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Dec 31, 2019
Flex Q3 2020 Earnings Report
Reported record adjusted EPS, improved adjusted margins, and greater adjusted free cash flow generation.
Key Takeaways
Flex reported strong Q3 fiscal year 2020 results, with record adjusted EPS, improved adjusted margins, and greater adjusted free cash flow generation. The company ended the quarter with approximately $1.8 billion of cash on hand and reduced total debt by approximately $200.3 million sequentially to approximately $2.8 billion.
Third quarter fiscal year 2020 performance resulted in record adjusted EPS.
Improved adjusted margins were achieved.
Greater adjusted free cash flow generation was reported.
The company repurchased approximately $61 million of ordinary shares during the three-month period ended December 31, 2019.
Flex
Flex
Forward Guidance
Flex management will host a conference call today at 2:00 PM (PT) / 5:00 PM (ET), to review third quarter fiscal 2020 results.