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    Plexus Announces Fiscal Second Quarter Financial Results

    4/23/25 4:15:00 PM ET
    $PLXS
    Electrical Products
    Technology
    Get the next $PLXS alert in real time by email

    NEENAH, WI, April 23, 2025 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ:PLXS) today announced financial results for our fiscal second quarter ended March 29, 2025, and guidance for our fiscal third quarter ending June 28, 2025.

    • Reports fiscal second quarter 2025 revenue of $980 million, GAAP operating margin of 5.0% and GAAP diluted EPS of $1.41.
    • Reports fiscal second quarter 2025 non-GAAP operating margin of 5.7% and non-GAAP diluted EPS of $1.66, excluding $0.25 of stock-based compensation expense.
    • Initiates fiscal third quarter 2025 revenue guidance of $1.00 billion to $1.04 billion with GAAP diluted EPS of $1.40 to $1.55, including $0.25 of stock-based compensation expense. Fiscal third quarter non-GAAP EPS guidance of $1.65 to $1.80 excludes stock-based compensation expense.

      Three Months Ended
      Mar 29, 2025  Mar 29, 2025   Jun 28, 2025 
      Q2F25 Results  Q2F25 Guidance   Q3F25 Guidance 
    Summary GAAP Items         
    Revenue (in millions)$980   $960 to $1,000   $1,000 to $1,040 
    Operating margin 5.0%  4.6% to 5.0%   5.0% to 5.4% 
    Diluted EPS$1.41   $1.22 to $1.37   $1.40 to $1.55 
               
    Summary Non-GAAP Items (1)         
    Adjusted operating margin (2) 5.7%  5.3% to 5.7%   5.7% to 6.1% 
    Adjusted EPS (3)$1.66   $1.46 to $1.61   $1.65 to $1.80 
    Return on invested capital (ROIC) 13.7%        
    Economic return 4.8%        



    (1)Refer to Non-GAAP Supplemental Information tables for additional information regarding non-GAAP financial measures.
    (2)Excludes stock-based compensation expense of approximately 70 bps for Q2F25 results,Q2F25 guidance and Q3F25 guidance.
    (3)Excludes stock-based compensation expense, net of tax, of $0.25 for Q2F25 results,$0.24 for Q2F25 guidance and $0.25 for Q3F25 guidance.
       

    Fiscal Second Quarter 2025 Information

    • Won 42 manufacturing programs during the quarter representing $205 million in annualized revenue when fully ramped into production.
    • Generated fiscal second quarter free cash flow of $16.5 million, contributing to fiscal year-to-date free cash flow of $43.6 million.
    • Purchased $12.2 million of our shares at an average price of $141.18 per share under our 2025 Share Repurchase Program, leaving $25.0 million available under our existing $50.0 million authorization.

    Todd Kelsey, President and Chief Executive Officer, commented, "Plexus generated strong fiscal second quarter financial performance, demonstrating the continued momentum of our operational and working capital efficiency initiatives. We achieved revenue of $980 million, in-line with guidance, with non-GAAP operating margin of 5.7% at the high-end of guidance and non-GAAP EPS of $1.66 exceeding guidance. In addition, free cash flow exceeded our expectations."

    Patrick Jermain, Executive Vice President and Chief Financial Officer, commented, "Fiscal second quarter cash cycle of 68 days was favorable to expectations and consistent with the fiscal first quarter. We continue to drive reductions in our gross inventory balance, with this quarter representing the fifth consecutive quarter of improvement. Our favorable cash cycle performance benefited our fiscal second quarter return on invested capital of 13.7%, which exceeded our weighted average cost of capital by 480 basis points. Finally, we delivered better than expected free cash flow of $16.5 million, which we utilized to repurchase $12.2 million of our shares during the fiscal second quarter in support of our commitment to return cash to shareholders."

    Mr. Kelsey added, "We delivered 42 fiscal second quarter manufacturing wins, representing $205 million in annualized revenue. Notably, this result included our largest ever sustaining services win in support of creating success for an industry-leading healthcare customer. Additionally, our engineering solutions team delivered its best quarterly wins performance in more than 5 years, highlighting the breadth of our global capabilities and the effectiveness of our diversification efforts."

