Plexus Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2016; Provides Earnings Outlook for Second Quarter Ending April 1, 2017
January 18, 2017 at 04:02 pm EST
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Plexus Corp. reported unaudited consolidated earnings results for the first quarter ended December 31, 2016. For the quarter, the company reported net sales of $635,019,000 against $616,664,000 a year ago. Operating income was $33,903,000 against $21,524,000 a year ago. Income before income taxes was $31,026,000 against $17,302,000 a year ago. Net income was $28,179,000 against $14,448,000 a year ago. Diluted earnings per share were $0.82 against $0.42 a year ago. Adjusted operating profit was $33,903,000 against $23,031,000 a year ago. Adjusted net income was $28,179,000 against $15,955,000 a year ago. Adjusted diluted earnings per share were $0.82 against $0.47 a year ago. The company announced that cash flows provided by operations was $79.5 million, less capital expenditures of $7.0 million, resulting in free cash flow of $72.5 million.
For the second quarter ending April 1, 2017, the company expects revenue in the range of $620 million to $650 million, operating margin in the range of 4.9% to 5.21% and diluted EPS in the range of $0.71 to $0.79.
Plexus Corp. is specialized in providing design and development, supply chain solutions, new product introduction, manufacturing, and sustaining services. The Company offers solutions to industrial, healthcare/life sciences and aerospace/defense market sectors by comprehensive solutions throughout the products lifecycle. Its segments include Americas (AMER), Asia-Pacific (APAC) and Europe, Middle East, and Africa (EMEA) regions. Its design and development services include user-centered design (UCD), mechanical engineering, electrical engineering, quality, and compliance engineering, project management, and software engineering. Its supply chain services include design for supply chain, supply chain risk management, actionable analytics, innovative sourcing, and others. Its new product introduction includes test engineering, rapid prototyping, and transition management. Its sustaining services include aftermarket services, product lifecycle extension, and distribution management.
Plexus Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2016; Provides Earnings Outlook for Second Quarter Ending April 1, 2017