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.
The Plexus Corp (NASDAQ: PLXS) news page on Stock Titan aggregates company announcements and third-party coverage related to its operations as an electronics manufacturing services provider. Plexus regularly issues news releases from Neenah, Wisconsin detailing its financial results, earnings guidance and participation in investor conferences.
Investors following PLXS news will find quarterly earnings announcements that include revenue, operating margin, diluted earnings per share, non-GAAP performance measures, return on invested capital, free cash flow and cash cycle metrics. The company also reports on manufacturing program wins, which represent annualized revenue when fully ramped into production, and provides commentary on working capital initiatives and share repurchase activity.
Beyond financial results, Plexus news includes notices of upcoming earnings release dates and conference calls, as well as participation in events such as institutional investor conferences. These items provide context on how and when management communicates with the investment community.
News items may also reference customer partnerships that rely on Plexus’ design, supply chain, manufacturing and sustaining services capabilities, illustrating how the company supports complex products in aerospace/defense, healthcare/life sciences and industrial markets. For anyone tracking PLXS stock, this page offers a centralized view of the company’s official updates and related coverage over time.
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.
Plexus Corp. (NASDAQ: PLXS) will release its fiscal first quarter 2023 results on January 25, 2023, after market close. A conference call to discuss the results will take place on January 26, 2023, at 8:30 a.m. Eastern Time. Investors can access an audio webcast of the call and accompanying slides on Plexus' investor relations page at plexus.com. The replay of the webcast will be available for on-demand viewing for 12 months post-event.
Plexus Corp. (NASDAQ: PLXS) announced its participation as a founding member of the Semiconductor Climate Consortium (SCC), aimed at reducing greenhouse gas emissions in the semiconductor sector. Supported by SEMI, the SCC is focused on collaboration and transparency among industry leaders to meet sustainability goals aligned with the Paris Agreement. Plexus emphasizes its commitment to supporting customers in sustainable manufacturing practices, further advancing its ESG initiatives. The company continues to strive for excellence in product lifecycle management, addressing complex supply chains, and fostering innovation.
Plexus Corp. (PLXS) reported record fiscal fourth quarter 2022 revenue of $1.12 billion, marking a 33% year-over-year growth. The GAAP operating margin was 5.5%, and GAAP diluted EPS was $1.78. For fiscal 2022, total revenue reached $3.81 billion with a GAAP diluted EPS of $4.86. The company initiated guidance for fiscal Q1 2023 with expected revenue between $1.08 to $1.13 billion and GAAP diluted EPS of $1.40 to $1.58. Plexus secured 32 manufacturing programs, representing $214 million in annualized revenue.
Plexus Corp. (NASDAQ: PLXS) will announce its fiscal Q4 2022 results after the market closes on October 26, 2022. Management will host a conference call on October 27 at 8:30 a.m. ET to discuss the financial outcomes. Investors can access the live webcast and slides on the company's investor relations webpage. A replay of the call will be available on-demand for 12 months post-event. This call is anticipated to provide insights into Plexus’ performance within complex product industries.
Plexus Corp. (NASDAQ: PLXS) reported record fiscal Q3 revenue of $981 million, a 21% year-over-year growth. GAAP operating margin was 5.1%, with diluted EPS of $1.33, exceeding guidance. For Q4, the company projects revenue between $980 million and $1.020 billion, with EPS expected between $1.19 and $1.35. Plexus won 47 manufacturing programs worth $201 million in annualized revenue. Despite challenges in supply chains, the company aims for sustainable growth in key sectors like commercial space and healthcare.
Plexus Corp. (NASDAQ: PLXS) announced its fiscal third quarter 2022 results will be released on July 27, 2022. A conference call is scheduled for July 28 at 8:30 a.m. ET to discuss these results. Interested participants can access an audio webcast on the company's investor relations website. The archived version will be available for 12 months for on-demand viewing.
Plexus continues to provide design, development, and supply chain solutions, serving industries with complex products and regulatory requirements.
Plexus (NASDAQ: PLXS) will participate in the Stifel Cross Sector Insight Conference on June 7, 2022. A fireside chat with the management team is scheduled for 3:00 p.m. Eastern Time, accessible via live webcast. Interested participants can join the event through the provided link.
The webcast will be available for replay for 90 days post-event. Plexus, founded in 1979, specializes in product realization and serves various industries with complex products.
Plexus Corp. (NASDAQ: PLXS) reported fiscal Q2 2022 revenue of $889 million, surpassing guidance, with a GAAP operating margin of 4.0% and GAAP diluted EPS of $0.95. For Q3 2022, the company expects revenue of $885-$925 million and EPS of $1.02-$1.18. Strong demand led to 38 new manufacturing programs, totaling $313 million in annualized revenue. Free cash flow reached $53 million, doubling net income.
Despite supply chain challenges, Plexus anticipates further growth and an improved operating margin in the upcoming quarter.