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

Chief Executive Officer
Christopher Collier

Christopher Collier

Chief Financial Officer
Ruvi Shaibel

Ruvi Shaibel

President, Strategic Partnerships
Paul Baldassari

Paul Baldassari

Chief Human Resources Officer
Fei Liu

Fei Liu

President, Flex Asia
Scott Offer

Scott Offer

Executive Vice President & General Counsel
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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 Financials

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 (Q3, 2018)

19 b

Gross profit (Q3, 2018)

1.2 b

Gross profit margin (Q3, 2018), %

6.6%

Net income (Q3, 2018)

448.1 m

Market capitalization (31-Oct-2017)

9.5 b

Closing share price (31-Oct-2017)

17.9

Cash (31-Dec-2017)

1.3 b

EV

11.1 b
Flex's current market capitalization is $9.5 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, 2018

Revenue

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

Gross profit

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

Gross profit Margin, %

6%6%6%6%6%7%7%5%7%7%7%
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, 2018

Cash

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

Current Assets

9 b8.9 b9.1 b9.1 b9 b9 b8.4 b8.5 b8.6 b8.6 b9.1 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, 2018

Net Income

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

Cash From Operating Activities

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

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)
USDY, 2017

EV/CFO

25.7 x

Revenue/Employee

95.2 k

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
Chengdu Flextronics Mechanical Manufacturing Co
Ciii Ltd
Elementum SCM (Cayman) Ltd
Finchley Trading Limited
Flextronics Computing Mauritius Limited
Flextronics Enclosure (Zhuhai) Co.
Flextronics Enclosures (Hong Kong) Limited
Ciii USA
Flex Intelligent Technology Solutions Limited
Flex Precision Plastics Solutions (Switzerland) AG
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Flex News and Updates

Box Pouch Market size and Key Trends in terms of volume and value 2017 – 2027

Box Pouch Market size and Key Trends in terms of volume and value 2017 – 2027 Posted via Industry Today. Follow us on Twitter @IndustryToday

Flex Pack Coatings Market Analysis and Forecast Study for 2017-2027

Future Market Insights has announced the addition of the “Flex Pack Coatings Market: Global Industry Analysis and Opportunity Assessment, 2017-2027"report to their offering. Posted via Industry Today. Follow us on Twitter @IndustryToday

BRIEF-Suzhou Dongshan Precision Manufacturing To Acquire Flex Ltd's Multek

March 27 (Reuters) - Suzhou Dongshan Precision Manufacturing Co Ltd:

Artesyn Embedded Technologies, Bel Power Solutions, Flex and STMicroelectronics form Power Stamp Alliance to enable multi-vendor supply-chain ecosystem for Open Compute and Data Center Projects

At the Open Compute U.S. Summit 2018 today, four leading suppliers of power solutions announced a new alliance, the Power Stamp Alliance, to create collaborative solutions for 48V-to-low-voltage on-board DC-DC power converters. These 48V direct conversion DC-DC modules – or ‘power stamps’ – primaril…
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