Plexus Releases Preliminary Fiscal Q3 Results
July 13, 2015 | Plexus Corp.Estimated reading time: 1 minute
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
Northrop Grumman Honors Suppliers for Excellence
03/14/2024 | Northrop GrummanNorthrop Grumman Corporation honored more than 70 suppliers for their outstanding contributions in 2023. In an annual recognition event, the companies included women-, minority- and veteran-owned small businesses as well as those operating in underdeveloped areas.
Cicor Acquires TT Electronics IoT Solutions
03/04/2024 | Cicor Technologies Ltd.The Cicor Group has signed an agreement to acquire TT Electronics IoT Solutions Ltd, with three production sites in the UK and China.
AEM, Texas Aerospace Technologies Bolster Partnership for Latin America
02/26/2024 | AEM Corp.Canadian avionics manufacturer, Anodyne Electronics Manufacturing Corp. (AEM), is pleased to announce a partnership expansion with Texas Aerospace Technologies, a subsidiary of Texas Aerospace Services, to add AEM’s new MTP136D modern panel-mount P25 VHF FM Forest Service radio to its lineup of product offerings for their Latin American customers.
RTX's Collins Aerospace to Provide Air India with Avionics Hardware
02/22/2024 | RTXCollins Aerospace, an RTX business, has been selected by Air India for a full suite of avionics hardware catering to the airline's expanding Boeing 737 MAX fleet.
BAE Systems Secures Regulatory Approvals for Acquisition of Ball Aerospace
02/14/2024 | BUSINESS WIREFurther to the announcement of 17 August 2023, BAE Systems has now received the necessary regulatory approvals and will be executing steps in the coming days to complete the acquisition of Ball Aerospace from Ball Corporation.