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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.

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.

Rhea-AI Summary
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. announces financial results for Q4 and fiscal year 2023, as well as guidance for Q1 2024. Q4 revenue of $1.02 billion, GAAP operating margin of 5.2%, and GAAP diluted EPS of $1.44. Fiscal year 2023 revenue of $4.21 billion, GAAP operating margin of 4.7%, and GAAP diluted EPS of $4.95. Initiates Q1 2024 revenue guidance of $990 million to $1.03 billion with GAAP diluted EPS of $1.15 to $1.33.
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Plexus Corp. to release Q4 2023 results and host conference call
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FAQ

What is the current stock price of Plexus (PLXS)?

The current stock price of Plexus (PLXS) is $127.42 as of April 1, 2025.

What is the market cap of Plexus (PLXS)?

The market cap of Plexus (PLXS) is approximately 3.4B.

What industries does Plexus Corp serve?

Plexus serves a diverse range of industries, including networking/communications, healthcare/life sciences, industrial/commercial, and defense/security/aerospace, adapting its services to the specific needs of each sector.

What is the core service model of Plexus Corp?

The company operates an integrated product realization model that spans from product conceptualization and design engineering to manufacturing, fulfillment, and ongoing support services.

How does Plexus integrate various manufacturing services?

Plexus uses a unique value stream service model that synchronizes every stage of the product lifecycle, ensuring streamlined operations and adherence to stringent quality and regulatory standards.

What sets Plexus apart from other EMS providers?

Plexus distinguishes itself by specializing in mid-to-low volume, high-complexity programs that require customized solutions, advanced engineering, and rigorous regulatory compliance, unlike standard mass production services.

How extensive is Plexus Corp's global presence?

The company operates across the Americas, Europe, and Asia-Pacific, enabling it to effectively manage diverse regulatory environments and complex supply chains while serving a broad range of international clients.

What quality control measures are implemented by Plexus Corp?

Quality control at Plexus is an integrated part of every process stage, with rigorous checks and standards in place to meet industry-specific regulations and ensure the highest product integrity.

How do advanced technologies factor into Plexus' operations?

Plexus leverages cutting-edge manufacturing technologies and innovative engineering practices to optimize product performance and reliability, aligning with the latest industry advancements.

Does Plexus offer continued support after product commercialization?

Yes, Plexus provides comprehensive sustaining services, including replenishment and refurbishment, ensuring that products continue to meet performance and quality standards throughout their lifecycle.
Plexus Corp

Nasdaq:PLXS

PLXS Rankings

PLXS Stock Data

3.44B
26.54M
1.78%
101.18%
2.35%
Electronic Components
Printed Circuit Boards
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United States
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