    Mr. Kelsey continued, "We are guiding fiscal third quarter revenue of $1.00 to $1.04 billion, non-GAAP operating margin of 5.7% to 6.1% and non-GAAP EPS of $1.65 to $1.80. Furthermore, while conservatively assessing the remainder of the fiscal year and acknowledging the uncertainty associated with tariffs, we continue to anticipate achieving meaningful EPS growth in fiscal 2025, capitalizing upon revenue growth in each of our market sectors, robust operating margin performance and ongoing free cash flow deployment."

    Mr. Kelsey concluded, "Plexus uniquely supports customer success, leveraging our comprehensive product lifecycle solutions and passion for operational excellence delivered through our globally united team. Our ongoing strategic investments in talent, technology, facilities and advanced capabilities position Plexus to proactively navigate evolving landscapes and dynamic environments to enable our customers' success."

    Quarterly ComparisonThree Months Ended
    (in thousands, except EPS)Mar 29, 2025 Dec 28, 2024 Mar 30, 2024
    Revenue$980,170  $976,122  $966,900 
    Gross profit 97,751   100,692   88,063 
    Operating income 48,791   46,860   29,470 
    Net income 39,073   37,267   16,239 
    Diluted EPS$1.41  $1.34  $0.58 
          
    Gross margin 10.0%  10.3%  9.1%
    Operating margin 5.0%  4.8%  3.0%
          
    ROIC (1) 13.7%  13.8%  9.9%
    Economic return (1) 4.8%  4.9%  1.7%



    (1)Refer to Non-GAAP Supplemental Information tables for non-GAAP financial measures discussed and/or disclosed in this release, such as adjusted operating margin, adjusted net income, adjusted diluted EPS, ROIC and economic return.
       

    Business Segment and Market Sector Revenue

    Plexus measures operational performance and allocates resources on a geographic segment basis. Plexus also reports revenue based on the market sector breakout set forth in the table below, which reflects Plexus' market sector focused strategy. Top 10 customers comprised 51% of revenue during both the first and second quarter of fiscal 2025. This is up 3 percentage points from the second quarter of fiscal 2024.

    Business Segments ($ in millions)Three Months Ended
      Mar 29, 2025 Dec 28, 2024 Mar 30, 2024
    Americas$295  $274  $296 
    Asia-Pacific 587   607   522 
    Europe, Middle East and Africa 103   101   152 
    Elimination of inter-segment sales (5)  (6)  (3)
    Total Revenue$980  $976  $967 



    Market Sectors ($ in millions)Three Months Ended
     Mar 29, 2025 Dec 28, 2024 Mar 30, 2024
    Aerospace/Defense$17218% $16016% $17018%
    Healthcare/Life Sciences 41142%  37438%  37939%
    Industrial 39740%  44246%  41843%
    Total Revenue$980  $976  $967 
     

    Non-GAAP Supplemental Information

    Plexus provides non-GAAP supplemental information, such as ROIC, economic return and free cash flow, because such measures are used for internal management goals and decision-making, and because they provide management and investors with additional insight into financial performance. In addition, management uses these and other non-GAAP measures, such as adjusted operating income, adjusted operating margin, adjusted net income and adjusted diluted EPS, to provide a better understanding of core performance for purposes of period-to-period comparisons. Plexus believes that these measures are also useful to investors because they provide further insight by eliminating the effect of non-recurring items that are not reflective of continuing operations. For additional information on non-GAAP measures, please refer to the attached Non-GAAP Supplemental Information tables.

    ROIC and Economic Return

    ROIC for the second quarter of fiscal 2025 was 13.7%. Plexus defines ROIC as tax-effected annualized adjusted operating income divided by average invested capital over a three-quarter period for the second fiscal quarter. Invested capital is defined as equity plus debt and operating lease obligations, less cash and cash equivalents. Plexus' weighted average cost of capital for fiscal 2025 is 8.9%. ROIC for the second quarter of fiscal 2025 less Plexus' weighted average cost of capital resulted in an economic return of 4.8%.

    Free Cash Flow

    Plexus defines free cash flow as cash flows provided by operations less capital expenditures. For the three months ended March 29, 2025, cash flows provided by operations was $36.7 million, less capital expenditures of $20.2 million, resulting in free cash flow of $16.5 million.

