Flex Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 25, 2023 at 04:05 pm
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Flex Ltd. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was USD 7,756 million compared to USD 6,619 million a year ago. Net income was USD 230 million compared to USD 227 million a year ago. Diluted earnings per share from continuing operations was USD 0.5 compared to USD 0.48 a year ago.
For the nine months, sales was USD 22,869 million compared to USD 19,190 million a year ago. Net income was USD 651 million compared to USD 769 million a year ago. Diluted earnings per share from continuing operations was USD 1.41 compared to USD 1.58 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. 
