Last $29.35 USD
Change Today +0.31 / 1.07%
Volume 233.9K
PLXS On Other Exchanges
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As of 8:10 PM 05/17/13 All times are local (Market data is delayed by at least 15 minutes).

plexus corp (PLXS) Snapshot

Open
$29.19
Previous Close
$29.04
Day High
$29.49
Day Low
$28.98
52 Week High
09/14/12 - $34.24
52 Week Low
11/7/12 - $19.63
Market Cap
1.0B
Average Volume 10 Days
188.5K
EPS TTM
$2.31
Shares Outstanding
34.3M
EX-Date
--
P/E TM
12.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for PLEXUS CORP (PLXS)

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plexus corp (PLXS) Details

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services. It offers product development and conceptualization; product design and value-engineering solutions, including program management, feasibility studies, product conceptualization, specification development for product features and functionality, circuit design, field programmable gate array design, printed circuit board layout, embedded software design, mechanical design, and test specifications development and product verification testing; commercialize solutions, such as prototyping, new product introduction, design for supply chain, test development, and transition management; manufacturing solutions; and fulfillment and logistics solutions. The company also provides sustaining solutions, which include sustaining engineering solutions comprising failure and root cause analysis, redesign for cost reduction, and regulatory compliance surveillance and remediation; sustaining supply chain solutions consisting of reverse logistics management, logistics optimization, component lifecycle analysis, and alternate component sourcing and supplier qualification; and sustaining manufacturing solutions, including receiving and diagnostic analysis on returned goods, warranty and non-warranty repair, refurbishment and upgrade to outdated products, and advanced field replenishment strategies. In addition, it offers value-add solutions, such as engineering change-order management, cost reduction redesign, component obsolescence management, product feature expansion, test enhancement, and component re-sourcing. The company provides its solutions to companies in the networking/communications, healthcare/life sciences, industrial/commercial, and defense/security/aerospace sectors in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. Plexus Corp. was founded in 1979 and is headquartered in Neenah, Wisconsin.

9,600 Employees
Last Reported Date: 11/19/12
Founded in 1979

plexus corp (PLXS) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $800.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $387.3K
Regional President of Plexus Asia Pacific
Total Annual Compensation: $360.9K
Executive Vice President of Global Manufactur...
Total Annual Compensation: $367.3K
Executive Vice President of Global Customer S...
Total Annual Compensation: $337.3K
Compensation as of Fiscal Year 2012.

plexus corp (PLXS) Key Developments

Plexus Corp. Promotes Neenah Scott to Vice President-Quality

Neenah Scott Weber was promoted to vice president-quality at Plexus Corp. He previously served as the director of quality.

Sensity Systems Teams with Plexus Corp to Design and Install Sensity's Netsense Technology

Sensity Systems outlined its Lighting Manufacturer Partner (LMP) program where partners will be able to integrate Sensity's NetSense platform into other LED outdoor or warehouse luminaires. Teaming with Plexus that join Sensity's program will be able to design and install Sensity's NetSense technology into their own fixtures, enabling a Light Sensory Network (LSN) to be created and used by their customers. Plexus Corp. has teamed with Sensity as its first electronics manufacturing services (EMS) partner to help make the LMP program a reality.

Plexus Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 30, 2013; Provides Earnings Guidance for the Third Quarter and Tax Rate Guidance for the Full Year of Fiscal 2013

Plexus Corp. announced unaudited consolidated earnings results for the second quarter and six months ended March 30, 2013. For the quarter, the company announced net sales of $557,824,000 compared to $573,470,000 for the same period a year ago. Operating income was $23,188,000 compared to $25,768,000 for the same period a year ago. Income before income taxes was $19,931,000 compared to $22,391,000 for the same period a year ago. Net income was $17,975,000 or $0.52 per basic and diluted share compared to $19,958,000 or $0.56 per diluted share for the same period a year ago. For the three months ended March 30, 2013 cash flow provided by operations was approximately $54 million less capital expenditures of approximately $27 million, resulting in positive free cash flow of approximately $27 million. The company revenue performance was below the midpoint of guidance as certain customers in networking communications sector continued to struggle with end market demand. For the six months, the company announced net sales of $1,088,356,000 compared to $1,103,124,000 for the same period a year ago. Operating income was $44,672,000 compared to $49,530,000 for the same period a year ago. Income before income taxes was $37,617,000 compared to $42,031,000 for the same period a year ago. Net income was $34,591,000 or $1.00 per diluted share compared to $37,828,000 or $1.07 per diluted share for the same period a year ago. ROIC was 12.7% compared to 14.4% for the same period a year ago. The company provided earnings guidance for the third quarter of fiscal year 2013. The company established fiscal third quarter 2013 revenue guidance of $550 million to $580 million. At that level of revenue the company anticipates diluted EPS of $0.55 to $0.62, excluding any restructuring charges and including approximately $0.08 per share of stock-based compensation expense. The midpoint of this guidance range suggests that the company’s fiscal third quarter revenue would be up slightly compared to the company’s fiscal second quarter. The company currently anticipates $1.0 million to $1.5 million of restructuring charges in fiscal third quarter, primarily for severance related to the disengagement of Juniper Networks. Gross margin is expected to be in the range of 9.4% to 9.6%, up from gross margin of 9.3% in the fiscal second quarter. The company provided tax rate guidance for the full year of fiscal 2013. The company is estimating a tax rate for fiscal 2013 of 6% to 8%, in line with fiscal 2012 tax rate of 7%.

 

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PLXS

Industry Average

Valuation PLXS Industry Range
Price/Earnings 17.3x
Price/Sales 0.4x
Price/Book 1.5x
Price/Cash Flow 16.8x
TEV/Sales 0.2x
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