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ACCESSWIRE
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Active-Investors: Free Research Report as Plexus Reported Record Revenues

LONDON, UK / ACCESSWIRE / January 23, 2018 / Active-Investors.com has just released a free earnings report on Plexus Corp. (NASDAQ: PLXS). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=PLXS. Plexus posted its first quarter fiscal 2018 (Q1 FY18) financial results on January 17, 2018. The leading electronic manufacturers' won 44 manufacturing programs during the quarter representing approximately $200 million in annualized revenue. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Plexus most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/'symbol=PLXS

Earnings Highlights and Summary

During the first quarter of the fiscal year 2018, Plexus posted net sales of $677.29 million compared to $635.02 million in Q1 FY17, reflecting an increase of 6.66%. Sales growth was attributed to the increase in the segment's revenues, where top 10 customers accounted for 58.00% of sales, increasing 3.00% from Q4 FY17. The Company's trailing four quarter wins were approximately $794.00 million in annualized revenue. Plexus' revenue numbers missed analysts' estimates of $684.70 million.

Plexus's gross profit was $63.52 million in Q1 FY18 compared to $64.36 million in Q1 FY17, decreasing 1.29% on a y-o-y basis. The Company's selling, general, and administrative (SG&A) expenses amounted to $31.97 million in the reported quarter compared to $30.45 million in the year ago corresponding period, increasing 4.97% on a y-o-y basis. The Company's operating income totaled $31.56 million in Q1 FY18 compared to $33.90 million in Q1 FY17, decreasing 6.92% on a y-o-y basis. Operating margin was 4.70% in the reported quarter.

Plexus reported net loss of $98.49 million in the reported quarter compared to net income of $28.19 million in Q1 FY17. The Company's loss per share was $2.93 in Q1 FY18 compared to the earnings per share (EPS) of $0.82 in the first quarter of the previous fiscal year. Adjusted earnings of the Company were $0.75 in the reported quarter compared to $0.82 in Q1 FY17, reflecting a decrease of 8.54% on a y-o-y basis. The decline was due to $125 million tax expense as a consequence of US tax reform. Adjusted earnings numbers missed analysts' estimates of $0.80.

Plexus' Segment Details

Plexus has four business segments, namely: (i) Healthcare/ Life Sciences; (ii) Industrial/ Commercial; (iii) Communications; and (iv) Aerospace/ Defense.

The Healthcare/ Life Sciences segment reported net sales jumped 12.32% to $237 million in Q1 FY18 compared to $211 million in Q1 FY17 and represented 35.00% of the overall revenue in the reported quarter versus 33.00% in the year ago same period.

The Industrial/ Commercial segment posted net sales of $207.00 million in Q1 FY18 compared to $206 million in Q1 FY17, increasing 0.49% on a y-o-y basis.

The Communications segment's net sales advanced 1.53% to $133 million on a y-o-y basis in the reported quarter compared to $131 million in Q1 FY17.

The Aerospace/ Defense segment reported net sales of $100 million in Q1 FY18 compared to $87 million in Q1 FY17, reflecting growth of 14.94% compared to the year ago same period.

On a geographical basis, revenues from the Americas decreased 5.08% to $299 million in Q1 FY18 from $315 million in Q1 FY17. Revenues from Asia/Pacific region increased 11.61% to $346 million in the reported quarter from $310 million in Q1 FY17. Revenues from Europe, Middle-East and Africa (EMEA) were $64 million in Q1 FY18 compared to $39 million in Q1 FY17, advancing 64.10% on a y-o-y basis.

Cash Matters

As on December 30, 2017, Plexus had cash and cash equivalents of $506.69 million compared to $496.51 million as on December 30, 2016. Free cash flow of the Company was $52.40 million for Q1 FY18. Plexus' return on invested capital (ROIC) was 16.20% for the reported quarter compared to 17.30% for the same period last fiscal year. The Company repurchased 158,000 shares worth $9.50 million at an average price of $60.25 per share.

Outlook

For the second quarter of the fiscal year 2018, the Company is expecting sales to be in the range of $670 million to $710 million, and EPS to be in the band of $0.68 to $0.78. For fiscal year 2018, the Company projects its free cash flow to exceed $100 million.

Stock Performance Snapshot

January 22, 2018 - At Monday's closing bell, Plexus' stock slightly declined 0.97%, ending the trading session at $59.97.

Volume traded for the day: 206.45 thousand shares, which was above the 3-month average volume of 152.84 thousand shares.

Stock performance in the last three-month - up 2.83%; previous six-month period - up 10.12%; and past twelve-month period - up 12.79%

After yesterday's close, Plexus' market cap was at $2.00 billion.

The stock is part of the Technology sector, categorized under the Printed Circuit Boards industry. This sector was up 1.0% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

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SOURCE: Active-Investors

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