Plexus Q4 Earnings & Revenues Top Estimates, Rise Y/Y, Stock Gains

Zacks10-24

Plexus Corp PLXS reported adjusted earnings per share (EPS) of $1.85 for fourth-quarter fiscal 2024. The figure rose 12% year over year. The bottom line outpaced the Zacks Consensus Estimate of $1.53....

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The bottom line outpaced the Zacks Consensus Estimate of $1.53....</p>\n\n<a href=\"https://finance.yahoo.com/news/plexus-q4-earnings-revenues-top-132000021.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plexus Q4 Earnings & Revenues Top Estimates, Rise Y/Y, Stock Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlexus Q4 Earnings & Revenues Top Estimates, Rise Y/Y, Stock Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-24 21:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/plexus-q4-earnings-revenues-top-132000021.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plexus Corp PLXS reported adjusted earnings per share (EPS) of $1.85 for fourth-quarter fiscal 2024. The figure rose 12% year over year. The bottom line outpaced the Zacks Consensus Estimate of $1.53....</p>\n\n<a href=\"https://finance.yahoo.com/news/plexus-q4-earnings-revenues-top-132000021.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLXS","symbol_name":"普雷克萨斯","start_time":0,"source_url":"https://finance.yahoo.com/news/plexus-q4-earnings-revenues-top-132000021.html","article_id":"2477656823","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/4m6Yrt5OGYQe0oZtN.CWGQ--~B/aD0zNDk7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/c35b98fa9bbd08ef2db417cae984bd68"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477656823","pubTimestamp":1729776000,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Plexus Corp PLXS reported adjusted earnings per share  of $1.85 for fourth-quarter fiscal 2024. The figure rose 12% year over year. The bottom line outpaced the Zacks Consensus Estimate of $1.53.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues of $1.05 billion increased 2.6% year over year and beat the Zacks Consensus Estimate by 4.3%. The top-line expansion was driven by strong regional performance  and strength in the Aerospace/Defense and Industrial sectors. Management expects continued growth for the Aerospace/Defense sector in fiscal 2025. It also expects the Industrial segment to gain from strength in SemiCap market offsetting near-term industrial demand uncertainty.In the reported quarter, revenues from Asia-Pacific and Europe, the Middle East and Africa rose 11% and 18.5%, respectively. Revenues from America declined 13.9% to $335 million.In the fiscal fourth quarter, Plexus won 26 manufacturing programs, which are estimated to contribute $230 m","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PLXS":"普雷克萨斯"},"translate_title":"Plexus第四季度盈利和收入最高预期、同比增长、股票上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLXS":0.9},"content_text":"Plexus Corp PLXS reported adjusted earnings per share (EPS) of $1.85 for fourth-quarter fiscal 2024. The figure rose 12% year over year. The bottom line outpaced the Zacks Consensus Estimate of $1.53.\nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nRevenues of $1.05 billion increased 2.6% year over year and beat the Zacks Consensus Estimate by 4.3%. The top-line expansion was driven by strong regional performance (Asia-Pacific and Europe, Middle East and Africa) and strength in the Aerospace/Defense and Industrial sectors. Management expects continued growth for the Aerospace/Defense sector in fiscal 2025. It also expects the Industrial segment to gain from strength in SemiCap market offsetting near-term industrial demand uncertainty. In the reported quarter, revenues from Asia-Pacific and Europe, the Middle East and Africa rose 11% and 18.5%, respectively. Revenues from America declined 13.9% to $335 million.In the fiscal fourth quarter, Plexus won 26 manufacturing programs, which are estimated to contribute $230 million in annualized revenues once fully ramped into production.\n\nPlexus Corp. Price, Consensus and EPS Surprise\n\nPlexus Corp. price-consensus-eps-surprise-chart | Plexus Corp. Quote\n\nFor fiscal 2024, PLXS reported revenues of $3.96 billion, down 5.9% from the fiscal 2023 level. Adjusted EPS of $5.72 declined 11.5% year over year. Following the announcement, shares were up 1% in the aftermarket trading on Oct. 23. In the past year, shares have gained 55.1% compared with sub-industry’s growth of 25.2%.\nImage Source: Zacks Investment Research\nMarket Sector Details of PLXS\nIndustrial sector’s revenues were up 8.4% year over year to $452 million, contributing 43% to total revenues.Healthcare/Life Sciences’ revenues declined 7.6% from the year-ago quarter’s levels to $415 million, contributing 39% to total revenues.Revenues from Aerospace/Defense increased 16.5% year over year to $184 million, contributing 18% to total revenues.The company’s top 10 customers accounted for 52% of net revenues in the fiscal fourth quarter.\nPlexus’ Operating Details\nGross profit on a GAAP basis increased 11.6% year over year to $107.9 million. Gross margin came in at 10.3% from 9.4% year over year. Selling and administrative expenses increased 24.6% from the year-ago quarter’s actuals to $54.1 million.PLXS reported an adjusted operating income of $64.7 million, up 9.4% year over year. Adjusted operating margin expanded 40 basis points to 6.2%.\nBalance Sheet & Cash Flow\nAs of Sept. 28, 2024, Plexus had cash & cash equivalents worth $345.1 million compared with $269.8 million as of June 29.As of Sept. 28, 2024, PLXS had long-term debt and finance lease obligations, net of the current portion of $90 million compared with $90.7 million as of June 29.In the quarter under review, the cash flow from operations was $220.1 million. Plexus reported a free cash flow of $193.8 million.The company repurchased $19.5 million of PLXS’ shares at an average price of $117.91 per share under its repurchase program. Plexus’ board of directors approved an additional $50 million worth share repurchase plan in August 2024.\nPlexus’ Q1 Outlook\nFor first-quarter fiscal 2025, revenues are projected to be between $960 million and $1 billion.Non-GAAP operating margin is expected to be between 5.7% and 6.1%. Non-GAAP EPS is expected to be in the band of $1.52-$1.67.\nZacks Rank of PLXS\nPlexus currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nRecent Performance of Other Companies in Tech Space\nBlackBerry BB reported breakeven second-quarter fiscal 2025 earnings, better than the company’s estimate of a loss per share of 2-4 cents. In the year-ago quarter, it reported a non-GAAP loss per share of 4 cents. The Zacks Consensus Estimate was pegged at a loss of 3 cents per share. Quarterly revenues of $145 million increased 9.9% year over year, driven by strong growth across the Internet of Things (IoT) and Cybersecurity businesses. Shares of BB have lost 28.8% in the past year. Badger Meter, Inc BMI reported EPS of $1.08 for the third quarter of 2024, beating the Zacks Consensus Estimate by 5.9%. Quarterly net sales were $208.4 million, up 12% from $186.2 million in the year-ago quarter. The uptick resulted from continued strong yet normalizing demand for its tailorable water management solutions. Shares of BMI have gained 47.8% in the past year. Iridium Communications IRDM reported EPS of 21 cents for the third quarter of 2024, beating the Zacks Consensus Estimate by 5%. The company incurred a loss of 1 cent per share in the prior-year quarter. Quarterly revenues were $212.8 million, up 8% from the year-ago level, driven by strength across all three segments. The Zacks Consensus Estimate was pegged at $205.7 million. Shares of IRDM have lost 19.4% in the past year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nBadger Meter, Inc. (BMI) : Free Stock Analysis Report\nPlexus Corp. (PLXS) : Free Stock Analysis Report\nIridium Communications Inc (IRDM) : Free Stock Analysis Report\nBlackBerry Limited (BB) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477656823"}