Plexus ( (PLXS) ) has released its Q2 earnings. Here is a breakdown of the information Plexus presented to its investors.
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Plexus Corp., a global leader in providing design, manufacturing, and service solutions for complex products, operates primarily in the Aerospace/Defense, Healthcare/Life Sciences, and Industrial sectors. The company recently announced its financial results for the fiscal second quarter of 2025, reporting a revenue of $980 million and a non-GAAP diluted EPS of $1.66, surpassing their guidance.
Key highlights from Plexus’ fiscal second quarter include a GAAP operating margin of 5.0% and a non-GAAP operating margin of 5.7%. The company also achieved 42 new manufacturing program wins, expected to generate $205 million in annualized revenue. Additionally, Plexus generated a free cash flow of $16.5 million and repurchased $12.2 million of its shares.
Plexus’ strategic focus on operational efficiency and working capital management has resulted in a favorable cash cycle of 68 days and a return on invested capital of 13.7%. The company continues to invest in talent, technology, and facilities to support its growth and diversification efforts across its market sectors.
Looking ahead, Plexus has provided guidance for the fiscal third quarter, anticipating revenue between $1.00 billion and $1.04 billion, with a non-GAAP EPS of $1.65 to $1.80. The company remains optimistic about achieving meaningful EPS growth in fiscal 2025, driven by revenue growth, robust operating margins, and strategic cash flow deployment.