Flex Ltd. Reports Earnings Results for the Third Quarter Ended December 31, 2019
January 31, 2020 at 02:47 am IST
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Flex Ltd. announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced sales was USD 6,461.387 million compared to USD 6,922.827 million a year ago. Net income was USD 111.388 million compared to net loss of USD 45.169 million a year ago. Diluted earnings per share was USD 0.22 compared to diluted loss per share of USD 0.09 a year ago.
For the nine months, sales was USD 18,725.380 million compared to USD 19,984.387 million a year ago. Net income was USD 39.320 million compared to USD 157.751 million a year ago. Diluted earnings per share was USD 0.08 compared to USD 0.3 a year ago.
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.
FLEX LTD. 
