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.
The Plexus Corp (NASDAQ: PLXS) news page on Stock Titan aggregates company announcements and third-party coverage related to its operations as an electronics manufacturing services provider. Plexus regularly issues news releases from Neenah, Wisconsin detailing its financial results, earnings guidance and participation in investor conferences.
Investors following PLXS news will find quarterly earnings announcements that include revenue, operating margin, diluted earnings per share, non-GAAP performance measures, return on invested capital, free cash flow and cash cycle metrics. The company also reports on manufacturing program wins, which represent annualized revenue when fully ramped into production, and provides commentary on working capital initiatives and share repurchase activity.
Beyond financial results, Plexus news includes notices of upcoming earnings release dates and conference calls, as well as participation in events such as institutional investor conferences. These items provide context on how and when management communicates with the investment community.
News items may also reference customer partnerships that rely on Plexus’ design, supply chain, manufacturing and sustaining services capabilities, illustrating how the company supports complex products in aerospace/defense, healthcare/life sciences and industrial markets. For anyone tracking PLXS stock, this page offers a centralized view of the company’s official updates and related coverage over time.
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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.