24.1 billion
- GAAP Income Before Income Taxes: $714 million
- Adjusted Operating Income: $1.0 billion
- GAAP Net Income: $613 million
- Adjusted Net Income: $795 million
- GAAP Earnings Per Share: $1.21
- Adjusted Earnings Per Share: $1.57
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.
“We are very pleased with our strong fourth quarter results,” said Revathi Advaithi, Chief Executive Officer for Flex. “Our progress on our multi-year transformation during fiscal 2021 is reflected in our overall solid performance during a very challenging global environment this past year, and I am confident that we will continue our positive momentum in FY22.”
First Quarter Fiscal Year 2022 Guidance
- Revenue: $5.9 billion to $6.3 billion
- GAAP Income Before Income Taxes: $160 million to $200 million
- Adjusted Operating Income: $240 million to $280 million
- GAAP EPS: $0.26 to $0.32 which includes $0.05 for stock-based compensation expense and $0.03 for net intangible amortization
- Adjusted EPS: $0.34 to $0.40
Fiscal Year 2022 Guidance
- Revenue: $25 billion to $26 billion
- GAAP EPS: $1.30 to $1.45 which includes $0.21 for stock-based compensation expense and $0.09 for net intangible amortization
- Adjusted EPS: $1.60 to $1.75
Share on:
Suggested Items
Kaynes Technology Acquires Canada-Based August Electronics
05/09/2025 | PRNewswireAugust Electronics Inc. is pleased to announce that it has entered into a definitive agreement to be acquired by Kaynes Canada Limited, a wholly owned step-down subsidiary of Kaynes Technology India Limited, a leading Electronics System Design & Manufacturing (ESDM) company. The transaction is expected to close by the end of May 2025, subject to customary regulatory approvals and closing conditions.
LITEON Technology Reports Consolidated April Sales of NT$13.4 Billion Up 27% YoY
05/09/2025 | LITEON TechnologyLITEON Technology reported its April consolidated revenue of NT$13.4 billion. Thanks to the growth from power management in cloud computing, advanced server, and networking, the revenue is up 27% YoY.
Primech AI Plans Production of 300 HYTRON Robots through its China Manufacturing Expansion
05/09/2025 | Globe NewswirePrimech AI Pte. Ltd., a subsidiary of Primech Holdings Limited announced a significant expansion of its manufacturing capabilities through a strategic manufacturing partnership in Guangdong Province, China.
Creative Electron Strengthens Leadership Team with Strategic Appointments in Marketing and SMT Business Unit
05/08/2025 | Creative ElectronCreative Electron, the largest U.S. manufacturer of X-ray inspection systems for the electronics industry, is proud to announce the addition of two seasoned leaders to its executive team: Wagner Lima as Marketing Director and Giancarlo De La Garza as SMT Business Unit Director.
LG Electronics India Limited Begins Construction of Its Third Manufacturing Plant in India
05/08/2025 | BUSINESS WIRELG Electronics India Ltd. (LGEIL) announced the commencement of construction of its new manufacturing facility in Sri City, Andhra Pradesh today at a ceremony graced by the presence of Shri Nara Lokesh, Hon'ble Minister for Information Technology, Electronics and Communications.