Flex Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended September 29, 2023
October 25, 2023 at 04:10 pm EDT
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Flex Ltd. reported earnings results for the second quarter and six months ended September 29, 2023. For the second quarter, the company reported sales was USD 7,471 million compared to USD 7,766 million a year ago. Net income was USD 228 million compared to USD 232 million a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 0.5 a year ago.
For the six months, sales was USD 14,807 million compared to USD 15,113 million a year ago. Net income was USD 414 million compared to USD 421 million a year ago. Diluted earnings per share from continuing operations was USD 0.92 compared to USD 0.91 a year ago.
Flex Ltd. is engaged in providing a portfolio of manufacturing solutions and services. The Company operates through three segments: Flex Agility Solutions (FAS), and Flex Reliability Solutions (FRS). The FAS segment is comprised of various end markets, such as Communications, Enterprise, and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure; Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio; and Consumer Devices, including mobile and high velocity consumer devices. The FRS segment consists of end markets, such as Automotive, including mobility, autonomous, connectivity, electrification, and smart technologies; Health Solutions, including medical devices, medical equipment, and drug delivery; and Industrial, including capital equipment, industrial devices, and renewables and grid edge.
FLEX LTD. 
