Plexus Corp Reports Strong Financial Growth

By Hao Liu • Friday, November 14 10:24 • Permanent Link

Plexus Corp. has recently released its 10-K report, providing an insight into its business operations. The company, founded in 1979 and headquartered in Neenah, Wisconsin, offers electronic manufacturing services globally, focusing on design, supply chain, new product introduction, manufacturing solutions, and sustaining services. Plexus Corp. serves various market sectors including aerospace/defense, healthcare/life sciences, industrial/commercial, and communications.

In ITEM 7, "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS," Plexus Corp. reported a 1.8% increase in net sales for fiscal 2025 compared to fiscal 2024, reaching $4,033.0 million. The company's operating income for fiscal 2025 was $202.4 million, representing a 20.7% increase from fiscal 2024. The net income for fiscal 2025 increased by 54.7% to $172.9 million, with diluted earnings per share rising to $6.26 from $4.01 in fiscal 2024.

The report also highlighted the breakdown of net sales by geographic segment and market sector. In the Americas (AMER) segment, net sales decreased by 0.2%, while the Asia-Pacific (APAC) segment saw an 8.1% increase and the Europe, Middle East, and Africa (EMEA) segment experienced an 18.2% decrease. Moreover, net sales in the Aerospace/Defense sector decreased by 1.4%, while the Healthcare/Life Sciences sector saw a 4.8% increase and the Industrial sector experienced a 0.5% increase.

Plexus Corp. also provided insights into its financial metrics, revealing that the gross margin for fiscal 2025 was 10.1%, representing a 50 basis points increase from fiscal 2024. The operating margin also improved, reaching 5.0% in fiscal 2025, an 80 basis points increase from fiscal 2024. The company's return on invested capital (ROIC) for fiscal 2025 was 14.6%, reflecting an economic return of 5.7%, based on the weighted average cost of capital of 8.9%.

Today the company's shares have moved -4.5% to a price of $139.66. Check out the company's full 10-K submission here.

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