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 (NASDAQ: PLXS) is a leading U.S.-based Electronic Manufacturing Services (EMS) company that specializes in providing comprehensive end-to-end solutions for the creation and distribution of complex products. The company's unique Product Realization Value Stream Service Model integrates product conceptualization, design, commercialization, manufacturing, fulfillment, and sustaining services, ensuring a seamless process for customers across various regions, including the Americas, Europe, the Middle East, Africa (EMEA), and Asia-Pacific (APAC).
Plexus serves over 140 branded product companies across multiple market sectors such as networking/communications, healthcare/life sciences, industrial/commercial, and defense/security/aerospace. The company is particularly known for its ability to handle mid-to-low volume, higher complexity customer programs that require unique flexibility, advanced technology, top-notch quality, and stringent regulatory compliance.
Recently, Plexus has demonstrated a strong commitment to shareholder value by announcing a new $50 million share repurchase program. According to Todd Kelsey, the Chief Executive Officer, this initiative is aimed at returning excess cash to shareholders and creating long-term value by leveraging current market conditions.
Financially, Plexus continues to focus on delivering excellent customer service, managing operational costs efficiently, and generating cash flow. The company's fiscal first-quarter 2024 results are set to be disclosed following market close on January 24, 2024, with a detailed update to be provided during a conference call on January 25, 2024. The results and accompanying materials will be accessible via an audio webcast in the investor relations section of the Plexus website.
Plexus’ commitment to innovation and quality, coupled with its strategic approach to growth and shareholder value, solidifies its position as a significant player in the EMS industry.
Plexus (PLXS) reported fiscal Q4 2024 revenue of $1.05 billion, with GAAP operating margin of 5.1% and EPS of $1.48. The company achieved non-GAAP operating margin of 6.2% and non-GAAP EPS of $1.85. For fiscal 2024, revenue was $3.96 billion with GAAP EPS of $4.01. Notable achievements include winning 26 manufacturing programs worth $230 million in annualized revenue and generating record quarterly free cash flow of $194 million. The company guides fiscal Q1 2025 revenue between $960 million to $1.00 billion with GAAP EPS of $1.25 to $1.40.
Plexus Corp. (NASDAQ: PLXS) has announced the release date for its fiscal fourth quarter and fiscal year 2024 earnings. The company will disclose its financial results after the market closes on Wednesday, October 23, 2024. Following this, Plexus management will host a conference call and webcast to discuss the results on Thursday, October 24, 2024, at 8:30 a.m. Eastern Time.
Investors and interested parties can access the live webcast and accompanying slides through the investor relations section of the Plexus website. The webcast will be archived and available on-demand for 12 months. For those unable to attend the live event, a replay option will be provided.
Plexus Corp. (NASDAQ: PLXS) reported fiscal third quarter 2024 results with revenue of $961 million, GAAP operating margin of 4.1%, and GAAP diluted EPS of $0.91. Non-GAAP operating margin was 5.8% with non-GAAP diluted EPS of $1.45. The company generated $114 million in free cash flow and won 35 manufacturing programs worth $279 million in annualized revenue. For Q4 2024, Plexus expects revenue between $990 million to $1.03 billion with non-GAAP EPS of $1.50 to $1.65. The company anticipates sustained revenue growth momentum into fiscal 2025, driven by Aerospace/Defense strength, Healthcare/Life Sciences growth, and improved demand in semiconductor and broadband communications sectors.
Plexus (NASDAQ: PLXS) announced it will release its fiscal third quarter 2024 results after the market closes on July 24, 2024. The company's management will discuss the results during a conference call on July 25, 2024, at 8:30 a.m. Eastern Time. Interested parties can access the audio webcast and accompanying slides through the investor relations section of the Plexus website, plexus.com. The webcast, which will include insights from the earnings call, will be archived and available on-demand for 12 months.
Plexus Corp. (NASDAQ: PLXS) released its fiscal 2023 Sustainability Report, emphasizing their advances in sustainable business practices. Key achievements include a 8.4% reduction in energy intensity across manufacturing sites, joining the UN Global Compact, and launching Employee Resource Groups for Veterans and LGBTQIA+ members. The report also highlights over $1 million in global donations and nearly 20,000 paid volunteer hours. Plexus aims to lower the global warming potential of products by assessing emissions reduction opportunities and expanding technical capabilities for more sustainable manufacturing. CEO Todd Kelsey and Sr. Director Megan Schleicher emphasized the company's commitment to sustainability and the impact of their initiatives.
Plexus (NASDAQ: PLXS) announced its participation in the 2024 Stifel Cross Sector Insight Conference in Boston, MA, on June 4, 2024.
A fireside chat with Plexus’ management team will take place at 2:25 p.m. Eastern Time and will be accessible via live webcast, which will be available for replay for 90 days.
Participants can join the live event through the provided link.
Cohu, Inc. (NASDAQ: COHU) has appointed Karen M. Rapp to its Board of Directors. Ms. Rapp brings extensive experience in corporate development, financial management, and information technology. With a background in leading companies like National Instruments Corp. and NXP Semiconductors N.V., her expertise will be valuable for Cohu's strategic growth.
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