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Jun 26, 2020
Flex Q1 2021 Earnings Report
Flex team delivered strong results in Q1, overcoming the challenges presented by the COVID-19 pandemic.
Key Takeaways
Flex reported strong Q1 results, overcoming challenges from the COVID-19 pandemic. The company made progress on its long-term strategy and drove efficiencies and reduced costs.
Flex team delivered strong results in Q1.
The company overcame the challenges presented by the COVID-19 pandemic.
The company continues to make progress on its long-term strategy.
The company made solid progress on driving efficiencies and reducing costs during the quarter.
Flex
Flex
Forward Guidance
The company anticipates a sequential recovery for all of its end markets in the second quarter of fiscal 2021, however it expects overall revenue to be under pressure due to the uncertainty of the crisis. The company will continue to make sequential improvements in profitability and adjusted earnings per share.
Positive Outlook
- Anticipate a sequential recovery for all of our end markets in the second quarter of fiscal 2021
- Continue to make sequential improvements in profitability
- Continue to make sequential improvements in adjusted earnings per share
Challenges Ahead
- Expect overall revenue to be under pressure due to the uncertainty of the crisis.