Welcome to our dedicated page for Plexus news (Ticker: PLXS), a resource for investors and traders seeking the latest updates and insights on Plexus stock.
Plexus Corp (PLXS) delivers specialized electronic manufacturing services and product realization solutions for complex, regulated industries. This news hub provides investors and professionals with timely updates on corporate developments, financial performance, and operational milestones.
Access official press releases covering quarterly earnings, strategic partnerships, and technology innovations, alongside analysis of regulatory compliance achievements in healthcare and defense sectors. Our curated collection simplifies tracking PLXS's progress in managing intricate product lifecycles across global markets.
Discover updates about engineering design advancements, manufacturing capacity expansions, and supply chain optimizations. Content is organized to help stakeholders monitor the company's performance in networking/communications and industrial/commercial markets while maintaining awareness of quality control initiatives.
Bookmark this page for streamlined access to Plexus Corp's latest announcements, ensuring you stay informed about their customer-centric solutions in high-complexity manufacturing environments.
Plexus Corp. (NASDAQ: PLXS) reported fiscal second quarter 2023 revenues of $1.07 billion, reflecting a 21% year-over-year growth. The GAAP operating margin stood at 5.3% with a GAAP diluted EPS of $1.45. For the upcoming fiscal third quarter, the company projects revenue between $1.00 billion and $1.05 billion and a GAAP EPS ranging from $0.76 to $0.94, factoring in approximately $0.29 for restructuring charges. Plexus won 31 new manufacturing programs worth $275 million in annualized revenue during the second quarter, strengthening its sales pipeline to $4.2 billion. The company generated $80 million in free cash flow, nearly double its net income. However, the guidance reflects potential supply chain challenges and semiconductor market weakness.
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