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.
Plexus Corp. (NASDAQ: PLXS) announced it will release its fiscal Q2 2023 results after market close on April 26, 2023. A conference call to discuss these results will be held on April 27, 2023, at 8:30 a.m. Eastern Time. The call will be accessible via audio webcast on the company’s investor relations section of plexus.com. This event offers investors the opportunity to learn insights regarding the company's financial performance and strategic direction. A replay of the webcast will be available on-demand for 12 months following the event.
Plexus Corp. (NASDAQ: PLXS) will participate in the Raymond James 44th Annual Institutional Investors Conference on March 6, 2023. A fireside chat with Plexus' management team is scheduled for 2:50 p.m. Eastern Time. This discussion will be accessible via live webcast.
The webcast will also be available for replay for 90 days following the event, allowing investors and stakeholders to catch up on the insights shared during the conference.
Plexus Corp. reported $1.09 billion in revenue for Q1 FY2023, a 34% year-over-year increase, with a GAAP operating margin of 5.2% and diluted EPS of $1.49.
For Q2 FY2023, guidance ranges from $1.02 billion to $1.07 billion in revenue and diluted EPS of $1.06 to $1.24. The company won 29 new manufacturing programs worth $158 million in annualized revenue and reported a ROIC of 13.8%.
Despite strong performance, Plexus faces near-term demand volatility and challenges in semiconductor markets, leading to adjustments in their cash cycle for Q2.
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