FLEX Flextronics International Ltd. featured news, full reports, and detailed charts
Flextronics International Ltd. (FLEX) Wrap Up:
We are a leading global provider of vertically-integrated advanced design and electronics manufacturing services (“EMS”) to original equipment manufacturers (“OEMs”) in the following markets: • Computing, which includes products such as desktop, handheld and notebook computers, electronic games and servers; • Mobile communication devices, which includes handsets operating on a number of different platforms such as GSM, CDMA, TDMA and WCDMA; • Consumer digital devices, which includes products such as set top boxes, home entertainment equipment, printers, copiers and cameras; • Industrial, Semiconductor and White Goods, which includes products such as home appliances, industrial meters, bar code readers and test equipment; • Automotive, Marine and Aerospace, which includes products such as navigation instrume ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f05%2f29%2f0001035704-07-000431.html#FIS_BUSINESS"Flextronics International Ltd. (FLEX:NASDAQ)
Snapshot of Flextronics International Ltd. (FLEX)
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OPEN
$7.02
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PREVIOUS CLOSE
$7.20
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DAY HIGH
$7.24
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DAY LOW
$7.02
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52 WEEK HIGH
10/14/09 - $7.97
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52 WEEK LOW
11/20/08 - $1.23
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MARKET CAP
5.8B
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AVERAGE VOLUME 3 mo
7.6M
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
812.3M
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FLEX Does Not Pay Dividends
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P/E TTM
NM
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related news
FLEX Top Compensated Officers
Executives, Board Directors
Key developments for Flextronics International Ltd. (FLEX)
Flextronics International Ltd. reported unaudited consolidated earnings results for the second quarter ended October 2, 2009. For the quarter, net sales were $5.8 billion, an increase of 1%, compared to net sales of $5.78 billion for the first quarter ended July 3, 2009. The company reported operating income of $123.15 million, loss before income taxes of $29.65 million and net income of $19.66 or $0.02 per share compared to operating income of $9.57 million, loss before income taxes of $158.04 million and net loss of $154.04 or $0.19 per share for the same period a year ago. Adjusted operating income was $149 million, an increase of 66% compared to the first quarter adjusted operating income of $90.2 million. Adjusted net income was $104 million and adjusted EPS was $0.13 compared to $63.11 million and $0.08, respectively, for the prior quarter. The company generated $312 million of operating cash flow and $270 million of free cash flow compared to $106.86 million of operating cash flow and $68.23 million of free cash flow reported for the prior quarter. Net debt was further reduced in the quarter by $483 million to $587 million. Net debt has decreased by approximately $1.1 billion from one year ago. The company reported purchase of property & equipment, net of dispositions of $41.53 million compared to $38.63 million reported a year ago. For the third quarter ending December 31, 2009, revenue is expected to be in the range of $6.0 billion to $6.4 billion and adjusted EPS is expected to be in the range of $0.14 to $0.16 per share. GAAP earnings per share are expected to be lower than the guidance provided herein by approximately $0.07 per diluted share for estimated restructuring activities, quarterly intangible amortization, stock-based compensation expense and non-cash interest expense. During the second quarter, the company recognized $4 million of non-cash asset impairment charges.
Flextronics International Ltd. expected to Report Q3 2010 Results on January 27, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).
Flextronics International Ltd. provided earnings guidance for the full year of fiscal 2010. The company expects cap expenditure that for the year, roughly $200.0 million. It's currently under spending that but the company would anticipate that for the fiscal year.
FLEX Competitors
| Company | Last | Change |
| Kawasaki Heavy Industries Ltd | ¥202.00 JPY | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | FLEX | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.2x |
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| Price/Book | 3.2x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.1x |
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FLEX |
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FLEX transactions
| Type Date |
Target |
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Merger/Acquisition
October 21, 2009 |
Slomedical s.r.o. |
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Merger/Acquisition
September 16, 2009 |
Aricent, Inc. |
More Recent News About Flextronics International Ltd.
