Flex provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages.
The Company also provides design and engineering services, including contract design and joint development manufacturing services, which cover various technical competencies, such as system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, component level development engineering, systems assembly and manufacturing services.
Type
Public
HQ
Singapore, SG
Founded
1969
Size (employees)
200,000 (est)
Website
flex.com
Flex was founded in 1969 and is headquartered in Singapore, SG
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Key People/Management at Flex

Mike McNamara

Mike McNamara

CEO
Paul Baldassari

Paul Baldassari

Chief Human Resources Officer
Francois Barbier

Francois Barbier

President, Global Operations and Components
Doug Britt

Doug Britt

President, Industrial and Emerging Industries
Christopher Collier

Christopher Collier

CFO
Paul Humphries

Paul Humphries

President, High-Reliability Solutions
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Flex Office Locations

Flex has offices in Timișoara, Tab, Somaglia LO, Oostrum and in 119 other locations
Singapore, SG (HQ)
2 Changi South Lane
North Sydney, AU
16 122 Arthur St
Southbank, AU
359-361 City Rd
Althofen, AT
Niederlassung Althofen Friesacher Strasse 3
Distrito Industrial I, BR
805 Av. Solimões
Sorocaba, BR
1701 Av. da Liberdade
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Flex Financials and Metrics

Flex Revenue

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Flex's revenue was reported to be $23.86 b in FY, 2017 which is a 2.3% decrease from the previous period.
USD

Revenue (Q1, 2019)

6.4 b

Gross profit (Q1, 2019)

377.9 m

Gross profit margin (Q1, 2019), %

5.9%

Net income (Q1, 2019)

116 m

Market capitalization (14-Aug-2018)

7.2 b

Closing stock price (14-Aug-2018)

13.6

Cash (29-Jun-2018)

1.3 b

EV

8.9 b
Flex's current market capitalization is $7.2 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

26.1 b24.4 b23.9 b

Revenue growth, %

(7%)(2%)

Cost of goods sold

24.6 b22.8 b22.3 b

Gross profit

1.5 b1.6 b1.6 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019

Revenue

6.6 b6.5 b7 b5.6 b6.3 b6.8 b5.9 b6 b6.1 b6 b19 b6.4 b

Cost of goods sold

6.3 b6.2 b6.6 b5.2 b5.9 b6.3 b5.5 b5.7 b5.7 b5.6 b17.8 b6 b

Gross profit

380.8 m377.1 m408.7 m352.3 m396.9 m452.5 m406 m313.7 m416.5 m406.9 m1.2 b377.9 m

Gross profit Margin, %

6%6%6%6%6%7%7%5%7%7%7%6%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.6 b1.6 b1.6 b1.8 b

Accounts Receivable

2.7 b2.3 b2 b2.2 b

Inventories

3.6 b3.5 b3.5 b3.4 b

Current Assets

9.4 b8.7 b8.3 b8.4 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019

Cash

1.3 b1.5 b1.7 b2.3 b1.7 b1.6 b1.7 b1.5 b1.9 b1.6 b1.3 b1.3 b

Accounts Receivable

2.1 b2.5 b2.6 b2.1 b2.3 b2.2 b2.3 b

Inventories

3.5 b3.6 b3.6 b3.4 b3.6 b3.5 b3.6 b3.6 b3.5 b3.6 b3.7 b4 b

Current Assets

9 b8.9 b9.1 b9.1 b9 b9 b8.4 b8.5 b8.6 b8.6 b9.1 b9.7 b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

365.6 m600.8 m444.1 m319.6 m

Inventories

(760 m)72.7 m84.8 m85 m

Accounts Payable

1.1 b(176.9 m)(365.1 m)268.7 m

Cash From Operating Activities

1.2 b794 m1.1 b1.1 b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019

Net Income

110.9 m233.8 m382.7 m105.7 m103.2 m232.7 m124.7 m448.1 m116 m

Cash From Operating Activities

362.3 m662 m939.8 m263.9 m543.6 m1 b138.5 m431 m(671.8 m)

Purchases of PP&E

(138.3 m)(296.4 m)(418.6 m)(159.1 m)(305.9 m)(413.6 m)(124.9 m)(432.9 m)(172.2 m)

Cash From Investing Activities

(162 m)(946.4 m)(1.3 b)(111.8 m)412.8 m(579.4 m)(352.3 m)(782.9 m)471.6 m
USDY, 2018

EV/CFO

-13.2 x

Financial Leverage

4.6 x
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Flex Operating Metrics

FY, 2015FY, 2016FY, 2017

Bookings (Communications and Enterprise Compute)

$2 b

Bookings (Consumer Technologies Group)

$1 b

Bookings (Industrial and Emerging Industries)

$2 b

Countries

30 30 30
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Flex Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Advance Mold & Manufacturing
Astron Group Limited
Availmed
Avail Medical Products
BISSELL Asia Development Center (Shenzhen) Limited
Chatham International Holdings B.V.
Chengdu Flextronics Mechanical Manufacturing Co
Ciii Ltd
Ciii USA
Commercial Company in the form of a limited liability company factory “Flextronics LLC”
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Flex Revenue Breakdown

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Flex revenue breakdown by business segment: 17.4% from High Reliability Solutions, 20.8% from Industrial & Emerging Industries, 26.7% from Consumer Technologies Group and 35.1% from Communications & Enterprise Compute

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Flex Online and Social Media Presence

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Flex News and Updates

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

Inc. Magazine Names Flexport the 8th Fastest Growing Private Company in the US

SAN FRANCISCO, Aug. 15, 2018 /PRNewswire/ -- Flexport, the leading freight forwarder and logistics platform for growing brands, today has been ranked No. 8 on Inc. Magazine's 37th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. The list...

Flex to Participate in Upcoming Investor Conference

SAN JOSE, Calif., Aug. 14, 2018 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced today that it will participate in the following event during the month of September: 2018 Citi Global Technology Conference Date: September 5, 2018 Location: New York, NY Presentation Time: 11:15am PT / 2:15pm...
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Flex Company Life and Culture

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