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Last $12.14 USD
Change Today -0.12 / -0.98%
Volume 2.9M
As of 8:10 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

flextronics intl ltd (FLEX) Key Developments

NEXTracker Selects Flextronics for Volume Production of Transformational Solar Self Powered Tracker (SPT) Controllers

Flextronics has been selected by NEXTracker for high volume manufacturing of it's innovative Self-Powered Tracker (SPT) controllers. Through this partnership, Flextronics will manufacture the SPT control units at its advanced Milpitas production facility in the heart of Silicon Valley. Flextronics' extensive manufacturing expertise, coupled with adherence to stringent, industry specific quality standards, will enable NEXTracker to execute a rapid commercial rollout of SPT.

Flextronics International Ltd. Announces Unaudited Consolidated Fourth Quarter and Full Year Ended March 31, 2015; Provides Earnings Guidance First Quarter Ending June 26, 2015

Flextronics International Ltd. announced unaudited consolidated fourth quarter and full year ended March 31, 2015. For the quarter, net sales were $5,951,600,000 compared to $6,723,934,000 a year ago. Operating income was $164,204,000 compared to $137,380,000 a year ago. Income before income taxes was $155,872,000 compared to $58,595,000 a year ago. Net income was $135,112,000 or $0.23 per share compared to $42,975,000 or $0.07 per share a year ago. Non GAAP EPS was $0.27 compared to $0.24 a year ago. Non GAAP operating income was $177,654,000 compared to $181,953,000 a year ago. Non GAAP net income was $157,154,000 compared to $145,773,000 a year ago. For the year, net sales were $26,147,916,000 compared to $26,108,607,000 a year ago. Operating income was $700,867,000 compared to $548,762,000 a year ago. Income before income taxes was $670,655,000 compared to $400,454,000 a year ago. Net income was $600,801,000 or $1.02 per share compared to $365,594,000 or $0.59 per share a year ago. Non GAAP EPS was $1.08 compared to $0.89 a year ago. Non GAAP operating income was $751,137,000 compared to $664,512,000 a year ago. Non GAAP net income was $637,314,000 compared to $556,358,000 a year ago. Free cash flow was $554 million consisting of GAAP net cash flows from operating activities of $794 million less purchases of property and equipment net of proceeds from dispositions of $240 million. For the first quarter ending June 26, 2015, revenue is expected to be in the range of $5,600 to $6,200 million and adjusted EPS is expected to be in the range of $0.20 to $0.26 per diluted share. GAAP earnings per share is expected to be lower than the adjusted EPS guidance provided herein by approximately $0.04 per diluted share for intangible amortization and stockbased compensation expense.

Flextronics In Talks To Acquire Alcatel-Lucent Shanghai

Flextronics International Ltd. (NasdaqGS:FLEX) is in talks to buy Alcatel-Lucent Shanghai Bell Co., Ltd. from Alcatel-Lucent (ENXTPA:ALU). Alcatel-Lucent and its Shanghai JV declined to comment.

SunEdison And Flextronics Expand Partnership to Include Manufacturing Solar Modules For North American Market

Building on a strong partnership of approximately five years, Flextronics announced that it has once again been selected to partner with SunEdison to manufacture its solar modules - this time, in Mexico. Flextronics will begin the full volume manufacturing in the first quarter of calendar 2015 at its center of excellence for solar module manufacturing facility in Ciudad Juarez, Mexico. SunEdison chose to manufacture at Flextronics in Ciudad Juarez given the strategic location bordering the United States, just south of El Paso, with access to all major U.S. rail lines and highways for fulfillment.

Bellerophon Therapeutics, Inc. Selects Flextronics International Ltd. to Manufacture the Mark2, Next-Generation INOpulse(R) Device

Bellerophon Therapeutics Inc. announced that it has selected Flextronics International Ltd. as its manufacturing partner for the INOpulse® Mark2, the company's next-generation pulsatile nitric oxide delivery device. Bellerophon and Flextronics have entered into an agreement under which Flextronics will manufacture, repair and service the Mark2 devices to be used in Bellerophon's INOpulse clinical development programs. Flextronics will produce the INOpulse Mark2 for Bellerophon at its facility in Dallas, Texas.

 

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FLEX

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Valuation FLEX Industry Range
Price/Earnings 12.1x
Price/Sales 0.3x
Price/Book 2.9x
Price/Cash Flow 10.9x
TEV/Sales 0.1x
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