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Plexus Corp   (PLXS)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 
Price: $91.7600 $-2.95 -3.115%
Day's High: $95.39 Week Perf: -1.86 %
Day's Low: $ 91.71 30 Day Perf: -3.51 %
Volume (M): 291 52 Wk High: $ 114.06
Volume (M$): $ 26,711 52 Wk Avg: $96.43
Open: $93.87 52 Wk Low: $83.84



 Market Capitalization (Millions $) 2,570
 Shares Outstanding (Millions) 28
 Employees 16,000
 Revenues (TTM) (Millions $) 4,099
 Net Income (TTM) (Millions $) 126
 Cash Flow (TTM) (Millions $) -38
 Capital Exp. (TTM) (Millions $) 83

Plexus Corp

Plexus Corp. and its subsidiaries participate in the Electronic Manufacturing Services ("EMS") industry. We partner with our customers to create the products that build a better world. Since 1979, Plexus has been partnering with companies to transform concepts into branded products and deliver them to the market. From idea to aftermarket and everything in between, Plexus is a global leader in providing support for all the facets of the product realization process - Design and Development, Supply Chain Solutions, New Product Introduction, Manufacturing, and Aftermarket Services. Plexus delivers comprehensive end-to-end solutions for customers in the Americas ("AMER"), Europe, Middle East, and Africa ("EMEA") and Asia-Pacific ("APAC") regions.

We specialize in working in industries with highly complex products and demanding regulatory environments. Plexus has partnerships with over 140 customers in the Healthcare and Life Sciences, Industrial and Commercial, Communications, and Aerospace and Defense (formerly known as Defense, Security and Aerospace) market sectors. We leverage our expertise to understand the unique needs of our customers markets and have aligned our processes to provide flexibility, create efficiency and deliver superior quality. Our customers have stringent quality, reliability and regulatory requirements, requiring exceptional production and supply chain agility. Their products require complex configuration management, direct order fulfillment (to end customers), global logistics management and aftermarket services. To service the complexities that our customers products demand, we utilize our full suite of solutions offerings to support our customers’ products from concept to end of life.

Plexus is passionate about being the leading EMS company in the world at servicing mid-to-low volume, higher complexity customer programs, characterized by unique flexibility, technology, quality and regulatory requirements. To deliver on our strategy, we align our operations, processes, workforce and financial metrics to create:

A high performance, accountable organization with a talented workforce that is deeply passionate about driving growth through customer service excellence;
Strategic growth by using customer driven, sector based go-to-market strategies; and
Execution driven by a collaborative, customer centric culture that continuously evaluates and optimizes our business processes to strive to create shareholder value.

We operate flexible manufacturing facilities and design our processes to accommodate customers with multiple product lines and configurations. One or more uniquely configured "focus factories," supported by a tailored supply chain and logistics solution, are designed to meet the flexibility and responsiveness needed to support customer fulfillment requirements.

We accomplish our go-to-market strategy through the four market sectors we serve. Each sector has a market sector vice president and a business development and customer management leader who together oversee and provide leadership to teams that include business development directors, customer directors or managers, supply chain and manufacturing subject matter experts, and market sector analysts. These teams maintain expertise related to each market sector and execute sector strategies aligned to that market’s unique quality and regulatory requirements.

Our market sector teams help define Plexus strategy for growth with a particular emphasis on expanding the value-added solutions we offer customers. Our sales and marketing efforts focus on targeting new customers and expanding business with existing customers. We believe our ability to provide a full range of product realization services gives us a business advantage.

Our financial model aligns with our business strategy. Our primary focus is to earn a return on invested capital ("ROIC") 500 basis points over our weighted average cost of capital ("WACC"), which we refer to as "Economic Return." We review our internal calculation of WACC annually; for fiscal 2017 our WACC was 10.5%. We believe economic profit is a fundamental driver of shareholder value. Plexus measures economic profit by taking the difference between ROIC and WACC and multiplying it by invested capital. By exercising discipline to generate a ROIC in excess of our WACC, with focus on economic profit, our goal is to ensure that we create value for our shareholders.



   Company Address: One Plexus Way Neenah 54957 WI
   Company Phone Number: 969-6000   Stock Exchange / Ticker: NASDAQ PLXS
   


Customers Net Income grew by PLXS's Customers Net Profit Margin fell to

1.31 %

13.16 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Plexus Corp

Revised headline: Plexus Corp Faces Challenging Business Climate with a Steep 10.159% Revenue Decrease in Q1 2024 Earnings Season

In the first quarter of 2024 earnings season, Semiconductors company, Plexus Corp (NASDAQ: PLXS), announced a soft top and bottom-line performance. The company experienced a significant decline in income per share, dropping by -30.2%, and a decrease in revenue by -10.159% year on year. Revenue amounted to $982.14 million compared to $1.09 billion, with earnings per share at $1.04 relative to $1.49 in the first quarter of 2023.
The deterioration of Plexus Corp's business performance is concerning compared to the rest of the Semiconductors industry, which recorded a revenue improvement during the same period. In comparison to the preceding three months, income faded by -28.22%, from $1.45 per share, and revenue decreased by -4.248%, from $1.03 billion. Net profits in the first quarter of 2024 fell by -30.75%, with $29.215 million compared to $42.190 million in the corresponding period a year before.

Management Announcement

Plexus Corp: Striking a Balance Between Compliance and Asset Optimization

Published Wed, Dec 27 2023 9:15 PM UTC



Plexus Corp (NASDAQ: PLXS), a leading electronic manufacturing services company, recently provided an update on its removal from the Bureau of Industry and Security's (BIS) Unverified List. In an official written correspondence from the U.S. Department of Commerce, Plexus received notification that its China subsidiary, Plexus Xiamen, will be removed from the list....

Management Announcement

Plexus Corp Faces Regulatory Hurdles Amidst Strong Financial Performance

Published Wed, Dec 20 2023 2:26 PM UTC



Plexus Corp (NASDAQ: PLXS), a leading electronics manufacturing services company, recently received an update regarding the placement of its Chinese subsidiary, Plexus Xiamen, on the U.S. Department of Commerce's Unverified List. While this development raises concerns about the company's international operations, Plexus Corp has reported a solid gain in its stock v...

Product Service News

Plexus Corp Commits to United Nations Global Compact, Paving the Way for Sustainable Business Practices and Industry Leadership

Published Fri, Dec 15 2023 1:30 PM UTC



Plexus Corp., a leading electronics manufacturing services provider, has announced its membership in the United Nations Global Compact. This voluntary initiative serves as a platform for businesses to develop and implement socially responsible practices. By aligning its operations and strategies with ten universal principles encompassing human rights, labor, enviro...

Plexus Corp

Plexus Corp Faces Sharp Decline in Revenue -8.72%: What Lies Ahead for the Semiconductor Giant?

Plexus Corp, a semiconductor company, recently reported its financial results for the fourth quarter of 2023 earnings season. The company's income fell by 20.45% to $1.45 per share compared to $1.82 per share in the same period a year ago. However, the earnings per share more than doubled, increasing by 158.73% from $0.56 per share in the prior financial reporting period.
The revenue for the fourth quarter of 2023 decreased by 8.72% to $1.03 billion from $1.12 billion in the similar financial reporting period a year ago. Sequentially, the revenue increased by 0.497% from $1.02 billion. Net income for the quarter was $40.261 million, a decline of 20.21% from $50.457 million in the corresponding period a year before.






 

Plexus's Segments
 
 
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