Plexus Corp. (PLXS)

Plexus (PLXS; $94.23; E/W) posted FQ1 (Dec) results in line with its recent negative pre-announcement (“Slow End to Quarter Leads to FQ1 Miss”; 1/17) as it fleshed out details behind the cut to prior sales,…

Last night, Plexus (PLXS; $101.52; E/W) negatively pre-announced FQ1E (Dec) results. Specifically, PLXS now sees FQ1E sales of $980-985mm (-4% QoQ and -10% YoY at the mid-point), which is just 3% below the original guidance…

We maintain F2024E (Sept) EPS for Plexus (PLXS; $94.09; E/W) at $5.70 after its solid FQ4 (Sep) EPS beat and FQ1E (Dec) guidance that was basically in line with our forecasts. In addition, PLXS reiterated…

We adjust our F2023E (Sept) EPS for Plexus (PLXS; $98.54; E/W) from $5.40 to $5.58 (+13% YoY) after the company produced a solid FQ3 (Jun) EPS beat while offering up FQ4E (Sept) guidance that was…

Plexus (PLXS; $102.13; E/W) reported FQ3 (Jun) non-GAAP EPS of $1.32, which beat our $1.18 and the Street’s $1.16 on sales of $1,022mm (vs. our $1,025mm and consensus of $1,024mm). Recall, PLXS’ FQ3 guidance called…

Last week, we toured two Plexus’ (PLXS; $95.04; E/W) facilities in Appleton and Neenah, Wisconsin where we also spent time with CEO Todd Kelsey, Chief Strategy Officer Steve Frisch, along with Andy Hyatt (Senior VP,…

We reduce F2023/F2024E (Sep) EPS for Plexus (PLXS; $88.04; E/W) from $5.50/$6.65 to $5.40/$5.95 after its second consecutive “beat and lower” quarter, albeit with much more volatility on both sides of the total EPS equation….

Plexus (PLXS; $88.49; E/W) reported FQ2 (Mar) non-GAAP EPS of $1.45, which beat our consensus matching $1.15 on some sales upside ($1,071mm vs. our $1,050mm and consensus of $1,046mm). Recall, PLXS’ FQ2 guidance called for…

We revise F2023/F2024E (Sept) EPS for Plexus (PLXS; $93.86; E/W) from $5.80/$6.60 to $5.50/$6.65 after FQ2E (Mar) guidance disappointed, reflecting further pressures in semi-cap equipment markets (20%+ of sales) and some slower ramps on a…

Plexus (PLXS; $113.24; E/W) reported FQ1 (Dec) non-GAAP EPS of $1.49, which was ahead of our $1.45 and in line with consensus of $1.49 on sales of $1,094mm (vs. our $1,100mm and consensus of $1,107mm)….

We raise our F2023E (Sept) EPS for Plexus (PLXS; $95.92; E/W) from $5.30 to $5.80 after the company delivered substantial FQ4 (Sept) upside, reflecting its ability to better meet multi-quarter levels of pent-up demand across…

Plexus (PLXS; $96.55; E/W) reported FQ4 (Sep) non-GAAP EPS of $1.78, which was substantially ahead of our $1.25 and consensus of $1.27 on sales of $1,124mm (vs. our $1,000mm and the Street’s $1,008mm). PLXS also…