Plexus

Plexus Corp. engages in the provision of electronic manufacturing services. The firm partners with companies to transform concepts into branded products and deliver them to the market. It has partnerships with customers in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense market sectors. The company operates through the following geographical segments: Americas (AMER), Europe, Middle East, and Africa (EMEA), and Asia-Pacific (APAC). The company was founded by Peter Strandwitz, Shirani Ramin and John L. Nussbaum in 1979 and is headquartered in Neenah, WI.

Earnings data Q2 2021

Earnings data Q3 2021

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Earnings data Q1 2022

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

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Earnings data Q4 2024

Earnings data Q1 2025

Plexus excels in Q1 with record revenue growth and sector focus

Plexus Corp. reported impressive Q1 results, focusing on revenue growth, operational efficiency, and ESG initiatives. The company faces challenges from sector-specific revenue declines but sees opportunities in sector recovery and new program wins.

Plexus surpasses revenue expectations in Q2, eyes sustainable growth

Plexus delivered strong Q2 results, exceeding revenue expectations and showcasing financial improvements. While facing challenges from semiconductor supply issues, the company remains confident in meeting long-term growth targets. Opportunities arise from shifting customer behavior and potential share gains, driving focus on ESG efforts and innovative solutions.

Plexus exceeds Q3 earnings, eyes aerospace growth and EMEA expansion

Plexus delivered solid Q3 results, exceeding non-GAAP EPS expectations and showcasing strong sector wins. While facing challenges in the macroeconomic environment and supply chain, the company sees opportunities in aerospace and EMEA region growth. Strategic sourcing decisions are driving new program wins.

Plexus excels in Q4, targets $5B revenue by 2025

Plexus delivered strong financial performance in Q4, exceeding revenue and EPS guidance, with a focus on sustainable practices and growth.
The company aims for significant revenue growth and margin expansion by fiscal 2025, supported by a robust pipeline of manufacturing opportunities.
While facing seasonal headwinds and operational challenges, Plexus remains confident in its ability to improve margins and address customer needs.
Strategic initiatives to enhance cash flow management and operational efficiency position Plexus for future success and sustainable growth.

Plexus reports strong Q1 earnings, targets industry-leading growth

Plexus Corp. delivered solid Q1 results, focusing on revenue growth and operational efficiency. The company is strategically positioned for margin expansion and aims to achieve a 5.5% GAAP operating margin by fiscal 2025. Despite challenges in certain sectors, Plexus remains confident in its future performance and growth outlook.

Plexus Corp reports robust Q2 earnings, eyes growth opportunities

Plexus Corp's Q2 2024 performance showcased strong financials, new wins, and strategic goals for future growth.
The company is addressing challenges in various sectors while capitalizing on opportunities for revenue expansion and cost efficiencies.
With a focus on productivity, quality, and shareholder value, Plexus is poised for continued success and value creation.

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Plexus Corp. engages in the provision of electronic manufacturing services. The company operates through the following geographical segments: Americas (AMER), Europe, Middle East, and Africa (EMEA), and Asia-Pacific (APAC). The company was founded by Peter Strandwitz, Shirani Ramin and John L. Nussbaum in 1979 and is headquartered in Neenah, WI.

Plexus (PLXS) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $1.45 per share a year ago.

Plexus (PLXS) Q2 Earnings and Revenues Beat Estimates

NEENAH, WI, April 24, 2024 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) today announced financial results for our fiscal second quarter ended March 30, 2024, and guidance for our fiscal third quarter ending June 29, 2024.

Plexus Announces Fiscal Second Quarter Financial Results

Plexus's (PLXS) fiscal second-quarter performance is likely to have benefited from new program ramps and rising demand for its solutions in commercial aerospace.

Plexus (PLXS) to Report Q2 Earnings: Key Factors to Note

NEENAH, WI, April 10, 2024 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) announced today it will release its fiscal second quarter 2024 results after market close on Wednesday, April 24, 2024. Plexus' management will host a conference call to discuss its fiscal second quarter results on Thursday, April 25, 2024 at 8:30 a.m. Eastern Time. An audio webcast of the call and accompanying slides will be available in the investor relations section of the company website, plexus.com.

Plexus Sets Fiscal Second Quarter 2024 Earnings Release Date

Plexus (PLXS) reported earnings 30 days ago. What's next for the stock?

Plexus (PLXS) Up 0.3% Since Last Earnings Report: Can It Continue?

NEENAH, WI, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) announced today that it will attend the Raymond James 45th Annual Institutional Investors Conference in Orlando, FL on March 4, 2024. During the conference, Raymond James will host a fireside chat with Plexus' management team at 1:05 p.m. Eastern Time. The fireside chat will be available via live webcast.

Plexus to Present at the Raymond James 45th Annual Institutional Investors Conference

Plexus Corp. (PLXS) Q1 2024 Earnings Call Transcript

Plexus' (PLXS) first-quarter performance is affected due to weakness in the Healthcare/Life Sciences and Industrial sectors.

