SAN JOSE, CA – Flex reported fiscal fourth quarter net sales of $6.4 billion, up 9% year-over-year.

GAAP net loss was $20 million, compared to GAAP net income of $87 million in the quarter ended Mar. 31, 2017. Adjusted operating income was $200 million, a decrease of 2.4% year-over-year.

Flex ended the fiscal quarter with approximately $1.5 billion of cash on hand and total debt of approximately $2.9 billion.

Net sales for the fiscal year ended Mar. 31 were $25.4 billion, an increase of 6.6% compared to fiscal 2017. Net income for the fiscal year was $429 million, up 34%.

Flex generated cash from operations of $323 million and $754 million for the three and twelve-month periods ended Mar. 31, respectively.

“Fiscal 2018 marked a return to revenue growth for Flex and highlighted how our strategy of pursuing portfolio evolution and investing in our sketch-to-scale capabilities is driving revenue momentum as we enter fiscal 2019," said Mike McNamara, CEO at Flex.

For the first quarter ending June 29, revenue is expected to be in the range of $6.3 billion to $6.7 billion.