    Cash Cycle DaysThree Months Ended
      Mar 29, 2025 Dec 28, 2024 Mar 30, 2024
    Days in Accounts Receivable 57   56   61 
    Days in Contract Assets 12   12   12 
    Days in Inventory 132   134   158 
    Days in Accounts Payable (70)   (69)   (65) 
    Days in Advanced Payments (63)   (65)   (75) 
    Annualized Cash Cycle (1) 68   68   91 



    (1)Plexus calculates cash cycle as the sum of days in accounts receivable, days in contract assets and days in inventory, less days in accounts payable and days in advanced payments.
       

    Conference Call and Webcast Information

    What:Plexus Fiscal 2025 Q2 Earnings Conference Call and Webcast
    When:Thursday, April 24, 2025 at 8:30 a.m. Eastern Time
    Where:Participants are encouraged to join the live webcast at the investor relations section of the Plexus website, plexus.com. Participants can also join utilizing the links below:



    Webcast link:

    https://events.q4inc.com/attendee/242810884
    Replay:The webcast will be archived on the Plexus website and will be available as on-demand for 12 months
      

    Investor and Media Contact

    Shawn Harrison

    +1.920.969.6325

    [email protected]

    About Plexus

    Since 1979, Plexus has helped create the products that build a better world. Driven by a passion for excellence, we partner with our customers to design, manufacture and service highly complex products in demanding regulatory environments. From life-saving medical devices and mission-critical aerospace and defense products to industrial automation systems and semiconductor capital equipment, our innovative solutions across the lifecycle of a product converge where advanced technology and human impact intersect. We provide these solutions to market-leading as well as disruptive global companies in the Aerospace/Defense, Healthcare/Life Sciences, and Industrial sectors, supported by a global team of over 20,000 members across our 26 facilities in the Americas ("AMER"), Asia-Pacific ("APAC") and Europe, Middle East and Africa ("EMEA") regions. For more information about Plexus, visit our website at www.plexus.com.

    Safe Harbor and Fair Disclosure Statement

    The statements contained in this press release that are guidance or which are not historical facts (such as statements in the future tense and statements including believe, expect, intend, plan, anticipate, goal, target and similar terms and concepts), including all discussions of periods which are not yet completed, are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include the effects of tariffs, trade disputes, trade agreements and other trade protection measures; the effect of inflationary pressures on our costs of production, profitability, and on the economic outlook of our markets; the effects of shortages and delays in obtaining components as a result of economic cycles, natural disasters or otherwise; the risk of customer delays, changes, cancellations or forecast inaccuracies in both ongoing and new programs; the ability to realize anticipated savings from restructuring or similar actions, as well as the adequacy of related charges as compared to actual expenses; the lack of visibility of future orders, particularly in view of changing economic conditions; the economic performance of the industries, sectors and customers we serve; the outcome of litigation and regulatory investigations and proceedings, including the results of any challenges with regard to such outcomes; the effects of the volume of revenue from certain sectors or programs on our margins in particular periods; our ability to secure new customers, maintain our current customer base and deliver product on a timely basis; the risks of concentration of work for certain customers; the particular risks relative to new or recent customers, programs or services, which risks include customer and other delays, start-up costs, potential inability to execute, the establishment of appropriate terms of agreements, and the lack of a track record of order volume and timing; the effects of start-up costs of new programs and facilities or the costs associated with the closure or consolidation of facilities; possible unexpected costs and operating disruption in transitioning programs, including transitions between Company facilities; the risk that new program wins and/or customer demand may not result in the expected revenue or profitability; the fact that customer orders may not lead to long-term relationships; our ability to manage successfully and execute a complex business model characterized by high product mix and demanding quality, regulatory, and other requirements; the risks associated with excess and obsolete inventory, including the risk that inventory purchased on behalf of our customers may not be consumed or otherwise paid for by the customer, resulting in an inventory write-off; risks related to information technology systems and data security; increasing regulatory and compliance requirements; any tax law changes and related foreign jurisdiction tax developments; current or potential future barriers to the repatriation of funds that are currently held outside of the United States as a result of actions taken by other countries or otherwise; the potential effects of jurisdictional results on our taxes, tax rates, and our ability to use deferred tax assets and net operating losses; the weakness of areas of the global economy; the effect of changes in the pricing and margins of products; raw materials and component cost fluctuations; the potential effect of fluctuations in the value of the currencies in which we transact business; the effects of changes in economic conditions, political conditions and regulatory matters in the United States and in the other countries in which we do business; the potential effect of other world or local events or other events outside our control (such as the conflict between Russia and Ukraine, conflict in the Middle East, escalating tensions between China and Taiwan or China and the United States, changes in energy prices, terrorism, global health epidemics and weather events); the impact of increased competition; an inability to successfully manage human capital; changes in financial accounting standards; and other risks detailed herein and in our other Securities and Exchange Commission filings, particularly in Risk Factors contained in our fiscal 2024 Form 10-K.



