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Plexus Corp. - PLXS STOCK NEWS

Welcome to our dedicated news page for Plexus (Ticker: PLXS), a resource for investors and traders seeking the latest updates and insights on Plexus.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Plexus's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Plexus's position in the market.

News
Plexus Sets Fiscal Second Quarter 2024 Earnings Release Date
Rhea-AI Summary
Plexus Corp. (PLXS) will announce its fiscal second quarter 2024 results on April 24, 2024, followed by a conference call on April 25, 2024. The company will provide an audio webcast for investors and analysts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
Tags
earnings
-
News
Plexus to Present at the Raymond James 45th Annual Institutional Investors Conference
Rhea-AI Summary
Plexus Corp. (PLXS) will participate in the Raymond James 45th Annual Institutional Investors Conference with a fireside chat on March 4, 2024. The event will feature Plexus' management team discussing key insights and strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
conferences
-
News
Plexus Announces Fiscal First Quarter Financial Results
Rhea-AI Summary
Plexus Corp. (PLXS) reported fiscal first quarter 2024 revenue of $983 million, a GAAP operating margin of 4.6%, and GAAP diluted EPS of $1.04, with a fiscal second quarter 2024 revenue guidance of $930 million to $970 million. The company won 30 manufacturing programs worth $261 million in annualized revenue during the quarter, and the Board of Directors approved a new $50.0 million share repurchase program. The company's CEO, Todd Kelsey, expressed confidence in the company's ability to sustain industry-leading revenue growth and returns over the long term.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.26%
Tags
earnings
News
Plexus Announces Preliminary Fiscal First Quarter 2024 Results and Additional Share Repurchase Program
Rhea-AI Summary
Plexus Corp. (NASDAQ: PLXS) announced that it will not meet its fiscal first quarter revenue guidance, attributing the shortfall to market-driven inventory corrections and weaker demand from the Healthcare/Lifesciences and Industrial market sectors. The company now expects lower revenue, operating margin, and EPS for the quarter. Despite this, the CEO remains confident in the long-term strategy, emphasizing customer service excellence, cost management, and cash generation. The company also approved a new $50 million share repurchase program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.26%
Tags
buyback earnings
-
News
Plexus Provides Update on Unverified List Removal
Rhea-AI Summary
Plexus Corp. (NASDAQ: PLXS) has received notification that its China subsidiary, Plexus Xiamen, will be removed from the Bureau of Industry and Security’s Unverified List due to a delay in routine verification of a shipment, swiftly rectified through strong cooperation. The Department of Commerce is expected to publish the removal in January 2024. Plexus remains committed to compliance with U.S. export control laws.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
Tags
none
-
News
Plexus Provides Update on Unverified List Designation
Rhea-AI Summary
Plexus Corp. (NASDAQ: PLXS) has announced that its Xiamen, China subsidiary, Plexus Xiamen, has been placed on the Bureau of Industry and Security’s Unverified List by the U.S Department of Commerce. Despite this, Plexus maintains a strong export compliance program and is working to address the situation in a transparent and collaborative manner.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
Tags
none
News
Plexus Joins the United Nations Global Compact
Rhea-AI Summary
Plexus Corp. (PLXS) joins the UN Global Compact, a voluntary platform for socially responsible business practices. The company aligns with ten principles in human rights, labor, environment, and anti-corruption, supporting UN Sustainable Development Goals. CEO Todd Kelsey emphasizes commitment to sustainable and responsible practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
Tags
none
-
News
Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
Plexus Corp. announces financial results for Q4 and fiscal year 2023, as well as guidance for Q1 2024. Q4 revenue of $1.02 billion, GAAP operating margin of 5.2%, and GAAP diluted EPS of $1.44. Fiscal year 2023 revenue of $4.21 billion, GAAP operating margin of 4.7%, and GAAP diluted EPS of $4.95. Initiates Q1 2024 revenue guidance of $990 million to $1.03 billion with GAAP diluted EPS of $1.15 to $1.33.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.58%
Tags
earnings
-
News
Plexus Sets Fiscal Fourth Quarter 2023 Earnings Release Date
Rhea-AI Summary
Plexus Corp. to release Q4 2023 results and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
earnings
News
Plexus Announces Fiscal Third Quarter Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.52%
Tags
earnings
Stock PLXS logo
Plexus Corp.

Nasdaq:PLXS

PLXS Rankings

#1655 Ranked by Market Cap
#2220 Ranked by Stock Gains
N/A Ranked by Dividends

PLXS Stock Data

2.64B
26.99M
2.1%
99.51%
2.09%
Bare Printed Circuit Board Manufacturing
Manufacturing
Link
US
Neenah

About PLXS

plexus (www.plexus.com) delivers optimized product realization solutions through a unique product realization value stream service model. this customer-focused services model seamlessly integrates innovative product conceptualization, design, commercialization, manufacturing, fulfillment and sustaining services to deliver comprehensive end-to-end solutions for customers in the americas, european and asia-pacific regions. plexus is the industry leader in servicing mid-to-low volume, higher complexity customer programs characterized by unique flexibility, technology, quality and regulatory requirements. award-winning customer service is provided to over 140 branded product companies in the networking/communications, healthcare/life sciences, industrial/commercial and defense/security/aerospace market sectors.