Flex Reports 4Q, Fiscal 2021 Results

Flex posted its results for its fourth quarter and fiscal year ended March 31, 2021, with the company reporting solid sales and income figures.

For the fourth quarter fiscal year 2021, Flex had $6.3 billion in net sales, $310 million in adjusted operating income, and $240 million in GAAP net income. For the full fiscal year 2021, Flex had $24.1 billion in net sales, $1 billion in adjusted operating income, and $613 million in GAAP net income.

“We are very pleased with our strong fourth quarter results,” said Flex CEO Revathi Advaithi. “Our progress on our multi-year transformation during fiscal 2021 is reflected in our overall solid performance during a very challenging global environment this past year, and I am confident that we will continue our positive momentum in FY22.”

Flex anticipates growth for the coming year. For the full fiscal year 2022, Flex is projecting $25 billion to $26 billion in net sales.