    PLEXUS CORP. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (in thousands, except per share data)
    (unaudited)
          
     Three Months Ended Six Months Ended
     Mar 29, Mar 30, Mar 29, Mar 30,
      2025   2024   2025   2024 
    Net sales$980,170  $966,900  $1,956,292  $1,949,507 
    Cost of sales 882,419   878,837   1,757,849   1,773,304 
    Gross profit 97,751   88,063   198,443   176,203 
    Operating expenses:       
    Selling and administrative expenses 48,960   47,555   98,109   90,537 
    Restructuring and other charges, net —   11,038   4,683   11,038 
    Operating income 48,791   29,470   95,651   74,628 
    Other income (expense):       
    Interest expense (3,137)  (8,293)  (6,691)  (15,910)
    Interest income 871   817   2,105   1,625 
    Miscellaneous, net (1,502)  (3,027)  (2,548)  (6,529)
    Income before income taxes 45,023   18,967   88,517   53,814 
    Income tax expense 5,950   2,728   12,177   8,360 
    Net income$39,073  $16,239  $76,340  $45,454 
    Earnings per share:       
    Basic$1.44  $0.59  $2.82  $1.65 
    Diluted$1.41  $0.58  $2.75  $1.62 
    Weighted average shares outstanding:       
    Basic 27,109   27,542   27,098   27,513 
    Diluted 27,662   27,929   27,726   27,982 





    PLEXUS CORP. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (in thousands, except per share data)
    (unaudited)
     Mar 29, Sep 28,
      2025   2024 
    ASSETS   
    Current assets:   
    Cash and cash equivalents$310,531  $345,109 
    Restricted cash 31   2,353 
    Accounts receivable 609,493   622,366 
    Contract assets 136,131   120,560 
    Inventories 1,280,385   1,311,434 
    Prepaid expenses and other 59,740   75,328 
    Total current assets 2,396,311   2,477,150 
    Property, plant and equipment, net 511,865   501,112 
    Operating lease right-of-use assets 76,217   74,360 
    Deferred income taxes 73,841   73,919 
    Other assets 27,506   27,280 
    Total non-current assets 689,429   676,671 
    Total assets$3,085,740  $3,153,821 
        
    LIABILITIES AND SHAREHOLDERS' EQUITY   
    Current liabilities:   
    Current portion of long-term debt and finance lease obligations$121,014  $157,325 
    Accounts payable 680,078   606,378 
    Advanced payments from customers 611,590   709,152 
    Accrued salaries and wages 83,650   94,448 
    Other accrued liabilities 69,499   75,991 
    Total current liabilities 1,565,831   1,643,294 
    Long-term debt and finance lease obligations, net of current portion 88,761   89,993 
    Accrued income taxes payable —   17,198 
    Long-term operating lease liabilities 32,720   32,275 
    Deferred income taxes 7,224   8,234 
    Other liabilities 39,529   38,002 
    Total non-current liabilities 168,234   185,702 
    Total liabilities 1,734,065   1,828,996 
    Shareholders' equity:   
    Common stock 547   545 
    Additional paid-in-capital 680,880   680,638 
    Common stock held in treasury (1,215,481)  (1,190,115)
    Retained earnings 1,899,483   1,823,143 
    Accumulated other comprehensive (loss) income (13,754)  10,614 
    Total shareholders' equity 1,351,675   1,324,825 
    Total liabilities and shareholders' equity$3,085,740  $3,153,821 





    PLEXUS CORP. AND SUBSIDIARIES
    NON-GAAP SUPPLEMENTAL INFORMATION Table 1
    (in thousands, except per share data)
    (unaudited)
              
