Plexus ( (PLXS) ) has released its Q3 earnings. Here is a breakdown of the information Plexus presented to its investors.
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Plexus Corp. is a global leader in providing design, manufacturing, and service solutions for complex products in highly regulated industries, including Aerospace/Defense, Healthcare/Life Sciences, and Industrial sectors. Headquartered in Neenah, Wisconsin, Plexus operates across the Americas, Asia-Pacific, and EMEA regions.
In its fiscal third quarter of 2025, Plexus reported solid financial results, with revenue reaching $1.018 billion and a non-GAAP operating margin of 6.0%. The company also provided guidance for the fiscal fourth quarter, projecting revenue between $1.025 billion and $1.065 billion and non-GAAP EPS ranging from $1.82 to $1.97.
Key financial highlights for the quarter include a GAAP diluted EPS of $1.64 and a non-GAAP EPS of $1.90, excluding stock-based compensation expenses. Plexus achieved a return on invested capital of 14.1% and generated $13.2 million in free cash flow. Additionally, the company secured 41 new manufacturing programs, expected to contribute $250 million in annualized revenue.
Plexus continues to focus on operational efficiency and shareholder value, as evidenced by its recent $100 million share repurchase program. The company remains optimistic about future growth, driven by new customer acquisitions and program ramps, despite challenges such as muted market demand and tariff uncertainties.
Looking ahead, Plexus management anticipates continued revenue growth and robust financial performance in the fiscal fourth quarter, supported by strategic initiatives and market sector diversification. The company is committed to delivering long-term shareholder value through operational excellence and innovative solutions.