OverviewSuggest Edit

Flex is a company that provides design, engineering, manufacturing, and supply chain services and solutions. It operates in 4 segments: High Reliability Solutions (HRS), Industrial and Emerging Industries (IEI), Communications & Enterprise Compute (CEC), and Consumer Technologies Group (CTG). The HRS segment is comprised of our health solutions business, including surgical equipment, drug delivery, diagnostics, telemedicine, disposable devices, imaging and monitoring, patient mobility and ophthalmology; and our automotive business, including vehicle electrification, connectivity, autonomous, and smart technologies. The IEI segment provides metering infrastructure, energy storage, smart lighting, and smart solar energy solutions, semiconductor and capital equipment, office solutions, household industrial and lifestyle products, industrial automation and kiosks. The CEC segment radio access base stations, remote radio heads and small cells for wireless infrastructure, optical, routing, and switching products for data and video networks, server and storage platforms for both enterprise and cloud-based deployments, storage and security appliance products, rack-level solutions, converged infrastructure, and software-defined product solutions. The CTG segment offers IoT enabled devices, audio and consumer power electronics, mobile devices, and various supply chain solutions for consumer, computing, and printing devices.
TypePublic
Founded1969
HQSan Jose, US
Websiteflex.com
Employee Ratings3.7
Culture scoreC+

Latest Updates

Employees (est.) (Mar 2019)200,000
Job Openings237
Revenue (FY, 2020)$24.2 B(-7%)
Share Price (May 2020)$9.7 (-2%)

Key People/Management at Flex

Revathi Advaithi

Revathi Advaithi

Chief Executive Officer and Director
Kevin Kettler

Kevin Kettler

Chief Technology Officer
Christopher Collier

Christopher Collier

Chief Financial Officer
Phil Ulrich

Phil Ulrich

Chief Human Resources Officer
Gus Shahin

Gus Shahin

Chief Information Officer
Michael Hartung

Michael Hartung

President, Agility Solutions
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Flex Office Locations

Flex has offices in San Jose, Austin, Buffalo Grove, Columbus and in 90 other locations
San Jose, US (HQ)
6201 America Center Dr, Alviso
Austin, US
12455 Research Blvd
Austin, US
9500 Metric Blvd
Buffalo Grove, US
700 Corporate Grove Dr
Columbus, US
4400 Easton Cmns #125
Coopersville, US
323 Skeels St
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Flex Financials and Metrics

Flex Revenue

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View revenue for all periods
Flex's revenue was reported to be $24.21 b in FY, 2020
USD

Revenue (FY, 2020)

24.2b

Gross profit (FY, 2020)

1.5b

Gross profit margin (FY, 2020), %

6.3%

Net income (FY, 2020)

87.6m

Market capitalization (29-May-2020)

4.9b

Closing stock price (29-May-2020)

9.7

Cash (31-Mar-2020)

1.9b

EV

6.3b
Flex's current market capitalization is $4.9 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

24.4b23.9b25.4b26.2b24.2b

Revenue growth, %

(7%)(2%)7%3%

Cost of goods sold

22.8b22.3b23.8b24.7b22.7b

Gross profit

1.6b1.6b1.7b1.5b1.5b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

5.9b6.0b6.1b6.0b6.3b6.8b6.4b6.7b6.9b6.2b6.1b6.5b

Cost of goods sold

5.5b5.7b5.7b5.6b5.9b6.3b6.0b6.3b6.6b5.8b5.9b6.0b

Gross profit

406.0m313.7m416.5m406.9m393.3m446.3m377.9m402.3m357.3m352.8m189.1m444.1m

Gross profit Margin, %

7%5%7%7%6%7%6%6%5%6%3%7%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

1.6b1.8b1.5b1.7b1.9b

Accounts Receivable

2.0b2.2b2.5b2.6b2.4b

Inventories

3.5b3.4b3.8b3.7b3.8b

Current Assets

8.3b8.4b9.2b9.1b9.1b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.7b1.5b1.9b1.6b1.4b1.3b1.3b1.4b1.5b1.9b1.8b1.8b

Accounts Receivable

2.1b2.3b2.2b2.3b2.6b3.1b2.9b2.9b2.9b2.6b2.4b3.0b

Inventories

3.6b3.6b3.5b3.6b3.8b3.7b4.0b4.4b3.9b3.7b3.7b3.7b

Current Assets

8.4b8.5b8.6b8.6b8.9b9.1b9.7b10.0b9.5b9.4b9.5b9.4b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

444.1m319.6m428.5m93.4m87.6m

Depreciation and Amortization

515.4m609.7m555.4m765.0m325.6m

Inventories

84.8m85.0m(354.3m)(360.2m)(66.5m)

Accounts Payable

(365.1m)268.7m623.1m68.1m(14.6m)
USDY, 2020

EV/CFO

-4.1 x

Financial Leverage

4.8 x
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Flex Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Manufacturing Space, sq. ft.

