Flex Ltd. Provides Earnings Guidance for the Quarter Ending March 31, 2022 and Year Ending March 31, 2023
January 27, 2022 at 02:41 am IST
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Flex Ltd. provided earnings guidance for the quarter ending March 31, 2022 and year ending March 31, 2023. For the quarter, the company expected revenue of $6.2 billion to $6.6 billion. GAAP Operating Income of $215 million to $255 million. GAAP EPS of $0.32 to $0.37.
For the year, the company expected revenue of $25.4 billion to $25.8 billion. GAAP EPS of $1.90 to $1.95
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Flex Ltd. is engaged in providing a portfolio of manufacturing solutions and services. The Company operates through three segments: Flex Agility Solutions (FAS), and Flex Reliability Solutions (FRS). The FAS segment is comprised of various end markets, such as Communications, Enterprise, and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure; Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio; and Consumer Devices, including mobile and high velocity consumer devices. The FRS segment consists of end markets, such as Automotive, including mobility, autonomous, connectivity, electrification, and smart technologies; Health Solutions, including medical devices, medical equipment, and drug delivery; and Industrial, including capital equipment, industrial devices, and renewables and grid edge.