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Jul 01, 2022
Flex Q1 2023 Earnings Report
Flex reported strong growth and record adjusted EPS.
Key Takeaways
Flex reported first quarter fiscal year 2023 results with net sales of $7.3 billion and GAAP earnings per share of $0.40. The company achieved record adjusted EPS and delivered strong growth.
Net sales were $7.3 billion.
GAAP Operating Income was $272 million.
Adjusted Operating Income was $330 million.
GAAP Earnings Per Share was $0.40.
Forward Guidance
Flex provided the following guidance for the second quarter of fiscal year 2023:
Positive Outlook
- Revenue: $7.0 billion to $7.4 billion
- GAAP Operating Income: $265 million to $295 million
- Adjusted Operating Income: $315 million to $345 million
- GAAP EPS: $0.37 to $0.43
- Adjusted EPS: $0.48 to $0.54 which excludes $0.06 for stock-based compensation expense, $0.04 for net intangible amortization, and $0.01 for Nextracker LLC series A redeemable preferred units dividends payable in kind
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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