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Mar 31, 2020
Flex Q4 2020 Earnings Report
Announced fourth quarter and fiscal year 2020 results, showing resilience amidst COVID-19 impact.
Key Takeaways
Flex reported its Q4 and Fiscal Year 2020 results, navigating the challenges posed by the COVID-19 pandemic. The company focused on portfolio shifts, disciplined execution, cost management, free cash flow generation, and prudent capital management.
Company's fourth quarter results were negatively impacted by the ongoing COVID-19 global pandemic, and the resulting supply chain and demand disruptions.
Company continued to take proactive actions to protect employee safety, mitigate work stoppages, support customers and suppliers, and strengthen liquidity.
Company is electing to suspend quarterly guidance for the June quarter and is unable to provide detailed fiscal year 2021 guidance at this time.
Company expects June quarter sales to decline by a high-single to low-double digits percentage sequentially, due to the ongoing impact of COVID-19.
Forward Guidance
Due to the material impact from the COVID-19 pandemic, the company is suspending quarterly guidance for the June quarter and is unable to provide detailed fiscal year 2021 guidance at this time. The Company expects June quarter sales to decline by a high-single to low-double digits percentage sequentially, due to the ongoing impact of COVID-19.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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