Plexus Corp. designs, manufactures and services complex products for customers in demanding regulatory environments. Its lifecycle solutions include design and development, supply chain services, new product introduction, manufacturing and sustaining services for the Aerospace/Defense, Healthcare/Life Sciences and Industrial sectors, including medical devices, aerospace and defense products, industrial automation systems and semiconductor capital equipment.
Company news commonly covers quarterly and annual results, revenue and earnings guidance, manufacturing program wins, customer manufacturing partnerships, free cash flow, share repurchases, leadership transitions and investor conference participation. Updates also reference segment and market-sector demand across the company's global electronics manufacturing and product-realization operations.
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.
Plexus Corp. (NASDAQ: PLXS) announced the appointment of Randy J. Martinez, former President and CEO of MTS Systems Corp., to its Board of Directors. Martinez brings extensive experience from his 21-year career in the U.S. Air Force and various leadership roles in the aviation, aerospace, defense, and industrial sectors. Chairman Dean Foate expressed excitement about leveraging Martinez's insights to enhance Plexus’s leadership in complex product markets while maintaining industry-leading revenue growth and operational excellence.
Plexus reported fiscal Q3 2021 revenue of $814 million, matching revised expectations, with a GAAP diluted EPS of $0.95. The company won 31 manufacturing programs, potentially adding $275 million in annualized revenue. For Q4 2021, Plexus projects revenue between $875 million and $915 million, with an EPS guidance of $1.13 to $1.29. Operating margin is expected between 4.8% and 5.2%. The company reported a return on invested capital of 15.9%, contributing to $31 million in free cash flow.
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.
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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.