Business
Flex Hosts Virtual Investor Day; Reaffirms Fiscal Fourth Quarter and Fiscal Year 2022 Guidance
SAN JOSE, Calif., March 30, 2022 /PRNewswire/ -- Flex (NASDAQ: FLEX) reaffirms its financial guidance for the fiscal fourth quarter and fiscal year 2022,
About this update from Flex Ltd.
[{"type":"text","content":"SAN JOSE, Calif., March 30, 2022 /PRNewswire/ -- Flex (NASDAQ: FLEX) reaffirms its financial guidance for the fiscal fourth quarter and fiscal year 2022, previously announced on January 26th, 2022, in conjunction with its virtual investor day, being held today at 1:30pm PT.\nThose wishing to participate should join the live webcast presentation, accessible on the Flex Investor Relations (IR) website located at investors.flex.com.\nWhat: 2022 Virtual Investor & Analyst DayWhen: Wednesday, March 30th, 2022, at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern TimeWhere: https://investors.flex.com/home/default.aspx\nFourth Quarter Guidance For the fourth quarter of fiscal year 2022, the company continues to expect:\nRevenue in-line with the previous guidance range of $6.2 – $6.6 billionGAAP EPS between $0.32 – $0.37Adjusted EPS in-line with the previous guidance range of $0.41 – $0.46 which excludes $0.05 for stock-based compensation expense and $0.04 for net intangible amortization included in GAAP earnings per shareFiscal Year 2022 GuidanceFor the fiscal year 2022 guidance, the company continues to expect:\nRevenue in-line with the previous guidance range of $25.4 – $25.8 billionGAAP EPS between $1.90 – $1.95Adjusted EPS in-line with the previous guidance range of $1.85 – $1.90 which excludes $0.19 for stock-based compensation expense and $0.12 for net intangible amortization offset by ($0.36) for other gains, net of restructuring costs, primarily related to $0.31 non-cash income from a favorable operational tax ruling recorded in Q2FY22 included in GAAP earnings per shareAbout Flex Ltd.Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.\nForward-Looking StatementsThis press release contains forward-looking statements within the meaning of U.S. securities laws, including: statements related to future expected revenues and earnings per share. These forward-looking statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking st...