Largest-Ever Wins in Sustaining Services and Engineering Solutions
Plexus Corp. achieved its largest-ever win for sustaining services and the best quarterly engineering solutions wins performance in more than five years.
Strong Financial Performance and Free Cash Flow
The company delivered robust fiscal second-quarter financial performance, including a non-GAAP EPS of $1.66 exceeding guidance, benefiting from strong operating margin performance and a slightly favorable tax rate. Plexus Corp. also delivered $16.5 million of free cash flow, significantly better than expectations.
Record Manufacturing Program Wins
In the fiscal second quarter, Plexus Corp. won 42 manufacturing programs worth $205 million in revenue annually when fully ramped into production.
Recognition for Sustainability and Innovation
Plexus Corp. was selected as Manufacturer of the Year Mega Category by Wisconsin Manufacturers and Commerce, recognizing innovation, philanthropy, and technological advancements.
Guidance for Continued Growth
Guidance for fiscal third-quarter revenue is between $1.00 billion to $1.04 billion, with non-GAAP EPS of $1.65 to $1.80. The company anticipates sequential revenue growth and strong operating margin performance for the remainder of the fiscal year.