Plexus (PLXS) Q1 Earnings & Revenues Miss Estimates, Fall Y/Y

The headline numbers for Plexus (PLXS) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Plexus (PLXS) Reports Q1 Earnings: What Key Metrics Have to Say

Plexus (PLXS) came out with quarterly earnings of $1.04 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.49 per share a year ago.

Plexus (PLXS) Q1 Earnings and Revenues Miss Estimates

NEENAH, WI, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) today announced financial results for our fiscal first quarter ended December 30, 2023, and guidance for our fiscal second quarter ending March 30, 2024.

Plexus Announces Fiscal First Quarter Financial Results

Evaluate the expected performance of Plexus (PLXS) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Unveiling Plexus (PLXS) Q1 Outlook: Wall Street Estimates for Key Metrics

Plexus (PLXS) notes that performance in the quarter is dampened by incrementally weaker demand from the Industrial and Healthcare/Lifesciences sectors and inventory corrections.

Plexus (PLXS) Reports Preliminary Q1 Results, Shares Fall

NEENAH, Wis., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) announced today that it will not meet its fiscal first quarter revenue guidance of $990 million to $1.03 billion, GAAP operating margin of 4.8% to 5.3% and GAAP EPS of $1.15 to $1.33, as issued October 25, 2023. As the fiscal first quarter progressed, the company experienced continued market-driven inventory corrections and incrementally weaker demand from the Healthcare/Lifesciences and Industrial market sectors. Plexus now expects to announce fiscal first quarter revenue of $980 to $985 million, GAAP operating margin of approximately 4.6% and GAAP diluted EPS of $1.02 to $1.06.

Plexus Announces Preliminary Fiscal First Quarter 2024 Results and Additional Share Repurchase Program

NEENAH, WI, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) today received notification through official written correspondence from the U.S. Department of Commerce that its China subsidiary (“Plexus Xiamen”) will be removed from the Bureau of Industry and Security's (“BIS”) Unverified List. Through no fault of Plexus or the BIS, a delay in the routine verification of a shipment to Plexus Xiamen occurred, which as a result of strong cooperation between the organizations has now been swiftly rectified. The Department of Commerce has commenced an administrative process to publish the removal of Plexus from the Unverified List in the Federal Register, which the company anticipates to occur in January 2024. Plexus remains committed to compliance with all applicable U.S. export control laws, and to working with BIS in a transparent, collaborative manner.

Plexus Provides Update on Unverified List Removal

NEENAH, WI, Dec. 20, 2023 (GLOBE NEWSWIRE) -- On December 19, 2023, Plexus Corp. (NASDAQ: PLXS) learned that the U.S Department of Commerce placed its Xiamen, China subsidiary (“Plexus Xiamen”) on the Bureau of Industry and Security's (“BIS”) Unverified List. Companies appearing on the Unverified List are not barred from conducting business with the United States and their U.S. customers and suppliers.

Plexus Provides Update on Unverified List Designation

NEENAH, WI, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) announced today that it has joined the United Nations (UN) Global Compact, a voluntary leadership platform for the development, implementation and disclosure of socially responsible business practices. The UN Global Compact is a call to companies to align operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption, and to take action in support of the goals and issues embodied in the UN Sustainable Development Goals.

Plexus Joins the United Nations Global Compact

Plexus Corp. delivered better than expected results and has received a lot of demand for healthcare products, which could lead to an increase in stock price. Investment analysts expect double-digit net sales growth and operating margin growth, indicating optimism for the company's future. Production ramps of new products for existing customers increased, and customer end-market demand also increased.

Plexus: Earnings Surprise, Transformation Efforts, And Not Expensive

Plexus (PLXS) Up 10.9% Since Last Earnings Report: Can It Continue?

Plexus's (PLXS) fiscal fourth-quarter performance is affected by weakness in the Healthcare/Life Sciences and Industrial sectors.

Plexus (PLXS) Q4 Earnings Top Estimates, Revenues Fall Y/Y

Although the revenue and EPS for Plexus (PLXS) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Plexus (PLXS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Plexus (PLXS) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.78 per share a year ago.

Plexus (PLXS) Q4 Earnings and Revenues Top Estimates

NEENAH, WI, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) today announced financial results for our fiscal fourth quarter and fiscal year ended September 30, 2023, and guidance for our fiscal first quarter 2024 ending December 30, 2023.

Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2023 Financial Results

Plexus's (PLXS) fiscal fourth-quarter performance is likely to have benefited from new program ramps and rising demand for its solutions in commercial aerospace.

Plexus (PLXS) to Report Q4 Earnings: What's in the Offing?

NEENAH, WI, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) announced today it will release its fiscal fourth quarter 2023 results after market close on Wednesday, October 25, 2023. Plexus' management will host a conference call to discuss its fiscal fourth quarter results on Thursday, October 26 at 8:30 a.m. Eastern Time. An audio webcast of the call and accompanying slides will be available in the investor relations section of the company website, plexus.com.

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