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
Mike Dennison

Mike Dennison

President, Consumer Technologies Group
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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 (14-Jun-2018)

7.4 b

Closing share price (14-Jun-2018)

14

Cash (31-Dec-2017)

1.3 b

EV

9 b
Flex's current market capitalization is $7.4 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

20.9 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
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

Flex Pharma to cut 60 percent of workforce

June 13 (Reuters) - U.S. drug developer Flex Pharma Inc said on Wednesday it plans to reduce its workforce by 60 percent, as part of a restructuring, and was ending certain ongoing mid-stage trials.

How VxRack Flex is bringing scalability to hyperconverged infrastructure

Why do-it-yourself if you don’t have to? The trend is for faster, simpler and more flexible as the nuts and bolts of system architecture become buried deeper and deeper under the hood. “We’ve quickly determined we can drive much better customer experience, much better customer outcomes as we lean mo…

Flex Ltd: Oversold

Flex Fuel Engines Global Market 2018 Key Players,Share, Trend, Segmentation And Forecast To 2025

Market Analysis Research Report On “Global Flex Fuel Engines Market 2018 Industry Growth, Size, Trends, Share, Opportunities And Forecast To 2025” To Their Research Database. Posted via Industry Today. Follow us on Twitter @IndustryToday
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