SINGAPORE – Flex posted net sales for the fiscal first quarter 2018 of just over $6 billion, up 2.2% year-over-year.
For the period ended June 30, GAAP net income was $125 million, up nearly 18% compared to the same quarter last year. Adjusted operating income was $178 million, down 6.3%.
For the quarter, Flex generated cash from operations of approximately $138 million and free cash flow of $19 million.
For the fiscal second quarter ending Sept. 29, revenue is expected in the range of $5.9 billion to $6.3 billion.
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