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Mar 31, 2021
Flex Q4 2021 Earnings Report
Flex reported strong Q4 2021 results, reflecting progress on its multi-year transformation during fiscal 2021.
Key Takeaways
Flex announced its Q4 and Fiscal Year 2021 results. The company's Q4 net sales were $6.3 billion, with a GAAP net income of $240 million and an adjusted EPS of $0.49.
Net Sales: $6.3 billion
GAAP Income Before Income Taxes: $260 million
Adjusted Operating Income: $310 million
GAAP Net Income: $240 million
Flex
Flex
Forward Guidance
Flex provided its First Quarter Fiscal Year 2022 Guidance
Positive Outlook
- Revenue: $5.9 billion to $6.3 billion
- GAAP Income Before Income Taxes: $160 million to $200 million
- Adjusted Operating Income: $240 million to $280 million
- GAAP EPS: $0.26 to $0.32 which includes $0.05 for stock-based compensation expense and $0.03 for net intangible amortization
- Adjusted EPS: $0.34 to $0.40