Summary
Flextronics International Ltd. (FLEX) filed an 8-K on October 25, 2004, to announce its second fiscal quarter results for the period ending September 30, 2004. The report primarily serves as a notification that the company issued a press release containing its financial and operational performance for the quarter. Investors should note that the press release includes non-GAAP operating results, which exclude after-tax intangibles amortization, restructuring, and other charges. The company explains that these non-GAAP measures are used internally for performance assessment and are provided to investors to offer an alternative view of core business operations and facilitate period-to-period comparisons. While useful for understanding management's perspective, investors are reminded that these non-GAAP figures are not standardized and may not be comparable to similar metrics from other companies. A reconciliation to GAAP operating results is provided within the press release itself.
Key Highlights
- 1Flextronics International Ltd. (FLEX) announced its Q2 FY05 results on October 25, 2004.
- 2The filing is an 8-K report referencing a press release detailing the quarterly results.
- 3The press release includes non-GAAP operating results alongside GAAP figures.
- 4Non-GAAP results exclude after-tax intangibles amortization, restructuring, and other charges.
- 5The company states non-GAAP measures are used for internal performance evaluation and to provide investors with a view of core operations.
- 6Investors are cautioned that non-GAAP measures are not standardized and may differ from those of other companies.
- 7A reconciliation between non-GAAP and GAAP results is available in the furnished press release (Exhibit 99.1).