Flex Ltd. Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 28, 2021 at 02:01 pm
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Flex Ltd. announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced sales was USD 6,720 million compared to USD 6,461 million a year ago. Net income was USD 208 million compared to USD 111 million a year ago. Basic earnings per share from continuing operations was USD 0.41 compared to USD 0.22 a year ago. For the nine months, sales was USD 17,858 million compared to USD 18,725 million a year ago. Net income was USD 373 million compared to USD 39 million a year ago. Basic earnings per share from continuing operations was USD 0.74 compared to USD 0.08 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. 
