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 (PLXS) announced a live webcast on June 8, 2021, during Stifel’s Virtual Cross Sector Insight Conference to discuss the effects of Malaysia's COVID-19 workforce curtailment on its fiscal third quarter results. The company expressed concerns about not meeting its revenue guidance of $875 to $915 million and GAAP diluted EPS of $1.23 to $1.38 previously provided on April 21, 2021. Plexus aims to ensure the safety of its team members while supporting customers amid these challenges.
Plexus (NASDAQ: PLXS) announced a temporary two-week workforce reduction mandated by the Malaysian government due to rising COVID-19 cases, impacting operations in the region. Consequently, the company anticipates missing its fiscal third quarter revenue guidance of $875 to $915 million and GAAP diluted EPS of $1.23 to $1.38. Despite these challenges, Plexus remains optimistic about future growth, targeting 9-12% annual revenue growth in fiscal 2022, supported by strong demand in key sectors such as robotic-assisted surgery and industrial automation.
Plexus (NASDAQ: PLXS) will participate in the 16th Annual Needham Virtual Technology & Media Conference on May 17, 2021, featuring a fireside chat with its management team at 11:00 am Eastern Time. The event will be accessible via a live webcast, and a replay will be available for 365 days post-event. Plexus specializes in comprehensive product realization services across various industries, focusing on complex products and regulatory challenges.
Plexus reported fiscal Q2 2021 revenue of $881 million with a GAAP diluted EPS of $1.42, which includes restructuring charges and stock-based compensation. The guidance for Q3 revenue is set between $875 and $915 million, with EPS expected to be $1.23 to $1.38. The company won 42 new manufacturing programs during the quarter, translating to $284 million in annualized revenue. Plexus also experienced a return on invested capital (ROIC) of 17.3% and plans to generate approximately $100 million in free cash flow for fiscal 2021.
Plexus (NASDAQ: PLXS) has commenced construction on a new 400,000 square foot manufacturing facility in Bangkok, Thailand, expected to be operational by the fiscal third quarter of 2022. This state-of-the-art facility will enhance Plexus' capacity in the APAC region, adding 1,800 new jobs to support future growth. Emphasizing sustainability, the facility will incorporate energy-efficient designs and green initiatives. Executive leaders believe this expansion is vital for meeting growing customer demands and reinforcing the company's operational excellence in complex market environments.
Plexus (NASDAQ: PLXS) will announce its fiscal Q2 2021 results after market close on April 21, 2021. A conference call to discuss the results is scheduled for April 22 at 8:30 a.m. ET. Participants can access the live webcast and slides through the investor relations section of Plexus' website. The company, a leader in product realization, specializes in design, development, manufacturing, and aftermarket services for complex products. For further information, visit plexus.com.
Plexus has announced its participation in the 42nd Annual Raymond James Institutional Investors Conference, scheduled for March 1-2, 2021. On March 1, at 3:50 PM ET, the company's management will engage in a fireside chat, which will be accessible via a live webcast. Participants can join the event through a provided link, and a replay will be available for 30 days post-event. Plexus, founded in 1979, is recognized for its comprehensive solutions in design, supply chain management, and manufacturing, serving industries with complex products and regulatory requirements.
Plexus reported fiscal first quarter 2021 revenue of $830 million and a GAAP diluted EPS of $1.23, exceeding guidance expectations. The company initiated second quarter revenue guidance of $860 to $900 million with EPS of $1.17 to $1.32. Notably, Plexus won 35 new manufacturing programs, projecting an annualized revenue of $223 million. The return on invested capital stood at 16.3%, with a healthy cash position of over $350 million and no debt. The outlook includes strong demand in healthcare and industrial sectors, positioning Plexus for significant growth.
Plexus (NASDAQ: PLXS) will announce its fiscal Q1 2021 results after the market closes on January 20, 2021. A conference call is scheduled for January 21, 2021, at 8:30 a.m. ET to discuss the results. The call will be accessible via a live webcast on the Plexus website, with archived playback available afterwards. The company, established in 1979, specializes in product realization services, including design, supply chain solutions, and manufacturing for complex products across various industries.
Plexus reported record fiscal fourth quarter revenue of $913 million, exceeding guidance expectations and contributing to a total fiscal year revenue of $3.4 billion, a 7% increase from the previous year. The fourth quarter GAAP diluted EPS was $1.26, including $0.23 stock-based compensation. For the fiscal first quarter of 2021, the company projects revenue between $810 million and $850 million with GAAP diluted EPS guidance of $1.02 to $1.17. Free cash flow reached $160 million for the year, indicating solid financial stability.
FAQ
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