Flex Ltd. Provides Earnings Guidance for the Fourth Quarter and Full Year of the Fiscal 2023
January 25, 2023 at 04:05 pm EST
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Flex Ltd. provided earnings guidance for the fourth quarter and full year of the Fiscal 2023. For the fourth quarter, the company expects revenue to be $7.0 billion to $7.4 billion, GAAP Operating Income to be $268 million to $298 million and GAAP EPS to be $0.37 to $0.43.
For the full year, the company expects revenue to be $29.9 billion to $30.3 billion and GAAP EPS to be $1.78 to $1.84.
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.