SAN JOSE, CA — Flex announced that it brought in $7.8 billion in net sales for the second quarter of its fiscal year.

For the third quarter of its fiscal year, the company's outlook includes $7.3 billion to $7.7 billion in revenue, for a total anticipated revenue of $29.1 billion to $30.1 billion for the entire fiscal year.

"The Flex team delivered solid results, highlighted by strong growth from our diverse customer portfolio and another quarter of record adjusted EPS," said Revathi Advaithi, CEO of Flex. "Looking ahead, the secular tailwinds that support our strategy, remain in our favor and continues to provide us with confidence that we'll be able to deliver on our longer-term goals."

NEENAH, WI — Plexus reported record revenues of $1.12 billion for the fourth quarter of its fiscal year, and revenues of $3.81 billion for the entire 2022 fiscal year.

Looking to the future, the company anticipates revenues of $1.08 billion to $1.13 billion for the first quarter of fiscal year 2023.

BILLINGSTAD, NORWAY — Kitron has reported third-quarter revenues of NOK 1.66 billion (US$161 million), which doubles the company's reported revenues of NOK 831 million (US$80 million) in the third quarter of 2021.

The company said the revenue growth reflects both the acquisition of Danish EMS provider BB Electronics AS and underlying growth for other business units.

CLINTON, NY — Indium Corporation has opened a new 37,500 sq. ft. manufacturing facility in Penang, Malaysia.

Earlier this year, the company announced an investment of RM250 million for its expansion in Malaysia with the new manufacturing facility for its solder paste, thermal materials, and engineered solder products. The new facility has already begun its manufacturing activities, and is meant to expand Indium's production capacity for its customers in Malaysia and the surrounding region, including Thailand and Vietnam.

TORONTO — Celestica has announced that it saw third-quarter revenues of $1.92 billion, an increase of 31% compared to the $1.47 billion in revenues for the third quarter of 2021.

GLENVIEW, IL — Third-quarter revenues for ITW's Test & Measurement and Electronics segment were up 17 percent from the third quarter of 2021, coming in at $715 million this year, while the first nine months of the year saw a total of $2.1 billion for the segment.

ITW's Test & Measurement and Electronics segment includes ITW EAE brands such as MPM, Electrovert, Vitronics, Camalot, and Despatch.

LISLE, IL — Molex has announced the opening of a new factory in Guadalajara. The new 60,000 sq. meter facility more than doubles the company's footprint and manufacturing in Guadalajara, and comes with the potential to increase capacity by an additional 100,000 sq. meters to support Molex's advanced engineering and large-scale production for automotive, transportation, and industrial customers in North America and around the world.

NEEDHAM, MA – Worldwide IT and business services revenue is expected to grow (in constant currency) 5.7% this year and 5.2% in 2023, according to the International Data Corporation (IDC) Worldwide Semiannual Services Tracker. The IDC forecasts that in nominal dollar denominated revenue based on today's exchange rate, the market will grow by 2% this year due to currency headwinds.

TӒBY, SWEDEN — A strong performance by Mycronic's Pattern Generators division has led to an increase in net sales and earnings for the third quarter of 2022. During the third quarter, the company's order intake increased by 30% to SEK 1.609 (US $1.242) million, while net sales increased by 23% to SEK 1.214 (US $986) million.

Note continues to see growth in its sales and operating profit, according to the company's Interim Report for July-September 2022.  The company's sales increased by 36% for the third quarter of the year, and by 45% since the beginning of the year. Note's operating profit increased by 37% for the quarter and by 53% for the year. 

NEW DELHI — Optiemus Electronics will open a new factory for wearables in Noida by the end of December as part of its strategy to expand capacity to meet growing demand for smartwatches and truly wireless stereo (TWS) earbuds, said director Nitesh Gupta.

HELSINKI — Incap is estimating that its revenue, operating profit and adjusted operating profit for 2022 will be significantly higher than in 2021. According to the company, the increase in the revenue and operating profit estimate is driven by improved visibility related to the customers' forecasts and Incap's own assessment of the business development.

The estimates are given provided that unexpected events impacting Incap’s business environment do not occur, for example, in the availability of components.

Previously, Incap estimated that its revenue, operating profit (EBIT) and adjusted operating profit (EBIT) for 2022 would be clearly higher than in 2021.

Incap’s business review for January–September 2022 will be published Oct. 27.