     Three Months Ended Six Months Ended
     Mar 29, Dec 28, Mar 30, Mar 29, Mar 30,
      2025   2024   2024   2025   2024 
    Operating income, as reported$48,791  $46,860  $29,470  $95,651  $74,628 
    Operating margin, as reported 5.0%  4.8%  3.0%  4.9%  3.8%
              
    Non-GAAP adjustments:         
    Restructuring costs (1) —   4,683   13,288   4,683   13,288 
    Other non-recurring income (2) —   —   (2,250)  —   (2,250)
    Stock-based compensation 7,132   6,990   7,096   14,122   12,431 
    Non-GAAP operating income$55,923  $58,533  $47,604  $114,456  $98,097 
    Non-GAAP operating margin 5.7%  6.0%  4.9%  5.9%  5.0%
              
    Net income, as reported$39,073  $37,267  $16,239  $76,340  $45,454 
              
    Non-GAAP adjustments:         
    Restructuring costs, net of tax (1) —   4,191   11,893   4,191   11,893 
    Other non-recurring income, net of tax (2) —   —   (2,014)  —   (2,014)
    Stock-based compensation, net of tax 6,775   6,640   7,096   13,415   12,431 
    Adjusted net income$45,848  $48,098  $33,214  $93,946  $67,764 
              
    Diluted earnings per share, as reported$1.41  $1.34  $0.58  $2.75  $1.62 
              
    Non-GAAP per share adjustments:         
    Restructuring costs, net of tax (1) —   0.15   0.43   0.15   0.43 
    Other non-recurring income, net of tax (2) —   —   (0.07)  —   (0.07)
    Stock-based compensation, net of tax 0.25   0.24   0.25   0.49   0.44 
    Adjusted diluted earnings per share$1.66  $1.73  $1.19  $3.39  $2.42 



    (1)During the three months ended December 28, 2024, restructuring costs of $4.7 million, or $4.2 million net of taxes, were incurred primarily for employee severance costs associated with a reduction in the Company's workforce in the EMEA and AMER regions. 
      During the three and six months ended March 30, 2024, restructuring and impairment charges of $13.3 million, or $11.9 million net of taxes, were incurred for employee severance costs associated with a reduction in the Company's workforce as well as closure costs associated with a site in the Company's EMEA region. 
    (2)During the three and six months ended March 30, 2024, insurance proceeds of $2.3 million, or $2.0 million net of taxes, were received related to an arbitration decision associated with a contractual matter that occurred in the Company's EMEA region in fiscal 2023.





    PLEXUS CORP. AND SUBSIDIARIES
    NON-GAAP SUPPLEMENTAL INFORMATION Table 2
    (in thousands)
    (unaudited)
          
    ROIC and Economic Return CalculationsSix Months Ended Three Months Ended Six Months Ended
     Mar 29, Dec 28, Mar 30,
     2025  2024  2024 
    Operating income, as reported$95,651   $46,860   $74,628 
    Restructuring and other charges, net 4,683  + 4,683  + 11,038 
    Adjusted operating income$100,334   $51,543   $85,666 
      2  x 4  x 2 
            
            
    Adjusted annualized operating income$200,668   $206,172   $171,332 
    Adjusted effective tax rate 13% x 15% x 15%
    Tax impact 26,087    30,926    25,700 
    Adjusted operating income (tax-effected)$174,581   $175,246   $145,632 
            
    Average invested capital$1,276,742  ÷$1,268,309  ÷$1,478,062 
    ROIC 13.7%   13.8%   9.9%
    Weighted average cost of capital 8.9% - 8.9% - 8.2%
    Economic return 4.8%   4.9%   1.7%



                  
    Average Invested Capital CalculationsMar 29, Dec 28, Sep 28, Jun 29, Mar 30, Dec 30, Sep 30,
      2025   2024   2024   2024   2024   2023   2023 
    Equity$1,351,675  $1,319,069  $1,324,825  $1,266,360  $1,259,762  $1,266,755  $1,214,382 
    Plus:             
    Debt and finance lease obligations - current 121,014   121,977   157,325   258,175   245,964   251,119   240,205 
    Operating lease obligations - current (1) 9,968   14,875   14,697   7,990   8,281   9,172   8,363 
    Debt and finance lease obligations - long-term 88,761   88,728   89,993   90,715   192,025   192,118   190,853 
    Operating lease obligations - long-term 32,720   35,124   32,275   31,923   33,915   35,989   38,552 
    Less:             
    Cash and cash equivalents (310,531)  (317,161)  (345,109)  (269,868)  (265,053)  (231,982)  (256,233)
     $1,293,607  $1,262,612  $1,274,006  $1,385,295  $1,474,894  $1,523,171  $1,436,122 



    (1)Included in other accrued liabilities on the Condensed Consolidated Balance Sheets.


