Plexus Corp

PLXS

Equity

ISIN US7291321005 / Valor 963299

NASDAQ (2024-09-17)

USD 127.84+0.96%

Plexus Corp
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Plexus Corp is a global provider of electronic manufacturing services, offering design, engineering, and manufacturing solutions for a wide range of industries including healthcare, aerospace, and defense.

Summarized from source with an LLMView SourceSector: Technology

Revenue Performance

Plexus Corp. reported fiscal third quarter 2024 revenue of $961 million, which was within their guidance range. This performance reflects the company's ability to meet market expectations and maintain steady revenue streams despite challenging economic conditions.

Operating Margin and EPS

For the fiscal third quarter of 2024, Plexus Corp. achieved a GAAP operating margin of 4.1% and a GAAP diluted EPS of $0.91. On a non-GAAP basis, the operating margin was 5.8% and diluted EPS was $1.45, excluding stock-based compensation expense and restructuring charges.

Free Cash Flow

Plexus Corp. generated $114 million in free cash flow during the fiscal third quarter of 2024, contributing to a year-to-date free cash flow of $147 million. This strong cash flow performance was driven by effective working capital management and operational efficiencies.

Share Repurchase

During the fiscal third quarter of 2024, Plexus Corp. repurchased $18.6 million of its shares at an average price of $100.64 per share. This leaves $19.5 million available under the existing $50.0 million repurchase authorization, indicating ongoing efforts to return value to shareholders.

Future Outlook

Plexus Corp. has provided guidance for the fiscal fourth quarter of 2024, expecting revenue between $990 million and $1.03 billion. The company also anticipates a GAAP diluted EPS of $1.14 to $1.29 and a non-GAAP EPS of $1.50 to $1.65, reflecting optimism for continued growth and profitability.

Summarized from source with an LLMView Source

Key figures

42.0%1Y

43.6%3Y

101%5Y

Performance

28.9%1Y

30.0%3Y

35.9%5Y

Volatility