28 m27 m

Bookings (High Reliability Solutions)

$784 m$1.05 b$1.02 b$1.30 b

Bookings (Consumer Technologies Group)

$1 b$2.10 b

Bookings (Industrial and Emerging Industries)

$2 b$2.40 b
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Flex Acquisitions / Subsidiaries

Company NameDateDeal Size
AGM AutomotiveJune 01, 2017$220 m
NEXTrackerSeptember 08, 2015$330 m
MCi (Mirror Controls International) Ltd.May 05, 2015€457 m
Stellar Microelectronics IncMarch 12, 2012
Avail Medical ProductsAugust 30, 2007
Telcom Global SolutionsAugust 23, 2001
Flextronics DesignApril 06, 2000
The Dii GroupNovember 22, 1999
Astron Group LimitedApril 21, 1999
Astron Group LtdApril 21, 1999
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Flex Revenue Breakdown

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Flex revenue breakdown by business segment: 18.4% from High Reliability Solutions, 23.6% from Industrial & Emerging Industries, 26.2% from Consumer Technologies Group and 31.8% from Communications & Enterprise Compute

Flex revenue breakdown by geographic segment: 6.9% from India, 8.3% from Brazil, 7.6% from Malaysia, 11.8% from U.S., 17.3% from Mexico, 25.4% from China and 22.6% from Other

Flex Online and Social Media Presence

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Flex Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    A+

    77/100

  • Compensation

    C+

    64/100

  • Diversity

    C-

    62/100

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Flex News and Updates

Flex Logix Partners with Quantum Leap Technical Sales To Meet Strong Demand for EFLX Embedded FPGA Throughout North America

MOUNTAIN VIEW, Calif., Aug. 22, 2018 /PRNewswire/ -- Flex Logix® Technologies, Inc. the leading supplier of embedded FPGA (eFPGA) IP, architecture and software, announced today that it has hired Quantum Leap Sales in response to growing demand for its leading eFPGA platform in North...

Flex Receives Approval And Authorization For Share Repurchases

SAN JOSE, Calif., Aug. 21, 2018 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced that it received shareholder approval to purchase up to 20% of its outstanding shares during its Annual General Meeting held on August 16, 2018. Since the beginning of the Company's share repurchase...

Ink Resins Market by Applications: Printing and publishing, Flexible packaging, Corrugated cardboards and cartons

Inquire for Ink Resins Market Competitive Analysis, Trends and Forecast till 2021, with free sample copy of the report. Posted via Industry Today. Follow us on Twitter @IndustryToday

FlexPrint Retains Elite Status in the 2018 Inc. 5000 List of Fastest Growing Companies

9 Consecutive Years of Exponential Growth Lands FlexPrint Among Rarefied Group of Private Companies in America
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Flex Blogs

教师节特辑|认识大家庭成员LorraineZhang:育人亦育我

对于Lorraine Zhang来说,“导师”这个角色是她生活中的重要组成部分,承载的意义多彩而厚重。在伟创力全球业务服务中心卓越运营部的五年时间里,她见证了许多人的成长,也成就了自我的绚烂篇章。   在教师节这个特别的节日里,让我们一起来聆听她的故事。   【育人】 桃李满天下 春晖遍四方 在伟创力大家庭里,Lorraine可谓是“流量”讲师,拥有一票忠实粉丝。她曾经主导及参与了总计超过3000小时的培训,学员多达1200人次。她还连续担任了五届 “飞鹰计划” 导师,帮助年轻同事进一步提升自我。在她看来,讲师最重要的品质是态度、知识和技能。有乐于分享的积极态度、牢固的专业知识、丰富的…

