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.



Suggested Items

Excerpt: The Printed Circuit Assembler’s Guide to… Smart Data

04/07/2021 | Sagi Reuven and Zac Elliott, Siemens Digital Industries Software
Whenever we discuss data, keep in mind that people have been collecting data, verifying it, and translating it into reports for a long time. And if data is collected and processes are changed automatically, people still will be interpreting and verifying the accuracy of the data, creating reports, making recommendations, solving problems, tweaking, improving, and innovating. Whatever data collection system is used, any effort to digitalize needs to engage and empower the production team at the factory. Their role is to attend to the manufacturing process but also to act as the front line of communications and control.

Top 10 Most-Read SMT Articles of 2020

12/31/2020 | I-Connect007
As 2020 comes to a close, the I-Connect007 Editorial Team takes a look back at its most read articles. Here are the top 10 reads in SMT from the past year.

Meet Christine Davis, I-Connect007 Columnist

12/23/2020 | I-Connect007 Editorial Team
Meet Christine Davis, one of our newest columnists! Christine will share her expertise and lessons learned through her journey as one of the few women in the electronics industry to found and run her own company.

Copyright © 2021 I-Connect007. All rights reserved.