SAN JOSE – Flex reported fiscal third quarter net sales of $6.7 billion, up 3.1% year-over-year.

For the quarter ended Dec. 31, GAAP net income was $208 million, an increase of 87.4% compared to the same quarter the prior year.

Adjusted net income for the period was $251 million, up 30.1%. GAAP income before taxes was $233 million, an increase of 60.7% year-over-year. Adjusted operating income was $311 million, up 21.5%.

"Flex's strong third quarter performance exceeded our prior expectations, as robust demand across our portfolio drove solid revenue growth,” said CEO Revathi Advaithi. “Furthermore, our operational focus and disciplined execution delivered record adjusted operating margin and EPS. These results validate our ongoing strategy to drive margin-accretive growth, manage business mix, improve profitability, and generate free cash flow."

For the fiscal fourth quarter, Flex expects revenue between $5.6 billion and $6 billion and GAAP income before taxes of $145 million to $185 million. The company expects adjusted operating income of $225 million to $265 million.

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