嗨翻天!GBS玩转水上嘉年华

上周五,伟创力深圳共享服务中心(GBS Shenzhen)举办了一场妙趣横生的水上运动会。6支队伍共计150余人参与了比赛,更有数百名观众在场外加油助威,现场气氛嗨翻天! 往下看,这些精彩集锦不容错过!   【水上排球战 活力无极限 】 排球这项技术性运动可谓是不小的挑战,但我们大家庭成员更是高手云集,比如六眼飞鱼队凭借身高优势和陆地排球经验很快掌握了场上的主动权。利落的起跳、配合默契的传球和接球,实力实在不容小觑。   【水上麻将局 欢乐享不停】 水上麻将考验的不仅是牌技,更是各个团队的合作精神。参赛成员们在水中你追我赶,争分夺秒地将正确的麻将牌运送到对岸,胡了!   【水上障碍…

数字化浪潮下的中国制造业风云

日前,几位记者走进伟创力,探寻数字化浪潮席卷下中国制造业的未来发展方向。 伟创力深耕中国制造业30多年,率先走上自动化转型之路,持续引领行业发展。对此,伟创力苏州苏虹厂总经理杨建元表示,经过近几年的转型升级,伟创力已逐渐从传统制造业公司成功转型成为从概念成型到规模量产(Sketch-to-Scale® )的解决方案供应商,而这一切都离不开自动化的引入。 另一方面,自主研发与创新也是伟创力着力布局的战略领域,其位于上海浦东的设计与创新中心在今年六月正式揭幕,致力于提供更高效的一站式解决方案。 在“工业4.0”的大趋势下,伟创力始终相信自动化将是中国制造业发展的必经之路。与此同时,掌握自主研发…

【伟创力招聘】正确的选择,美好的前程

伟创力中国7个区域,170多个职位,“职”等你来! 你的前程,因你正确的选择而变得美好。伟创力因你的加入,而更精彩! SHANGHAI | 上海地区   SUZHOU | 苏州地区     NANJING | 南京地区     DONGGUAN | 东莞地区     SHENZHEN | 深圳地区     ZHUHAI | 珠海地区     CHANGSHA | 长沙地区    

恭喜伟创力苏州喜提最佳雇主品牌!

上周,“2018大苏州最佳雇主颁奖盛典暨雇主品牌论坛”在苏州金鸡湖国际会议中心举行。伟创力苏州从近百家优秀企业中脱颖而出,荣获“大苏州最佳雇主奖”。此次评选过程囊括了企业员工敬业度调研、专家评审、大众评选、媒体评审、雇主品牌故事等多项维度,旨在推出最佳雇主权威榜单。 在打造雇主品牌方面,伟创力一直致力于营造家一般的文化氛围和工作环境,为每一位成员提供多元化的发展机会,同时积极履行企业社会责任,做负责任的全球公民。此次最佳雇主奖是实至名归的赞誉,也将激励我们继续向前迈进,实现与大家庭成员的共赢成长。 

伟创力儿童夏令营——给不一样的童年绘上同样的快乐

自2015年起,伟创力开始为留守儿童开办冬夏令营。今年,伟创力珠海更举办了首届山区儿童夏令营。日前,108名山区及留守儿童在珠海度过了一个快乐而有意义的暑假。在接受珠海电视台的采访时,孩子们难掩兴奋和激动,纷纷表达了自己的雀跃之情。   【不为大山压 天空在脚下】 主题为 “天空在脚下” 的首届山区儿童夏令营旨在帮助山区的孩子们开拓视野,同时启发他们学会感恩。为此,伟创力珠海为他们准备了看海、科技小发明、心灵之声、小小美食家等多项有趣又有意义的体验活动。   伟创力珠海已经成功资助了104个山区儿童。同时,公司还成立了专门的团队,开展了 “员工志愿者支教团” 、 “山区学校教师培训”…
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Flex Frequently Asked Questions

  • When was Flex founded?

    Flex was founded in 1969.

  • Who are Flex key executives?

    Flex's key executives are Revathi Advaithi, Kevin Kettler and Christopher Collier.

  • How many employees does Flex have?

    Flex has 200,000 employees.

  • What is Flex revenue?

    Latest Flex annual revenue is $24.2 b.

  • What is Flex revenue per employee?

    Latest Flex revenue per employee is $121 k.

  • Who are Flex competitors?

    Competitors of Flex include Plexus, Jabil and Benchmark.

  • Where is Flex headquarters?

    Flex headquarters is located at 6201 America Center Dr, Alviso, San Jose.

  • Where are Flex offices?

    Flex has offices in San Jose, Austin, Buffalo Grove, Columbus and in 90 other locations.

  • How many offices does Flex have?

    Flex has 121 offices.