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Last $38.63 USD
Change Today +0.49 / 1.28%
Volume 344.6K
PLXS On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

plexus corp (PLXS) Key Developments

Plexus Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 4, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year 2015

Plexus Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended July 4, 2015. For the quarter, the company reported net sales of $669,585,000 against $620,505,000 a year ago. Operating profit was $28,631,000 against $28,198,000 a year ago. Income before income taxes was $26,688,000 against $27,184,000 a year ago. Net income was $23,794,000 or $0.69 per diluted share against $24,584,000 or $0.71 per diluted share a year ago. Adjusted operating profit was $28,631,000 against $29,413,000 a year ago. Adjusted net income was $23,794,000 or $0.69 per diluted share against $25,799,000 or $0.74 per diluted share a year ago. For the three months ended July 4, 2015, cash flow provided by operations was approximately $15 million and capital expenditures were approximately $10 million, resulting in positive free cash flow of approximately $5 million. For the nine months, the company reported net sales of $1,985,560,000 against $1,712,026,000 a year ago. Operating profit was $86,865,000 against $68,959,000 a year ago. Income before income taxes was $79,526,000 against $64,281,000 a year ago. Net income was $70,467,000 or $2.05 per diluted share against $60,763,000 or $1.75 per diluted share a year ago. Adjusted operating profit was $88,556,000 against $79,824,000 a year ago. Adjusted net income was $23,794,000 or $0.69 per diluted share against $25,799,000 or $0.74 per diluted share a year ago. For the fourth quarter of 2015, the company expects fiscal fourth quarter 2015 revenue of $650 to $680 million. Achieving the midpoint of guidance would result in full year revenue growth just shy of 12% enduring goal. At this level of revenue the company expects diluted EPS in the range of $0.64 to $0.72 for the fiscal fourth quarter. Gross margin is expected to be in the range of 8.7% to 9.0% comparable to the fiscal third quarter of 2015. Tax rate to be 10% to 12%. For the full year 2015, cash flow to be in the range of $40 million to $60 million. Capital spending to be approximately $40 million. Free cash flow to be in the range of $40 million to $60 million. Tax rate to be 10% to 12%.

Plexus Corp. Appoints Oliver Mihm as New Regional President for the EMEA Region

Plexus Corp. announced the appointment of Oliver Mihm, 43, as the new Regional President for the EMEA region. With this appointment, Mr. Mihm assumes leadership responsibilities for the strategy and execution of all aspects of Plexus' business within EMEA. Mr. Mihm will be based out of the Plexus' Darmstadt Design Center in Germany. Mr. Mihm joined Plexus in 2000 as a Design Engineer and quickly progressed through a number of leadership roles. Most recently he served as the Senior Vice President of Global Engineering Solutions since 2011 and in 2014 expanded those responsibilities to include oversight of the Industrial/Commercial market sector as Market Sector Vice President.

Plexus Corp. Announces Preliminary Results for the Fiscal Third Quarter Ended July 4, 2015

Plexus Corp. announced preliminary results for its fiscal third quarter ended July 4, 2015. The company expects to report fiscal third quarter revenue of approximately $670 million and diluted earnings per share in the range of $0.67 to $0.70, compared to its previously announced revenue guidance of $670 to $700 million with diluted earnings per share of $0.71 to $0.79.

Plexus Corp. to Report Q3, 2015 Results on Jul 22, 2015

Plexus Corp. announced that they will report Q3, 2015 results After-Market on Jul 22, 2015

Plexus Corp., Q3 2015 Earnings Call, Jul 23, 2015

Plexus Corp., Q3 2015 Earnings Call, Jul 23, 2015

 

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PLXS

Industry Average

Valuation PLXS Industry Range
Price/Earnings 13.6x
Price/Sales 0.5x
Price/Book 1.5x
Price/Cash Flow 13.2x
TEV/Sales 0.3x
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