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.
Overview
Plexus Corp (PLXS) is an established electronic manufacturing services provider that offers end-to-end product realization solutions through a comprehensive integration of engineering, design, manufacturing, fulfillment, and sustaining support. The company effectively combines advanced engineering capabilities with innovative design processes and robust manufacturing operations to service complex, mid-to-low volume projects that demand precise customization and regulatory compliance. By seamlessly managing the entire product lifecycle, Plexus delivers specialized solutions tailored to the unique needs of various market sectors.
Integrated Product Realization Approach
The heart of Plexus Corp's operations lies in its unique product realization value stream service model. This model encompasses every stage from product conceptualization to design engineering, commercialization, and long-term support. The approach is distinguished by a focus on the integration of design, manufacturing, and sustaining services, which allows the company to provide a fully synchronized process. Such integration not only streamlines production but also ensures that each stage adheres to exacting quality standards and regulatory requirements, making it an ideal choice for industries with high complexity and specialized needs.
Global Presence and Operational Excellence
With a robust footprint in the Americas, Europe, and Asia-Pacific, Plexus Corp has strategically positioned itself to serve over 140 branded product companies across various sectors. The company's global operations enhance its ability to understand and meet diverse client requirements, bridging geographical and regulatory gaps with efficiency. This extensive reach allows for smooth supply chain management, adaptive production scaling, and consistent service delivery in multiple markets, all while maintaining an unwavering commitment to quality and innovation.
Industry-Specific Expertise
Plexus Corp leverages deep industry expertise to manage projects in fields that require a high degree of customization and attention to detail. Its clientele spans multiple high-stakes markets, such as networking/communications, healthcare/life sciences, industrial/commercial applications, and defense/security/aerospace. Such diversity necessitates a nuanced understanding of each industry’s specific standards and challenges. By employing terms like electronic manufacturing services and engineering design solutions, Plexus communicates its technical proficiency and operational excellence in handling intricate product demands and stringent quality benchmarks.
Tailored Service Model and Competitive Differentiators
What sets Plexus Corp apart is its unwavering focus on delivering customer-centric, comprehensive solutions. The company prioritizes award-winning customer service and detailed project management, ensuring that every phase—from design to end-of-life product support—is executed with precision. The specialized service model is particularly adept at serving mid-to-low volume, high-complexity programs, where flexibility, technical rigor, and compliance with diverse regulatory environments are critical. These differentiators position Plexus as a trusted partner in industries where standard mass production is not sufficient and bespoke solutions are essential.
Operational Structure and Business Model
The operational structure of Plexus Corp integrates several key components, including conceptualization, design, commercialization, manufacturing, fulfillment, and sustaining support services. Revenue generation is rooted in long-term service contracts and continuous technological enhancements provided to a diverse client base. This business model emphasizes quality, innovation, and adaptability rather than just volume, catering to markets where precision engineering and regulatory adherence are paramount. The company’s ability to adapt its service offerings to meet rapidly changing technological demands while maintaining process integrity speaks to its refined operational discipline.
Technical Capacities and Engineering Leadership
Central to Plexus Corp’s value proposition is its strong engineering culture. The company employs advanced manufacturing technologies and innovative design methodologies to optimize product performance and reliability. By integrating cutting-edge engineering practices with real-world manufacturing capabilities, Plexus ensures that every project meets rigorous industry standards. Its methodologies encompass meticulous quality control measures and adaptive production techniques, which are critical for successfully managing the complexities of varied product portfolios.
Conclusion
In summary, Plexus Corp exemplifies a comprehensive provider of electronic manufacturing services and product realization solutions. Its integrated, end-to-end service model, combined with a global operational footprint and deep industry expertise, makes it a vital actor in sectors characterized by high complexity and specialized regulatory requirements. For market researchers and industry enthusiasts, Plexus Corp offers a detailed portrayal of how tailored engineering solutions and advanced manufacturing practices can come together to support diverse product profiles in a competitive and demanding global marketplace.
Plexus Corp. (NASDAQ: PLXS) has announced its participation in the Raymond James 46th Annual Institutional Investors Conference in Orlando, FL on March 3, 2025. The company's management team will engage in a fireside chat session scheduled for 2:50 p.m. Eastern Time.
The event will be accessible via a live webcast, with the presentation remaining available for replay through a dedicated link for 90 days following the live event. Interested participants can access the webcast through the provided link on the company's website.
For those seeking additional information, Shawn Harrison serves as the Investor and Media Contact and can be reached at +1.920.969.6325 or shawn.harrison@plexus.com.
Plexus (NASDAQ: PLXS) reported fiscal Q1 2025 results with revenue of $976 million, GAAP operating margin of 4.8%, and GAAP diluted EPS of $1.34. Non-GAAP EPS reached $1.73, exceeding guidance. The company generated $27 million in free cash flow, marking their best Q1 performance in five years.
Key highlights include winning 30 manufacturing programs worth $212 million in annualized revenue, maintaining a strong cash cycle of 68 days, and achieving a 13.8% return on invested capital. The company repurchased $12.8 million of shares and reduced borrowing by $37 million.
For Q2 2025, Plexus guides revenue between $960 million to $1.00 billion, with non-GAAP operating margin of 5.3% to 5.7% and non-GAAP EPS of $1.46 to $1.61. Management expects meaningful EPS growth in fiscal 2025, supported by revenue expansion across all market sectors.
Plexus Corp. (NASDAQ: PLXS) has announced the release date for its fiscal first quarter 2025 financial results. The company will publish its earnings report after market close on Wednesday, January 22, 2025.
Management will host a conference call to discuss the quarterly results on Thursday, January 23, 2025 at 8:30 a.m. Eastern Time. The call will include an audio webcast and accompanying slides, accessible through the investor relations section of the company's website. The webcast will be archived and available on-demand for 12 months on the Plexus website.
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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