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Plexus Corp - PLXS STOCK NEWS

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.

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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.

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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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Plexus Corp. (NASDAQ: PLXS) announces fiscal second quarter financial results with revenue of $967 million, GAAP operating margin of 3.0%, and GAAP diluted EPS of $0.58. Non-GAAP operating margin was 4.2% and non-GAAP diluted EPS was $0.94. Initiates fiscal third quarter revenue guidance of $960 million to $1.00 billion with GAAP diluted EPS of $0.80 to $0.95. Won 32 manufacturing programs worth $255 million. Generated free cash flow of $65 million in Q2. Revenue breakdown by segments and market sectors. ROIC of 9.9% and economic return of 1.7%. Repurchased $17.6 million of shares. Fiscal 2024 free cash flow target of approximately $100 million. Positive outlook for fiscal 2025.
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Plexus Corp. (PLXS) will announce its fiscal second quarter 2024 results on April 24, 2024, followed by a conference call on April 25, 2024. The company will provide an audio webcast for investors and analysts.
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Plexus Corp. (PLXS) will participate in the Raymond James 45th Annual Institutional Investors Conference with a fireside chat on March 4, 2024. The event will feature Plexus' management team discussing key insights and strategies.
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Plexus Corp. (PLXS) reported fiscal first quarter 2024 revenue of $983 million, a GAAP operating margin of 4.6%, and GAAP diluted EPS of $1.04, with a fiscal second quarter 2024 revenue guidance of $930 million to $970 million. The company won 30 manufacturing programs worth $261 million in annualized revenue during the quarter, and the Board of Directors approved a new $50.0 million share repurchase program. The company's CEO, Todd Kelsey, expressed confidence in the company's ability to sustain industry-leading revenue growth and returns over the long term.
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Plexus Corp. (NASDAQ: PLXS) announced that it will not meet its fiscal first quarter revenue guidance, attributing the shortfall to market-driven inventory corrections and weaker demand from the Healthcare/Lifesciences and Industrial market sectors. The company now expects lower revenue, operating margin, and EPS for the quarter. Despite this, the CEO remains confident in the long-term strategy, emphasizing customer service excellence, cost management, and cash generation. The company also approved a new $50 million share repurchase program.
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Plexus Corp. (NASDAQ: PLXS) has received notification that its China subsidiary, Plexus Xiamen, will be removed from the Bureau of Industry and Security’s Unverified List due to a delay in routine verification of a shipment, swiftly rectified through strong cooperation. The Department of Commerce is expected to publish the removal in January 2024. Plexus remains committed to compliance with U.S. export control laws.
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Plexus Corp. (NASDAQ: PLXS) has announced that its Xiamen, China subsidiary, Plexus Xiamen, has been placed on the Bureau of Industry and Security’s Unverified List by the U.S Department of Commerce. Despite this, Plexus maintains a strong export compliance program and is working to address the situation in a transparent and collaborative manner.
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Plexus Corp. (PLXS) joins the UN Global Compact, a voluntary platform for socially responsible business practices. The company aligns with ten principles in human rights, labor, environment, and anti-corruption, supporting UN Sustainable Development Goals. CEO Todd Kelsey emphasizes commitment to sustainable and responsible practices.
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Plexus Corp

Nasdaq:PLXS

PLXS Rankings

PLXS Stock Data

3.32B
26.54M
1.78%
101.18%
2.35%
Electronic Components
Printed Circuit Boards
Link
United States
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