Plexus Corp. reported unaudited consolidated earnings results for the first quarter ended December 29, 2018. For the period, the company's net sales were $765,544,000 compared to $677,294,000 a year ago. Operating income was $36,951,000 compared to $31,557,000 a year ago. Income before income taxes was $34,115,000 compared to $29,041,000 a year ago. Net income was $22,226,000 compared to loss of $98,493,000 a year ago. Basic earnings per share were $0.71 compared to basic loss per share of $2.93 a year ago. Diluted earnings per share were $0.69 compared to diluted loss per share of $2.93 a year ago.

For the second quarter ending March 30, 2019, the company expects revenue in the range of $760 million to $800 million. The company anticipates revenue at this level will lead to GAAP diluted EPS in the range of $0.80 to $0.90.

For the fiscal 2019, the company expects solid growth year in fiscal 2019. The company anticipates operating margin within its 4.7% to 5.0% target range for the fiscal year as the company mitigate the second quarter seasonal cost pressures through improved productivity. These factors, combined with the company's share repurchase program, are expected to result in EPS leverage in fiscal 2019.