Last $10.98 USD
Change Today -0.02 / -0.18%
Volume 3.0M
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As of 12:19 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

flextronics intl ltd (FLEX) Snapshot

Open
$11.05
Previous Close
$11.00
Day High
$11.13
Day Low
$10.98
52 Week High
07/1/14 - $11.49
52 Week Low
12/13/13 - $7.01
Market Cap
6.5B
Average Volume 10 Days
2.8M
EPS TTM
$0.83
Shares Outstanding
588.2M
EX-Date
--
P/E TM
13.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for FLEXTRONICS INTL LTD (FLEX)

flextronics intl ltd (FLEX) Details

Flextronics International Ltd. provides design, manufacturing, and supply chain services to original equipment manufacturers worldwide. The company offers innovation services, such as innovations labs that provide global functional leadership; innovation café, which provides joint collaboration and development; LabIX, a startup accelerator program; and centers of excellence that includes human machine interface, wireless and connectivity, sensors and actuators, power and battery management, smart software, flexible technology, and computing and materials. It 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, and component level development engineering; and systems assembly and manufacturing services, such as enclosures, testing, materials procurement, and inventory management. In addition, the company provides component product solutions, including rigid and flexible printed circuit board fabrication, and power supplies; after-market supply chain logistics services; and reverse logistics and repair services, such as returns management, exchange programs, complex repair, asset recovery, recycling and e-waste management for consumer and midrange products, printers, smart phones, consumer medical devices, notebooks, PC's, set-top boxes, game consoles, and infrastructure products. The company serves medical, automotive, defense, aerospace, mobile devices, consumer electronics, computing, household appliances, semi-cap equipment, kiosks, energy, emerging, telecommunications infrastructure, data networking, connected home, and server and storage industries. Flextronics International Ltd. was founded in 1990 and is based in Singapore.

flextronics intl ltd (FLEX) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.3M
Chief Financial Officer
Total Annual Compensation: $924.7K
President of Global Operations & Components
Total Annual Compensation: $929.4K
President of High Reliability Solutions
Total Annual Compensation: $625.0K
Executive Vice President and General Counsel
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2014.

flextronics intl ltd (FLEX) Key Developments

Flextronics Announces Universal Box Build System

Flextronics announced that it has pioneered the Universal Box Build (UBB) system, a fully-automated, equipment outfitted with Internet of Things (IoT) connectivity via smart sensors, actuators and cameras. Developed by its Advanced Engineering Group (AEG), the UBB automation solution assembles large format products such as servers, switches, and storage systems. This revolutionary equipment improves productivity and efficiency on the factory floor, shortens time-to-manufacturing and yields more quality output. The UBB machine is scalable and easy to replicate globally due to its modular structure and ease of configuration. Data from UBB includes attributes such as placement accuracy of various components (e.g. heat-sink, CPU, drives, etc.) will be made available real-time to provide rapid analytics that can be viewed by up-stream processes such as product design teams as well as down-stream actions needed to improve visibility for supply chain continuity for customers.

Flextronics International Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 27, 2014; Provides Earnings Guidance for the Second Quarter Ending September 26, 2014; Provides Capital Investment Guidance for the Fiscal 2015

Flextronics International Ltd. reported unaudited consolidated earnings results for the first quarter ended June 27, 2014. For the quarter, the company reported net sales of $6,642,745,000 compared to $5,791,125,000 a year ago. Operating income was $171,508,000 compared to $87,416,000 a year ago. Income before income taxes was $189,929,000 compared to $59,530,000 a year ago. Net income was $173,887,000 or $0.29 per share compared to $59,257,000 or $0.09 per share a year ago. Non-GAAP operating income was $183,190,000 compared to $136,765,000 a year ago. Non-GAAP net income was $148,344,000 or $0.25 per share compared to $112,431,000 or $0.18 per share a year ago. Capital expenditures amounted to $73 million. The company used $81 million in cash flow from operations, which was largely the result of increased investment in networking capital, coupled with a net utilization of cash from other operating items. For the second quarter ending September 26, 2014, revenue is expected to be in the range of $6.2 billion to $6.6 billion and adjusted EPS is expected to be in the range of $0.22 to $0.26 per diluted share. GAAP earnings per share are expected to be lower than the guidance provided herein by approximately $0.03 per diluted share for intangible amortization and stock-based compensation expense. Adjust operating income is expected to be in the range of $165 million to $190 million, or $177.5 million at the midpoint. The company believes that free cash flow generation in the September quarter will be in the range of $200 million. For the fiscal 2015, the company expects that the capital investment target remains in the range of $300 million to $350 million.

Flextronics Seeks Acquisitions

Flextronics International Ltd. (NasdaqGS:FLEX) will seek acquisitions. Mike McNamara, Chief Executive Officer said, "Our double-down segment, as you know, is to keep driving automotive and medical. And if we do have those M&A opportunities available, it's likely that you'll see them in those two areas, where we can further cement our leading position. Because we believe both the medical and automotive today we're way in the lead of terms of revenue capability across a broad spectrum of different technology. So that's the place that we would go and double down on and continue to invest in.

 

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