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    • Plexus Announces Fiscal Second Quarter Financial Results

      NEENAH, WI, April 23, 2025 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ:PLXS) today announced financial results for our fiscal second quarter ended March 29, 2025, and guidance for our fiscal third quarter ending June 28, 2025. Reports fiscal second quarter 2025 revenue of $980 million, GAAP operating margin of 5.0% and GAAP diluted EPS of $1.41.Reports fiscal second quarter 2025 non-GAAP operating margin of 5.7% and non-GAAP diluted EPS of $1.66, excluding $0.25 of stock-based compensation expense.Initiates fiscal third quarter 2025 revenue guidance of $1.00 billion to $1.04 billion with GAAP diluted EPS of $1.40 to $1.55, including $0.25 of stock-based compensation expense. Fiscal third

      4/23/25 4:15:00 PM ET
      $PLXS
      Electrical Products
      Technology
    • Plexus Sets Fiscal Second Quarter 2025 Earnings Release Date

      NEENAH, WI, April 09, 2025 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ:PLXS) announced today it will release its fiscal second quarter 2025 results after market close on Wednesday, April 23, 2025. Plexus' management will host a conference call to discuss its fiscal second quarter results on Thursday, April 24, 2025 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. What: Plexus Fiscal 2025 Q2 Earnings Conference Call and Webcast   When: Thursday, April 24, 2025 at 8:30 a.m. Eastern Time   Where:  Participants are encouraged to join the live webcast at the investor relations sec

      4/9/25 4:15:00 PM ET
      $PLXS
      Electrical Products
      Technology
    • Plexus to Present at the Raymond James 46th Annual Institutional Investors Conference

      NEENAH, WI, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ:PLXS) announced today that it will attend the Raymond James 46th Annual Institutional Investors Conference in Orlando, FL on March 3, 2025. During the conference, Raymond James will host a fireside chat with Plexus' management team at 2:50 p.m. Eastern Time. The fireside chat will be available via live webcast. What:Plexus Fireside Chat and Webcast at the Raymond James 46th Annual Institutional Investors ConferenceWhen:Monday, March 3, 2025, at 2:50 p.m. Eastern TimeWhere: Participants are encouraged to join the live webcast by accessing the following link: https://wsw.com/webcast/rj131/plxs/1626327Replay:The webcast will

      2/17/25 4:15:00 PM ET
      $PLXS
      Electrical Products
      Technology

    $PLXS
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • SEC Form SC 13G/A filed by Plexus Corp. (Amendment)

      SC 13G/A - PLEXUS CORP (0000785786) (Subject)

      2/13/24 5:12:07 PM ET
      $PLXS
      Electrical Products
      Technology
    • SEC Form SC 13G/A filed by Plexus Corp. (Amendment)

      SC 13G/A - PLEXUS CORP (0000785786) (Subject)

      2/9/24 9:59:18 AM ET
      $PLXS
      Electrical Products
      Technology
    • SEC Form SC 13G/A filed by Plexus Corp. (Amendment)

      SC 13G/A - PLEXUS CORP (0000785786) (Subject)

      2/10/23 2:42:32 PM ET
      $PLXS
      Electrical Products
      Technology

    $PLXS
    SEC Filings

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    • SEC Form 144 filed by Plexus Corp.

      144 - PLEXUS CORP (0000785786) (Subject)

      5/30/25 4:10:06 PM ET
      $PLXS
      Electrical Products
      Technology
    • SEC Form SD filed by Plexus Corp.

