Flex reports Q1 2023 net sales at USD7.34 billion, up 15.77% y/y
Net income for the quarter was down 5.33% y/y to USD195 million
Flex has reported the first quarter of 2023 net sales at USD7.34 billion, up 15.77% year-on-year (y/y) from USD6.34 billion in the previous year for three months ended 30 June, according to a filing by the company on 27 July. Operating income for the quarter was reported at USD272 million, up 6.66% y/y from USD255 million in the previous year. Net income was reported at USD195 million, down 5.33% from USD206 million in the previous year.