Flex Ltd (OQ:FLEX)

Sector:  Technology Industry:  Electronic Equipment & Parts
See Regulatory Filings on SEC
Company Contact
Address: 2 Changi South Lane
Tel: 1-408-5774037
Website: https://flex.com
IR: See website
Key People
Michael D. Capellas
Independent Chairman of the Board
David P. Bennett
Principal Accounting Officer
Paul J. Humphries
President - High Reliability Solutions
Revathi Advaithi
Chief Executive Officer, Director
Christopher E. Collier
Chief Financial Officer
Francois P. Barbier
President - Global Operations & Components
Douglas M. Britt
President - Flex Integrated Solutions
Raejeanne Skillern
President, Communications and Enterprise Compute
Phil Ulrich
Chief Human Resource Officer
Scott Offer
Executive Vice President, General Counsel
Business Overview
Flex Ltd, formerly Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC). The HRS segment consists of its medical business, automotive business, and defense and aerospace businesses. The CTG segment includes its mobile devices business, consumer electronics business and high-volume computing business. The IEI segment consists of semiconductor and capital equipment, office solutions, household industrial and lifestyle, industrial automation and kiosks, energy and metering, and lighting. The CEC segment includes radio access base stations, remote radio heads, and small cells for wireless infrastructure.
Financial Overview
For the six months ended 27 September 2019, Flex Ltd revenues decreased 6% to $12.26B. Net loss totaled $72.1M vs. income of $202.9M. Revenues reflect Consumer Technology Group segment decrease of 18% to $2.89B, Communications & Enterprise Compute segment decrease of 12% to $3.59B, China segment decrease of 15% to $2.9B, Other segment decrease of 6% to $2.75B. Net loss reflects Restructuring charges increase from $26.8M to $161.4M (expense).
Employees: 200,000 as of Mar 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $7,275M as of Sep 27, 2019
Annual revenue (TTM): $25,340M as of Sep 27, 2019
EBITDA (TTM): $1,414M as of Sep 27, 2019
Net annual income (TTM): -$181.59M as of Sep 27, 2019
Free cash flow (TTM): -$3,546M as of Sep 27, 2019
Net Debt Last Fiscal Year: $1,175M as of Sep 27, 2019
Shares outstanding: 508,308,187 as of Oct 22, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization