Flex (FLEX) Tops Q1 EPS by 6c; Offers FY22 Guidance

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FLEX REPORTS FIRST QUARTER FISCAL 2023 RESULTS

July 27, 2022 4:05 PM EDT

SAN JOSE, Calif., July 27, 2022 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its first quarter ended July 1, 2022.

First Quarter Fiscal Year 2023 Highlights:

Net Sales: $7.3 billionGAAP Operating Income: $272 millionAdjusted Operating Income: $330 millionGAAP Net Income Attributable to Flex Ltd.: $189 millionAdjusted Net Income: $255 millionGAAP Earnings Per Share: $0.40Adjusted Earnings Per Share: $0.54

An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented... More