Flex Reports Q3 net sales reaches high end of guidance

Sketch-to-scaleâ„¢ solutions company Flex (NASDAQ: FLEX) said its net sales for the third quarter ended December 31, 2015 were approximately USD6.8 billion, at the high end of its previously provided revenue guidance range of USD6.2 billion to USD6.8 billion.

The company´s adjusted earnings per diluted share of USD0.35 was above the company´s previously provided guidance range of USD0.28 to USD0.34 and represents the all-time highest quarterly adjusted EPS for the company.

Third quarter adjusted operating income increased 20 percent sequentially, and 14 percent year-over-year, to USD236 million and was above the guidance range of USD195 to USD235 million. Adjusted operating margin expanded 40 basis points sequentially, and 60 basis points year-over-year, to 3.5 percent.

Flextronics International is a leading sketch-to-scaleâ„¢ solutions company that designs and builds intelligent products for a connected world.