AUSTIN, TX – Flex announced $26.4 billion in net sales for its fiscal year, a year-over-year decrease of 7.4%.

For the fourth quarter, the company's sales of $6.2 billion were down 11.4% compared to the same quarter last year.

"We delivered another quarter and fiscal year of solid performance, including strong margin expansion and EPS growth," said CEO Revathi Advaithi. "Our results show that we can effectively navigate through the cycle and increase value to our stakeholders."

Looking ahead, the company projects $5.6 billion to $6.2 billion in revenue for the first quarter, and revenue of $25.4 billion to $26.4 billion for the full year.