Summary: Flex Ltd. - S&P Global Ratings’ Credit Research

Summary: Flex Ltd.

Summary: Flex Ltd. - S&P Global Ratings’ Credit Research
Summary: Flex Ltd.
Published Jul 12, 2018
Published Jul 12, 2018
Price US$ 225.00  |  Buy this Report Now

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Good market position in global contract manufacturing; Good design, engineering, and supply chain capabilities; Strategic focus on high-growth, high-margin end markets; Increasing risk of trade war between the U.S. and China; Competitive industry landscape; Concentrated customer base; and Declining legacy communications and data center business. Adjusted leverage of 2.9x for fiscal 2018 (ending in March), which we expect to fall to the mid-2x area in 2019; Unadjusted free operating cash flow (FOCF) of $192 million and adjusted FOCF-to-debt of 3.5%; and We expect the company to pursue acquisitions and share buybacks while keeping leverage below 3x. S&P Global Ratings' stable outlook on San Jose, Calif.-headquartered outsourced manufacturing provider Flex Ltd. reflects our expectation that the company's leading market position and

Report Type:


Electronic Manufacturing Services (45203020)
Global Issuers , Structured Finance
Latin America
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S&P Global Ratings’ Credit Research. "Summary: Flex Ltd." Jul 12, 2018. Alacra Store. Jul 20, 2018. <>
S&P Global Ratings’ Credit Research. (). Summary: Flex Ltd. Jul 12, 2018. New York, NY: Alacra Store. Retrieved Jul 20, 2018 from <>
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