Last $12.12 USD
Change Today +0.05 / 0.41%
Volume 20.4K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

multi-fineline electronix in (MFLX) Snapshot

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09/23/13 - $17.43
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multi-fineline electronix in (MFLX) Details

Multi-Fineline Electronix, Inc. is engaged in the engineering, design, and manufacture of flexible printed circuit boards and related component assemblies for the electronics industry. The company offers integrated flexible printed circuits and component assembly solutions, such as design and application engineering, prototyping, high-volume fabrication, component assembly, and testing. It serves original equipment manufacturer and electronic manufacturing service providers in the electronics industry for applications, including mobile phones and smart phones, tablets, personal computers, consumer products, portable bar code scanners, computer/data storage, and medical devices. The company primarily operates in the United States, China, Singapore, Malaysia, Korea, and the United Kingdom. Multi-Fineline Electronix, Inc. was founded in 1984 and is headquartered in Irvine, California.

9,150 Employees
Last Reported Date: 11/13/13
Founded in 1984

multi-fineline electronix in (MFLX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $631.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $385.7K
Executive Vice President of Global Operations
Total Annual Compensation: $314.3K
Executive Vice President, General Counsel and...
Total Annual Compensation: $311.8K
Executive Vice President of Business Developm...
Total Annual Compensation: $366.3K
Compensation as of Fiscal Year 2013.

multi-fineline electronix in (MFLX) Key Developments

Multi-Fineline Electronix, Inc. Announces the Election of Sam Yau as Director

Multi-Fineline Electronix, Inc. announced that at the annual general meeting held on March 5, 2014, considered and approved the election of Sam Yau as Director.

Multi-Fineline Electronix, Inc. Announces Restructuring Plan ; Provides Capital Expenditure Guidance for the Second and Third Quarters of Fiscal 2014 ; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014

Multi-Fineline Electronix, Inc. announced its restructuring plan which is designed to return the company to profitability. Following a full review of its manufacturing footprint and in an effort to realign its manufacturing capacity and costs with expected revenues, MFLEX is consolidating its production facilities to reduce the total manufacturing floor space by approximately one-third. The company's assembly operation in Chengdu, China, along with its two satellite manufacturing facilities in Suzhou, China, will be consolidated into MFLEX's two main manufacturing plants, MFC2 and MFC3, in Suzhou. In addition, the company expects to close its engineering and research & development subsidiary in Cambridge, United Kingdom. These changes are expected to be completed by the end of June and the idled production equipment and vacated buildings owned by the company will be listed for sale. The company provided capital expenditure guidance for the second and third quarters of fiscal 2014. The company anticipates incurring up to a total of $14 million of capital expenditures for building improvements in the fiscal second and third quarters. The company anticipated a return to profitability, excluding special charges, in the 2014 fiscal fourth quarter and to exit the year with strong operating cash flow.

Multi-Fineline Electronix, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2013; Provides Earnings Guidance for the Second Quarter of Fiscal 2014

Multi-Fineline Electronix, Inc. reported earnings results for the first quarter ended December 31, 2013. For the quarter, the company has net loss of $9.28 million, or $0.39 loss per share, compared to a net income of $8.35 million, or $0.35 per share, for the same quarter ended December 31, 2012. Net sales for the first quarter ended December 31, 2013 were $211.67 million, compared to $289.65 million for the same quarter ended December 31, 2012. For the second quarter of fiscal 2014, the company expects net sales to range between $120 million to $135 million.


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