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Flex Reports 2Q Fiscal 2021 Results

Second quarter fiscal year 2021 highlights included net sales of $6 billion, GAAP income before income taxes of $153 million.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Flex announced results for its second quarter ended Sept. 25, 2020. Second quarter fiscal year 2021 highlights included net sales of $6 billion, GAAP income before income taxes of $153 million, adjusted operating income of $247 million, GAAP net income of $113 million.

“Flex displayed solid execution, as we capitalized on improved demand across our varied end markets, and delivered results above our previous expectations,” said Revathi Advaithi, CEO of Flex. “Even during these uncertain times, we have shown that our long-term strategy to manage portfolio mix, drive disciplined execution, and focus on free cash flow generation, is a strong and differentiating roadmap. Looking ahead, we are confident in our ability to maintain our performance while innovating and delivering best-in-class solutions for our customers.”

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