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.
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.
Plexus (NASDAQ: PLXS) will participate in the Raymond James 2021 Technology Investors Conference on December 07, 2021. A fireside chat with the management team is scheduled to begin at 4:50 p.m. Eastern Time. Interested participants can access the live webcast through the provided link and will also have the option to replay it for one year after the event. Plexus is recognized for its expertise in Design and Development, Supply Chain Solutions, and Manufacturing for complex products across various industries.
Plexus Corp. (NASDAQ: PLXS) reported Q4 fiscal 2021 revenue of $843 million and GAAP diluted EPS of $1.16, slightly below forecasts due to supply chain shortages and workforce impacts from COVID-19. Full-year revenue was $3.4 billion, up 21% in GAAP EPS from fiscal 2020. For Q1 fiscal 2022, Plexus guides revenue between $825 million to $865 million with EPS of $1.01 to $1.17. The company achieved a 15.4% return on invested capital and repurchased $108.5 million of shares in FY2021.
Plexus Corp. (NASDAQ: PLXS) will release its fiscal Q4 2021 results on October 27, 2021, after market close. A conference call is scheduled for October 28 at 8:30 a.m. ET to discuss the results. Participants can access the live webcast through the Plexus investor relations page or join the call by dialing +1.866.922.5180 with passcode 1489450. The earnings report will be archived on the company's website along with a replay available via telephone. Plexus is recognized for its expertise in Design and Development, Supply Chain Solutions, Manufacturing, and Aftermarket Services.
Plexus Corp. (NASDAQ: PLXS) announced the appointment of Randy J. Martinez, former President and CEO of MTS Systems Corp., to its Board of Directors. Martinez brings extensive experience from his 21-year career in the U.S. Air Force and various leadership roles in the aviation, aerospace, defense, and industrial sectors. Chairman Dean Foate expressed excitement about leveraging Martinez's insights to enhance Plexus’s leadership in complex product markets while maintaining industry-leading revenue growth and operational excellence.
Plexus reported fiscal Q3 2021 revenue of $814 million, matching revised expectations, with a GAAP diluted EPS of $0.95. The company won 31 manufacturing programs, potentially adding $275 million in annualized revenue. For Q4 2021, Plexus projects revenue between $875 million and $915 million, with an EPS guidance of $1.13 to $1.29. Operating margin is expected between 4.8% and 5.2%. The company reported a return on invested capital of 15.9%, contributing to $31 million in free cash flow.
Plexus (NASDAQ: PLXS) will release its fiscal Q3 2021 results after the market closes on July 21, 2021. The management will discuss the earnings during a conference call on July 22, 2021, at 8:30 a.m. ET. Investors can access the audio webcast and accompanying slides on the Plexus investor relations website. Replay options are also available. Plexus has been a leader in providing design, manufacturing, and supply chain solutions since 1979, serving customers in complex industries.
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