Plexus Corp Stock Price, News & Analysis

Plexus Corp. (NASDAQ: PLXS) has confirmed its fiscal Q2 revenue guidance between $820 million and $860 million, with a GAAP operating margin ranging from 3.6% to 4.0% and GAAP EPS projected at $0.76 to $0.92 as previously announced on January 26, 2022. The company is set to participate in a webcast fireside chat today at 4:00 p.m. ET during the Raymond James 43rd Annual Institutional Investors Conference in Orlando, Florida.

Plexus (NASDAQ: PLXS) will participate in the Raymond James 43rd Annual Institutional Investors Conference on March 7-8, 2022, in Orlando, FL. A fireside chat with Plexus’ management team is scheduled for March 7 at 4:00 p.m. Eastern Time, and it will be available via live webcast. Participants can access the event and a replay for one year through the provided link. Plexus, known as The Product Realization Company, has been dedicated to partnering with companies to drive innovative product solutions since 1979.

Plexus Corp. (NASDAQ: PLXS) announced the promotions of Steve Frisch to President and Chief Strategy Officer and Oliver Mihm to Executive Vice President and Chief Operating Officer. These changes aim to enhance organizational talent and drive long-term growth amid a complex operating environment. Frisch will oversee innovation and market strategies, while Mihm will ensure global operational alignment. CEO Todd Kelsey highlighted these promotions as part of succession planning and the path to achieving $5 billion in revenue with a 5.5% GAAP operating margin by fiscal 2025.

Plexus Corp. (NASDAQ: PLXS) reported fiscal Q1 2022 revenue of $817 million with a GAAP operating margin of 3.7% and diluted EPS of $0.82. The company anticipates Q2 revenue guidance between $820 million to $860 million and diluted EPS ranging from $0.76 to $0.92, influenced by supply chain constraints. Plexus secured 41 manufacturing programs during Q1, translating to $271 million in annualized revenue. However, operating margins and profitability may be challenged due to infrastructure costs and seasonal compensation increases.

Plexus Corp. (NASDAQ: PLXS) has announced it will not meet its fiscal Q1 revenue guidance of $825-$865 million due to unforeseen supply chain challenges. The company now expects revenue of $815-$820 million and GAAP diluted EPS of $0.80-$0.84, which includes $2 million in severance costs. CEO Todd Kelsey indicated that despite robust demand, supplier delivery issues have impacted revenue and margin. For Q2, Plexus anticipates sequential revenue growth but limited GAAP EPS improvement due to ongoing costs. The company aims to return to a 9-12% revenue CAGR and 5.5% operating margin in the long term.

Plexus Corp. (NASDAQ: PLXS) is set to release its fiscal Q1 2022 results on January 26, 2022, after market close. A conference call will follow on January 27, 2022, at 8:30 a.m. Eastern Time, to discuss these results. This will be accessible via the company’s website and through a dedicated phone line. The earnings report and call will provide critical insights for investors regarding the company’s performance in the fiscal quarter.

Plexus (NASDAQ: PLXS) will participate in the Raymond James 2021 Technology Investors Conference on December 07, 2021. A fireside chat with the management team is scheduled to begin at 4:50 p.m. Eastern Time. Interested participants can access the live webcast through the provided link and will also have the option to replay it for one year after the event. Plexus is recognized for its expertise in Design and Development, Supply Chain Solutions, and Manufacturing for complex products across various industries.

Plexus Corp. (NASDAQ: PLXS) reported Q4 fiscal 2021 revenue of $843 million and GAAP diluted EPS of $1.16, slightly below forecasts due to supply chain shortages and workforce impacts from COVID-19. Full-year revenue was $3.4 billion, up 21% in GAAP EPS from fiscal 2020. For Q1 fiscal 2022, Plexus guides revenue between $825 million to $865 million with EPS of $1.01 to $1.17. The company achieved a 15.4% return on invested capital and repurchased $108.5 million of shares in FY2021.

Plexus Corp. (NASDAQ: PLXS) will release its fiscal Q4 2021 results on October 27, 2021, after market close. A conference call is scheduled for October 28 at 8:30 a.m. ET to discuss the results. Participants can access the live webcast through the Plexus investor relations page or join the call by dialing +1.866.922.5180 with passcode 1489450. The earnings report will be archived on the company's website along with a replay available via telephone. Plexus is recognized for its expertise in Design and Development, Supply Chain Solutions, Manufacturing, and Aftermarket Services.