More news for FLEX
Flextronics International F2Q10 (Qtr End 10/02/09) Earnings Call Transcript
Flextronics International (FLEX) F2Q10 Earnings Call October 26, 2009 5:00 pm ET Executives Warren Ligan - Senior Vice President, Investor Relations Paul Read - Chief Financial Officer Michael M. McNamara - Chief Executive Officer Analysts Jim Suva - Citigroup Sherri Scribner - Deutsche Bank William Stein - Credit Suisse Louis Miscioscia - Brigantine Advisors Alexander Blanton - Ingalls & Snyder Matthew Sheerin - Thomas Weisel Partners Brian White - Ticonderoga Securities Brian Alexander - Raymond James Sean Hannan - Needham & Company Steven Fox - Calyon Securities (USA) Shawn Harrison - Longbow Research Presentation Operator Welcome to the Flextronics International second quarter fiscal year 2010 Earnings Call. (Operator Instructions) At this time for opening remarks and introductions, I would like to turn the call over to Mr. Warren Ligan, Flextronics' Senior Vice President and Investor Relations and Treasury. Warren Ligan Welcome to Flextronics' conference call today to discuss our results of our fiscal 2010 second quarter ended October 2, 2009. On the call today is our Chief Executive Officer, Mike McNamara and our Chief Financial Officer, Paul Read. The presentation that corresponds to our comments today is posted on the investor section of our Web site under Calls and Presentations. We will refer to each slide number as we move through the presentation. During the call today, Paul will review our financial results and Mike will comment on the business environment and demand trends for our company. Mike will co...Click here to read the whole Article (external link)
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FLEXTRONICS INTERNATIONAL LTD. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Unless otherwise specifically stated, references in this report to "Flextronics," "the Company," "we," "us," "our" and similar terms mean Flextronics International Ltd. and its subsidiaries. This report on Form 10-Q contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. The words "expects," "anticipates," "believes," "intends," "plans" and similar expressions identify forward-looking statements. In addition, any statements which refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. We undertake no obligation to publicly disclose any revisions to these forward-looking statements to reflect events or circumstances occurring subsequent to filing this Form 10-Q with the Securities and Exchange Commission. These forward-looking statements are subject to risks and uncertainties, including, without limitation, those discussed in this section, as well as in Part II, Item 1A, "Risk Factors" of this report on Form 10-Q, and in Part I, Item 1A, "Risk Factors" and in Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended March 31, 2009. In addition, new risks emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risk factors on our business. Accordingly, our future results may differ materially from historical results or from those discussed or implied by these forward-looking statements. Given these risks and uncertainties, the reader should not place undue reliance on these forward-looking state...Click here to read the whole Article (external link)
FLEXTRONICS INTERNATIONAL LTD. Financials
PERIOD ENDING2-Oct-093-Jul-0931-Mar-0931-Dec-08Total Revenue5,831,761 5,782,679 5,582,524 8,153,289 Cost of Revenue5,532,181 5,558,684 5,473,661 7,855,950 Gross Profit299,580 223,995 108,863 297,339 Operating ExpensesResearch Development - - - - Selling General and Administrative68,847 309,091 195,825 275,922 Non Recurring187 12,730 105,192 5,949,977 Others22,710 23,334 27,696 32,613 Total Operating Expenses - - - - Operating Income or Loss207,836 (121,160)(219,850)(5,961,173)Income from Continuing OperationsTotal Other Income/Expenses Net(199,398) - 9,310 (9,310)Earnings Before Interest And Taxes8,438 (121,160)(210,540)(5,970,483)Interest Expense38,091 36,886 47,115 41,704 Income Before Tax(29,653)(158,046)(257,655)(6,012,187)Income Tax Expense(49,312)(4,003)(17,858)2,947 Minority Interest - - - - Net Income From Continuing Ops19,659 (154,043)(239,797)(6,015,134)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)