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.
TypePublic
HQSingapore, SG
Founded1969
Size (employees)200,000 (est)
Websiteflex.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 & Components
Doug Britt

Doug Britt

President, Integrated Solutions
Christopher Collier

Christopher Collier

CFO
Paul Humphries

Paul Humphries

President, High-Reliability Solutions
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Flex Office Locations

Flex has offices in Anyang, Taipei, Lapu-Lapu, Gebze and in 126 other locations
Singapore, SG (HQ)
2 Changi South Lane
North Sydney, AU
16 122 Arthur St
Southbank, AU
359-361 City Rd
Vienna, AT
Office Park I, Top B 07/02
Manaus, 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 $25.44 b in FY, 2018 which is a 6.6% increase from the previous period.
USD

Revenue (Q1, 2019)

6.4b

Gross profit (Q1, 2019)

377.9m

Gross profit margin (Q1, 2019), %

5.9%

Net income (Q1, 2019)

116.0m

Market capitalization (15-Oct-2018)

6.4b

Closing stock price (15-Oct-2018)

12.0

Cash (29-Jun-2018)

1.3b

EV

8.0b
Flex's current market capitalization is $6.4 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

26.1b24.4b23.9b25.4b

Revenue growth, %

(7%)(2%)7%

Cost of goods sold

24.6b22.8b22.3b23.8b

Gross profit

1.5b1.6b1.6b1.7b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019

Revenue

6.6b6.5b7.0b5.6b6.3b6.8b5.9b6.0b6.1b6.0b19.0b6.4b

Cost of goods sold

6.3b6.2b6.6b5.2b5.9b6.3b5.5b5.7b5.7b5.6b17.8b6.0b

Gross profit

380.8m377.1m408.7m352.3m396.9m452.5m406.0m313.7m416.5m406.9m1.2b377.9m

Gross profit Margin, %

6%6%6%6%6%7%7%5%7%7%7%6%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.6b1.6b1.6b1.8b1.5b

Accounts Receivable

2.7b2.3b2.0b2.2b2.5b

Inventories

3.6b3.5b3.5b3.4b3.8b

Current Assets

9.4b8.7b8.3b8.4b9.2b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019

Cash

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

Accounts Receivable

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

Inventories

3.5b3.6b3.6b3.4b3.6b3.5b3.6b3.6b3.5b3.6b3.7b4.0b

Current Assets

9.0b8.9b9.1b9.1b9.0b9.0b8.4b8.5b8.6b8.6b9.1b9.7b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

365.6m600.8m444.1m319.6m428.5m

Depreciation and Amortization

515.4m609.7m555.4m

Inventories

(760.0m)72.7m84.8m85.0m354.3m

Accounts Payable

1.1b(176.9m)(365.1m)268.7m623.1m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019

Net Income

110.9m233.8m382.7m105.7m103.2m232.7m124.7m448.1m116.0m

Cash From Operating Activities

362.3m662.0m939.8m263.9m543.6m1.0b138.5m431.0m(671.8m)

Purchases of PP&E

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

Cash From Investing Activities

(162.0m)(946.4m)(1.3b)(111.8m)412.8m(579.4m)(352.3m)(782.9m)471.6m
USDY, 2018

EV/CFO

-11.9 x

Debt/Equity

0.9 x

Debt/Assets

0.2 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: 18.7% from High Reliability Solutions, 23.5% from Industrial & Emerging Industries, 27.4% from Consumer Technologies Group and 30.4% from Communications & Enterprise Compute

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Flex Online and Social Media Presence

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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

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日前,伟创力旗下的昆山爱杰姆汽车配件有限公司组织了一场有品又有趣的户外拓展活动,大家齐聚在苏州风情牛仔俱乐部,感受别样风景,体验精彩互动。   【拓展项目连连看】 活动一开始,伟创力大家庭成员一起参与了“共绘Flex色彩,共筑未来梦”的互动。一幅幅斑斓的画面拼成了震撼人心的巨制,更表达了伟创力大家庭成员所坚持、所向往的未来。   在随后的拓展项目中,大家充分展现了团队智慧和协作精神。挑战卓越圈,看队员们大展身手,灵活通过。击响同心鼓,10人为一组协力执绳将鼓面的球颠起来,此起彼伏的“咚咚”声让人倍感振奋,正应了项目的名字——“鼓舞人生”。极速60秒,看每个人脑洞大开,玩转数字密码。龙舟竞技…

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Flex Company Life and Culture

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