Plexus Releases Preliminary Fiscal Q3 Results


Reading time ( words)

Plexus today announced preliminary results for its fiscal third quarter ended July 4, 2015.

Plexus expects to report fiscal third quarter revenue of approximately $670 million and diluted earnings per share in the range of $0.67 to $0.70, compared to its previously announced revenue guidance of $670 to $700 million with diluted earnings per share of $0.71 to $0.79.

Dean Foate, Chairman, President and CEO, commented, "Our preliminary results are a consequence of unanticipated challenges we faced during the quarter.  The most significant issue affecting the quarter was a production process constraint in one of our Defense/Security/Aerospace focus factories that limited our ability to complete product shipments late in the quarter.  Further, in the final weeks of the quarter customer demand softened in our Networking/Communications sector resulting in forecast decommitments while our Healthcare/Life Sciences sector demand was weaker than our already projected soft expectations."  

These results are preliminary and represent the most current information available to management.  The Company's actual results may differ due to the completion of the Company's fiscal third quarter financial closing and review procedures.  As previously announced, the Company will report final results on July 22, 2015 and will host a conference call on July 23, 2015 at 8:30 a.m. Eastern Time to discuss these results.

About Plexus - The Product Realization Company

Plexus delivers optimized Product Realization solutions through a unique Product Realization Value Stream service model.  This customer-focused services model seamlessly integrates innovative product conceptualization, design, commercialization, manufacturing, fulfillment and sustaining services to deliver comprehensive end-to-end solutions for customers in the America, European and Asia-Pacific regions.

Plexus is the industry leader in servicing mid-to-low volume, higher complexity customer programs characterized by unique flexibility, technology, quality and regulatory requirements.  Award-winning customer service is provided to over 140 branded product companies in the Networking/Communications, Healthcare/Life Sciences, Industrial/Commercial and Defense/Security/Aerospace market sectors.

Share

Print


Suggested Items

Indium Discusses New Materials and Plans for 2020

12/10/2019 | Real Time with...productronica
Editor Nolan Johnson sits down with Nash and Mackie to discuss Indium’s focus on creating innovative products for the 5G, automotive, semiconductor, and high-reliability segments. Mackie offers a preview of Indium’s plans for 2020 and beyond, including lead-free drop-in sintering materials that can be dispensed and printed more quickly than ever before.

David Meyers on Digital Twin and ‘Cobots’

11/26/2019 | Nolan Johnson and Happy Holden
With over 30+ years in the industry, David Meyers recently took on a new role at Siemens as a global solutions director in the Electronics Industry team of Siemens Digital Industries Software, working on improving communications between CMs and their OEM partners. In a conversation with Nolan Johnson and Happy Holden, David speaks on the digital twin and virtual environment software that should help establish that communication early in the process.

SMTAI 2019: SAFI-Tech's No-Heat SAC305—A Possible Gamechanger

10/18/2019 | Real Time with...SMTAI
Ian Tevis is CTO and founder of SAFI-Tech, a startup focusing on SMT solutions. He explains how he founded SAFI-Tech right after college and details the benefits of the company's first product, No-Heat SAC305.



Copyright © 2020 I-Connect007. All rights reserved.