Plexus Corp - PLXS STOCK NEWS

Plexus Corp. (NASDAQ: PLXS) reported fiscal second quarter 2023 revenues of $1.07 billion, reflecting a 21% year-over-year growth. The GAAP operating margin stood at 5.3% with a GAAP diluted EPS of $1.45. For the upcoming fiscal third quarter, the company projects revenue between $1.00 billion and $1.05 billion and a GAAP EPS ranging from $0.76 to $0.94, factoring in approximately $0.29 for restructuring charges. Plexus won 31 new manufacturing programs worth $275 million in annualized revenue during the second quarter, strengthening its sales pipeline to $4.2 billion. The company generated $80 million in free cash flow, nearly double its net income. However, the guidance reflects potential supply chain challenges and semiconductor market weakness.

Plexus Corp. (NASDAQ: PLXS) announced it will release its fiscal Q2 2023 results after market close on April 26, 2023. A conference call to discuss these results will be held on April 27, 2023, at 8:30 a.m. Eastern Time. The call will be accessible via audio webcast on the company’s investor relations section of plexus.com. This event offers investors the opportunity to learn insights regarding the company's financial performance and strategic direction. A replay of the webcast will be available on-demand for 12 months following the event.

Plexus Corp. (NASDAQ: PLXS) will participate in the Raymond James 44th Annual Institutional Investors Conference on March 6, 2023. A fireside chat with Plexus' management team is scheduled for 2:50 p.m. Eastern Time. This discussion will be accessible via live webcast.
The webcast will also be available for replay for 90 days following the event, allowing investors and stakeholders to catch up on the insights shared during the conference.

Plexus Corp. reported $1.09 billion in revenue for Q1 FY2023, a 34% year-over-year increase, with a GAAP operating margin of 5.2% and diluted EPS of $1.49.

For Q2 FY2023, guidance ranges from $1.02 billion to $1.07 billion in revenue and diluted EPS of $1.06 to $1.24. The company won 29 new manufacturing programs worth $158 million in annualized revenue and reported a ROIC of 13.8%.

Despite strong performance, Plexus faces near-term demand volatility and challenges in semiconductor markets, leading to adjustments in their cash cycle for Q2.

Plexus Corp. (NASDAQ: PLXS) will release its fiscal first quarter 2023 results on January 25, 2023, after market close. A conference call to discuss the results will take place on January 26, 2023, at 8:30 a.m. Eastern Time. Investors can access an audio webcast of the call and accompanying slides on Plexus' investor relations page at plexus.com. The replay of the webcast will be available for on-demand viewing for 12 months post-event.

Plexus Corp. (NASDAQ: PLXS) announced its participation as a founding member of the Semiconductor Climate Consortium (SCC), aimed at reducing greenhouse gas emissions in the semiconductor sector. Supported by SEMI, the SCC is focused on collaboration and transparency among industry leaders to meet sustainability goals aligned with the Paris Agreement. Plexus emphasizes its commitment to supporting customers in sustainable manufacturing practices, further advancing its ESG initiatives. The company continues to strive for excellence in product lifecycle management, addressing complex supply chains, and fostering innovation.

Plexus Corp. (PLXS) reported record fiscal fourth quarter 2022 revenue of $1.12 billion, marking a 33% year-over-year growth. The GAAP operating margin was 5.5%, and GAAP diluted EPS was $1.78. For fiscal 2022, total revenue reached $3.81 billion with a GAAP diluted EPS of $4.86. The company initiated guidance for fiscal Q1 2023 with expected revenue between $1.08 to $1.13 billion and GAAP diluted EPS of $1.40 to $1.58. Plexus secured 32 manufacturing programs, representing $214 million in annualized revenue.

Plexus Corp. (NASDAQ: PLXS) will announce its fiscal Q4 2022 results after the market closes on October 26, 2022. Management will host a conference call on October 27 at 8:30 a.m. ET to discuss the financial outcomes. Investors can access the live webcast and slides on the company's investor relations webpage. A replay of the call will be available on-demand for 12 months post-event. This call is anticipated to provide insights into Plexus’ performance within complex product industries.

Plexus Corp. (NASDAQ: PLXS) reported record fiscal Q3 revenue of $981 million, a 21% year-over-year growth. GAAP operating margin was 5.1%, with diluted EPS of $1.33, exceeding guidance. For Q4, the company projects revenue between $980 million and $1.020 billion, with EPS expected between $1.19 and $1.35. Plexus won 47 manufacturing programs worth $201 million in annualized revenue. Despite challenges in supply chains, the company aims for sustainable growth in key sectors like commercial space and healthcare.