Q1 2025 Plexus Corp Earnings Call Transcript
Key Points
- Plexus Corp (PLXS) reported fiscal first-quarter revenue of $976 million, meeting their guidance.
- Non-GAAP EPS of $1.73 exceeded guidance, benefiting from strong operating margin performance and reduced interest expense.
- The company delivered $27 million of free cash flow, significantly better than expectations.
- Plexus Corp (PLXS) won 30 manufacturing programs worth $212 million in annual revenue, indicating strong future growth potential.
- The company continues to focus on sustainable business practices, including reducing environmental impact and improving operational efficiencies.
- The Aerospace and Defense sector experienced a 13% sequential revenue decrease due to challenges in commercial aerospace production rates.
- Healthcare/Life Sciences sector revenue was down 10% sequentially, below expectations due to demand softening.
- The industrial sector is facing challenges with soft end markets, leading to a forecasted revenue decline in the fiscal second quarter.
- Plexus Corp (PLXS) anticipates a reduction in gross margin for the fiscal second quarter due to seasonal compensation cost increases.
- The company is experiencing volatility in customer forecasts, particularly in the Healthcare and Industrial sectors, leading to uncertainty in demand.
Thank you for standing by. My name is Liz and I'll be your conference operator today. At this time, I would like to welcome everyone to the first-quarter 2025 earnings conference call. (Operator Instructions)
Thank you. I would now like to turn the call over to Mr. Shawn Harrison, Vice President of Investor Relations. Please go ahead.
Thanks, Liz.
Good morning, and thank you, everyone for joining us today.
Some of the statements made and information provided during our call today will be forward-looking statements. Including without limitation, those regarding revenue, gross margin, selling and administrative expense, operating margin, other income and expense taxes, cash cycle, capital allocation and future business outlook.
Forward-looking statements are not guaranteed since there are inherent difficulties in predicting future results and actual results could differ materially from those expressed or implied in the forward-looking
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
