The Knowledge Base: The Impact of Harsh Environments on Residue Tolerance
Standard of Excellence: Hiring for Quality Positions in Manufacturing, Engineering, and Management
Global Citizenship: What I’ve Learned About the American PCB Business
Plexus Posts Record Revenue of $670M in 3QFY2015
July 23, 2015 | Plexus Corp.Estimated reading time: 1 minute
Plexus earned record revenue of $670 million in the fiscal third quarter ended July 4, 2015.
"Our fiscal third quarter results were consistent with our announcement of preliminary results on July 13," said Dean Foate, chairman, president and CEO. "While revenue of $670 million set a new quarterly record for the company, our results were disappointing given the stronger expectations we had when we issued our initial guidance in April. Looking forward to next quarter, we expect continuing end-market weakness in our Networking/Communications sector to largely offset anticipated sequential growth in our other three market sectors. As a consequence, we are guiding fiscal fourth quarter 2015 revenue of $650 to $680 million. Achieving the midpoint of our guidance would result in full year revenue growth just shy of our 12% enduring goal. At this level of revenue, we expect diluted EPS in the range of $0.64 to $0.72 for the fiscal fourth quarter."
Patrick Jermain, senior vice president and CFO, said, "Although we met the low end of our initial revenue guidance, our earnings performance for the fiscal third quarter was below our guidance range. The disproportionate reduction in earnings was largely due to margin underperformance associated with missed product shipments out of one of our Defense/Security/Aerospace focus factories."
Plexus won 34 programs during the quarter, representing approximately $147 million in annualized revenue when fully ramped into production.
About Plexus
Plexus delivers optimized Product Realization solutions through a unique Product Realization Value Stream service model. This customer-focused services model seamlessly integrates innovative product conceptualization, design, commercialization, manufacturing, fulfillment and sustaining services to deliver comprehensive end-to-end solutions for customers in the America, European and Asia-Pacific regions.
Plexus is the industry leader in servicing mid-to-low volume, higher complexity customer programs characterized by unique flexibility, technology, quality and regulatory requirements. Award-winning customer service is provided to over 140 branded product companies in the Networking/Communications, Healthcare/Life Sciences, Industrial/Commercial and Defense/Security/Aerospace market sectors.
Share on:
Suggested Items
Plexus Issues Fiscal 2023 Sustainability Report
06/25/2024 | Plexus Corp.Plexus Corp. released its fiscal 2023 Sustainability Report. The report, which is now available on the company’s Sustainability web page, highlights the progress and impact of its sustainable and responsible business practices in strengthening customer partnerships, supporting team member growth and demonstrating a positive environmental and social impact.
Simbe Partners with Plexus to Scale Manufacturing and Meet Global Retail Demand
05/08/2024 | Globe NewswireSimbe, the leading provider of Store Intelligence™ solutions that increase retailer performance through unprecedented visibility and insights, today announced a partnership with Plexus Corp. to bring its best-in-class retail robotics-as-a-service to market quickly and at global scale.
Plexus Announces Preliminary Fiscal First Quarter 2024 Results And Additional Share Repurchase Program
01/19/2024 | PlexusPlexus Corp. announced that it will not meet its fiscal first quarter revenue guidance of $990 million to $1.03 billion, GAAP operating margin of 4.8% to 5.3% and GAAP EPS of $1.15 to $1.33, as issued October 25, 2023.
Plexus Provides Update On Unverified List Designation
12/22/2023 | PlexusOn December 19, 2023, Plexus Corp. learned that the U.S Department of Commerce placed its Xiamen, China subsidiary on the Bureau of Industry and Security’s (BIS) Unverified List.
Plexus Joins the United Nations Global Compact
12/18/2023 | Plexus Corp.Plexus Corp. announced that it has joined the United Nations (UN) Global Compact, a voluntary leadership platform for the development, implementation and disclosure of socially responsible business practices.