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 (NASDAQ: PLXS) will release its fiscal Q3 2021 results after the market closes on July 21, 2021. The management will discuss the earnings during a conference call on July 22, 2021, at 8:30 a.m. ET. Investors can access the audio webcast and accompanying slides on the Plexus investor relations website. Replay options are also available. Plexus has been a leader in providing design, manufacturing, and supply chain solutions since 1979, serving customers in complex industries.
Plexus (PLXS) announced a live webcast on June 8, 2021, during Stifel’s Virtual Cross Sector Insight Conference to discuss the effects of Malaysia's COVID-19 workforce curtailment on its fiscal third quarter results. The company expressed concerns about not meeting its revenue guidance of $875 to $915 million and GAAP diluted EPS of $1.23 to $1.38 previously provided on April 21, 2021. Plexus aims to ensure the safety of its team members while supporting customers amid these challenges.
Plexus (NASDAQ: PLXS) announced a temporary two-week workforce reduction mandated by the Malaysian government due to rising COVID-19 cases, impacting operations in the region. Consequently, the company anticipates missing its fiscal third quarter revenue guidance of $875 to $915 million and GAAP diluted EPS of $1.23 to $1.38. Despite these challenges, Plexus remains optimistic about future growth, targeting 9-12% annual revenue growth in fiscal 2022, supported by strong demand in key sectors such as robotic-assisted surgery and industrial automation.
Plexus (NASDAQ: PLXS) will participate in the 16th Annual Needham Virtual Technology & Media Conference on May 17, 2021, featuring a fireside chat with its management team at 11:00 am Eastern Time. The event will be accessible via a live webcast, and a replay will be available for 365 days post-event. Plexus specializes in comprehensive product realization services across various industries, focusing on complex products and regulatory challenges.
Plexus reported fiscal Q2 2021 revenue of $881 million with a GAAP diluted EPS of $1.42, which includes restructuring charges and stock-based compensation. The guidance for Q3 revenue is set between $875 and $915 million, with EPS expected to be $1.23 to $1.38. The company won 42 new manufacturing programs during the quarter, translating to $284 million in annualized revenue. Plexus also experienced a return on invested capital (ROIC) of 17.3% and plans to generate approximately $100 million in free cash flow for fiscal 2021.
Plexus (NASDAQ: PLXS) has commenced construction on a new 400,000 square foot manufacturing facility in Bangkok, Thailand, expected to be operational by the fiscal third quarter of 2022. This state-of-the-art facility will enhance Plexus' capacity in the APAC region, adding 1,800 new jobs to support future growth. Emphasizing sustainability, the facility will incorporate energy-efficient designs and green initiatives. Executive leaders believe this expansion is vital for meeting growing customer demands and reinforcing the company's operational excellence in complex market environments.
Plexus (NASDAQ: PLXS) will announce its fiscal Q2 2021 results after market close on April 21, 2021. A conference call to discuss the results is scheduled for April 22 at 8:30 a.m. ET. Participants can access the live webcast and slides through the investor relations section of Plexus' website. The company, a leader in product realization, specializes in design, development, manufacturing, and aftermarket services for complex products. For further information, visit plexus.com.
Plexus has announced its participation in the 42nd Annual Raymond James Institutional Investors Conference, scheduled for March 1-2, 2021. On March 1, at 3:50 PM ET, the company's management will engage in a fireside chat, which will be accessible via a live webcast. Participants can join the event through a provided link, and a replay will be available for 30 days post-event. Plexus, founded in 1979, is recognized for its comprehensive solutions in design, supply chain management, and manufacturing, serving industries with complex products and regulatory requirements.
Plexus reported fiscal first quarter 2021 revenue of $830 million and a GAAP diluted EPS of $1.23, exceeding guidance expectations. The company initiated second quarter revenue guidance of $860 to $900 million with EPS of $1.17 to $1.32. Notably, Plexus won 35 new manufacturing programs, projecting an annualized revenue of $223 million. The return on invested capital stood at 16.3%, with a healthy cash position of over $350 million and no debt. The outlook includes strong demand in healthcare and industrial sectors, positioning Plexus for significant growth.
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