      SD - PLEXUS CORP (0000785786) (Filer)

      5/28/25 4:43:11 PM ET
      $PLXS
      Electrical Products
      Technology
    • Plexus Corp. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

      8-K - PLEXUS CORP (0000785786) (Filer)

      5/14/25 4:15:04 PM ET
      $PLXS
      Electrical Products
      Technology

    $PLXS
    Financials

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    • Plexus Announces Fiscal Second Quarter Financial Results

      NEENAH, WI, April 23, 2025 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ:PLXS) today announced financial results for our fiscal second quarter ended March 29, 2025, and guidance for our fiscal third quarter ending June 28, 2025. Reports fiscal second quarter 2025 revenue of $980 million, GAAP operating margin of 5.0% and GAAP diluted EPS of $1.41.Reports fiscal second quarter 2025 non-GAAP operating margin of 5.7% and non-GAAP diluted EPS of $1.66, excluding $0.25 of stock-based compensation expense.Initiates fiscal third quarter 2025 revenue guidance of $1.00 billion to $1.04 billion with GAAP diluted EPS of $1.40 to $1.55, including $0.25 of stock-based compensation expense. Fiscal third

      4/23/25 4:15:00 PM ET
      $PLXS
      Electrical Products
      Technology
    • Plexus Sets Fiscal Second Quarter 2025 Earnings Release Date

      NEENAH, WI, April 09, 2025 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ:PLXS) announced today it will release its fiscal second quarter 2025 results after market close on Wednesday, April 23, 2025. Plexus' management will host a conference call to discuss its fiscal second quarter results on Thursday, April 24, 2025 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. What: Plexus Fiscal 2025 Q2 Earnings Conference Call and Webcast   When: Thursday, April 24, 2025 at 8:30 a.m. Eastern Time   Where:  Participants are encouraged to join the live webcast at the investor relations sec

      4/9/25 4:15:00 PM ET
      $PLXS
      Electrical Products
      Technology
    • Plexus Announces Fiscal First Quarter Financial Results

      NEENAH, WI, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ:PLXS) today announced financial results for our fiscal first quarter ended December 28, 2024, and guidance for our fiscal second quarter ending March 29, 2025. Reports fiscal first quarter 2025 revenue of $976 million, GAAP operating margin of 4.8% and GAAP diluted EPS of $1.34. Reports fiscal first quarter 2025 non-GAAP operating margin of 6.0% and non-GAAP diluted EPS of $1.73, excluding $0.24 of stock-based compensation expense and $0.15 of restructuring and other charges, net of tax. Initiates fiscal second quarter 2025 revenue guidance of $960 million to $1.00 billion with GAAP diluted EPS of $1.22 to $1.37, includi

      1/22/25 4:15:00 PM ET
      $PLXS
      Electrical Products
      Technology

    $PLXS
    Leadership Updates

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    • Cohu Appoints Karen M. Rapp to its Board of Directors

      Cohu, Inc. (NASDAQ:COHU), a global leader in equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that Karen M. Rapp has been appointed to the Cohu Board of Directors, effective today. Ms. Rapp brings to Cohu's Board of Directors extensive experience in corporate development, financial management, information technology and public company governance. After serving for six years as Executive Vice President and Chief Financial Officer, Ms. Rapp retired in May 2023 from National Instruments Corp., a leading test and measurement instrument and software company. Previously, she was Senior Vice President of Corporate Development at NXP Semiconduc

      5/6/24 4:05:00 PM ET
      $COHU
      $MCHP
      $PLXS
      Electrical Products
      Industrials
      Semiconductors
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    • Plexus Joins the United Nations Global Compact

      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. Todd Kelsey, Chief Executive Officer, commented, "Joining the UN Global Compact is representative of our unwavering commitment

      12/15/23 8:30:00 AM ET
      $PLXS
      Electrical Products
      Technology
    • Plexus Names Steve Frisch President and Chief Strategy Officer and Oliver Mihm Chief Operating Officer

      NEENAH, WI, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ:PLXS) announced today the appointment of Steve Frisch, 55, to President and Chief Strategy Officer and Oliver Mihm, 50, to Executive Vice President and Chief Operating Officer. These promotions expand senior leadership bandwidth and further leverage organizational talent to guide successful execution of Plexus' strategy within the current demand and operating environment. In addition, the appointments strengthen Plexus' position to maintain industry-leading revenue growth and operating performance to create shareholder value. With his promotion, Mr. Frisch assumes the responsibilities of driving the long-term growth of the

      1/26/22 4:15:00 PM ET
      $PLXS
      Electrical Products
      Technology