Flextronics International Ltd. announced unaudited consolidated earnings results for third quarter and nine months ended December 31, 2014. For the quarter, the company's net sales were $7,025,054,000 compared with $7,183,442,000 a year ago. Operating income was $192,664,000 compared with $174,043,000 a year ago. Net income was $152,899,000 or $0.26 per share compared with $145,157,000 or $0.23 per share a year ago. Non-GAAP operating income was $206,883,000 compared with $187,154,000 a year ago. Income before income taxes was $170,517,000 compared with $153,725,000 a year ago. Non-GAAP provision for income taxes was $17,842,000 compared with $8,568,000 a year ago. Non-GAAP net income was $174,939,000 or $0.30 per share compared with $163,843,000 or $0.26 per share a year ago. Adjusted operating income was $207,000 compared with $187,000 a year ago. For the three-month period ended December 31, 2014, Free Cash Flow was $337 million consisting of GAAP net cash flows from operating activities of $363 million less purchases of property and equipment net of dispositions of $26 million.

The company reported year-to-date free cash flow at $505 million.

For the fourth quarter ending March 31, 2015, revenue is expected to be in the range of $6.0 to $6.4 billion and adjusted EPS is expected to be in the range of $0.23 to $0.27 per diluted share. GAAP earnings per share are expected to be lower than the guidance provided herein by approximately $0.04 per diluted share for intangible amortization and stock-based compensation expense. CapEx target for fiscal 2015 is in the range of $300 million. Free cash flow will be greater than $600 million for fiscal 2015.