Multi-Fineline Electronix (MFLX) Tops Q1 EPS by 8c

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MFLEX Announces First Quarter 2015 Financial Results

May 7, 2015 4:30 PM EDT

IRVINE, Calif., May 7, 2015 /PRNewswire/ -- Multi-Fineline Electronix, Inc. (NASDAQ: MFLX), a leading global provider of high-quality, technologically advanced flexible printed circuits and assemblies, today reported financial results for its first quarter ended March 31, 2015.  Net sales for the first quarter of 2015 were $149.1 million, an increase of approximately 27 percent, compared to net sales of $117.8 million for the same period last year.   The Company's largest customer represented 65 percent of net sales, with sales to newer customers accounting for approximately 30 percent, or $45.2 million.  Of these newer customers, two were at approximately 16 percent and 11... More