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 (NASDAQ: PLXS) is a leading U.S.-based Electronic Manufacturing Services (EMS) company that specializes in providing comprehensive end-to-end solutions for the creation and distribution of complex products. The company's unique Product Realization Value Stream Service Model integrates product conceptualization, design, commercialization, manufacturing, fulfillment, and sustaining services, ensuring a seamless process for customers across various regions, including the Americas, Europe, the Middle East, Africa (EMEA), and Asia-Pacific (APAC).
Plexus serves over 140 branded product companies across multiple market sectors such as networking/communications, healthcare/life sciences, industrial/commercial, and defense/security/aerospace. The company is particularly known for its ability to handle mid-to-low volume, higher complexity customer programs that require unique flexibility, advanced technology, top-notch quality, and stringent regulatory compliance.
Recently, Plexus has demonstrated a strong commitment to shareholder value by announcing a new $50 million share repurchase program. According to Todd Kelsey, the Chief Executive Officer, this initiative is aimed at returning excess cash to shareholders and creating long-term value by leveraging current market conditions.
Financially, Plexus continues to focus on delivering excellent customer service, managing operational costs efficiently, and generating cash flow. The company's fiscal first-quarter 2024 results are set to be disclosed following market close on January 24, 2024, with a detailed update to be provided during a conference call on January 25, 2024. The results and accompanying materials will be accessible via an audio webcast in the investor relations section of the Plexus website.
Plexus’ commitment to innovation and quality, coupled with its strategic approach to growth and shareholder value, solidifies its position as a significant player in the EMS industry.
Plexus Corp. (NASDAQ: PLXS) announced its fiscal third quarter 2022 results will be released on July 27, 2022. A conference call is scheduled for July 28 at 8:30 a.m. ET to discuss these results. Interested participants can access an audio webcast on the company's investor relations website. The archived version will be available for 12 months for on-demand viewing.
Plexus continues to provide design, development, and supply chain solutions, serving industries with complex products and regulatory requirements.
Plexus (NASDAQ: PLXS) will participate in the Stifel Cross Sector Insight Conference on June 7, 2022. A fireside chat with the management team is scheduled for 3:00 p.m. Eastern Time, accessible via live webcast. Interested participants can join the event through the provided link.
The webcast will be available for replay for 90 days post-event. Plexus, founded in 1979, specializes in product realization and serves various industries with complex products.
Plexus Corp. (NASDAQ: PLXS) reported fiscal Q2 2022 revenue of $889 million, surpassing guidance, with a GAAP operating margin of 4.0% and GAAP diluted EPS of $0.95. For Q3 2022, the company expects revenue of $885-$925 million and EPS of $1.02-$1.18. Strong demand led to 38 new manufacturing programs, totaling $313 million in annualized revenue. Free cash flow reached $53 million, doubling net income.
Despite supply chain challenges, Plexus anticipates further growth and an improved operating margin in the upcoming quarter.
Plexus Corp. (NASDAQ: PLXS) will release its fiscal Q2 2022 results after market close on April 27, 2022. Management will host a conference call on April 28 at 8:30 a.m. ET to discuss the results. Participants can join the call via the Plexus investor relations website or by calling +1.866.922.5180 with passcode 5067109. The webcast will be archived for later access. Plexus specializes in providing Design and Development, Supply Chain Solutions, and Manufacturing services, catering to industries with complex and regulated products.
Plexus Corp. (NASDAQ: PLXS) has confirmed its fiscal Q2 revenue guidance between $820 million and $860 million, with a GAAP operating margin ranging from 3.6% to 4.0% and GAAP EPS projected at $0.76 to $0.92 as previously announced on January 26, 2022. The company is set to participate in a webcast fireside chat today at 4:00 p.m. ET during the Raymond James 43rd Annual Institutional Investors Conference in Orlando, Florida.
Plexus (NASDAQ: PLXS) will participate in the Raymond James 43rd Annual Institutional Investors Conference on March 7-8, 2022, in Orlando, FL. A fireside chat with Plexus’ management team is scheduled for March 7 at 4:00 p.m. Eastern Time, and it will be available via live webcast. Participants can access the event and a replay for one year through the provided link. Plexus, known as The Product Realization Company, has been dedicated to partnering with companies to drive innovative product solutions since 1979.
Plexus Corp. (NASDAQ: PLXS) announced the promotions of Steve Frisch to President and Chief Strategy Officer and Oliver Mihm to Executive Vice President and Chief Operating Officer. These changes aim to enhance organizational talent and drive long-term growth amid a complex operating environment. Frisch will oversee innovation and market strategies, while Mihm will ensure global operational alignment. CEO Todd Kelsey highlighted these promotions as part of succession planning and the path to achieving $5 billion in revenue with a 5.5% GAAP operating margin by fiscal 2025.
Plexus Corp. (NASDAQ: PLXS) reported fiscal Q1 2022 revenue of $817 million with a GAAP operating margin of 3.7% and diluted EPS of $0.82. The company anticipates Q2 revenue guidance between $820 million to $860 million and diluted EPS ranging from $0.76 to $0.92, influenced by supply chain constraints. Plexus secured 41 manufacturing programs during Q1, translating to $271 million in annualized revenue. However, operating margins and profitability may be challenged due to infrastructure costs and seasonal compensation increases.
Plexus Corp. (NASDAQ: PLXS) has announced it will not meet its fiscal Q1 revenue guidance of $825-$865 million due to unforeseen supply chain challenges. The company now expects revenue of $815-$820 million and GAAP diluted EPS of $0.80-$0.84, which includes $2 million in severance costs. CEO Todd Kelsey indicated that despite robust demand, supplier delivery issues have impacted revenue and margin. For Q2, Plexus anticipates sequential revenue growth but limited GAAP EPS improvement due to ongoing costs. The company aims to return to a 9-12% revenue CAGR and 5.5% operating margin in the long term.
Plexus Corp. (NASDAQ: PLXS) is set to release its fiscal Q1 2022 results on January 26, 2022, after market close. A conference call will follow on January 27, 2022, at 8:30 a.m. Eastern Time, to discuss these results. This will be accessible via the company’s website and through a dedicated phone line. The earnings report and call will provide critical insights for investors regarding the company’s performance in the fiscal quarter.
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