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Last $20.47 USD
Change Today +0.57 / 2.86%
Volume 226.9K
MFLX On Other Exchanges
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

multi-fineline electronix in (MFLX) Snapshot

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04/17/15 - $21.32
52 Week Low
10/28/14 - $8.11
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multi-fineline electronix in (MFLX) Details

Multi-Fineline Electronix, Inc. engages in the engineering, design, and manufacture of flexible printed circuit boards and related component assemblies for the electronics industry. The company offers integrated flexible printed circuits and component assembly solutions, such as design and application engineering, prototyping, high-volume fabrication, component assembly, and testing. It serves original equipment manufacturer and electronic manufacturing service providers in the electronics industry for a range of applications, including smartphones, tablets, computer/data storage products, portable bar code scanners, personal computers, wearables, and other consumer electronic devices. The company primarily operates in the United States, China, Singapore, Malaysia, Korea, and the United Kingdom. Multi-Fineline Electronix, Inc. was founded in 1984 and is based in Irvine, California.

6,290 Employees
Last Reported Date: 02/13/15
Founded in 1984

multi-fineline electronix in (MFLX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $165.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $99.8K
Executive Vice President and Managing Directo...
Total Annual Compensation: $94.3K
Executive Vice President, General Counsel and...
Total Annual Compensation: $85.0K
Executive Vice President of Business Developm...
Total Annual Compensation: $85.6K
Compensation as of Fiscal Year 2014.

multi-fineline electronix in (MFLX) Key Developments

Multi-Fineline Electronix, Inc. Provides Preliminary Earnings Guidance for the First Quarter Ended March 31, 2015

Multi-Fineline Electronix, Inc. provides preliminary earnings guidance for the first quarter ended March 31, 2015. For the quarter, the company expects net sales in the first quarter of calendar 2015 to be between $145 to $150 million, at the mid to high end of the company's guidance range of $130 to $160 million.  This represents an approximate 25% increase from the prior year first calendar quarter's net sales of $117.8 million.  Gross margin for the first quarter of calendar 2015 is anticipated to be above the company's guidance, between 12% and 13%, compared to gross margin negative of 11.0% for the first calendar quarter of 2014. The company's large customer is anticipated to account for 65% of expected net sales and the company's newer customers to contribute 30%.

Multi-Fineline Electronix, Inc. Announces Resignation of Tom Liguori as Executive Vice President and Chief Financial Officer, Effective May 15, 2015

Multi-Fineline Electronix, Inc. announced that Tom Liguori, Executive Vice President and Chief Financial Officer has resigned his position with the company to pursue another career opportunity. Mr. Liguori will continue as Chief Financial Officer through May 15, 2015 to facilitate an orderly transition of his responsibilities. The company intends to initiate a comprehensive process to fill the Chief Financial Officer position.

Multi-Fineline Electronix, Inc. Announces Executive Changes

Multi-Fineline Electronix, Inc. announced the appointment of Hong Wai Chan, 53, to the company's Board of Directors as a non-independent director. He replaces Benjamin Duster IV who stepped down from the Board so that Mr. Chan would have the opportunity to serve. Hong Wai Chan served as a director of MFS Technology Ltd. since 2010, was appointed as Executive Director in December 2013 and has served as its Chief Executive Officer since February 2014. Mr. Chan was Managing Director of Manufacturing Services of WBL Corporation Limited from 2007 to 2013. Earlier in his career, he served in a number of managerial and engineering roles at companies including MMI Holdings Ltd.


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