Description

Plexus Corporation Unlocks $255 Million From 31 New Manufacturing Programs!

Plexus Corporation reported a third quarter marked by record revenue achievement and continued operational efficiency, sustaining positive trends across its three key market sectors: aerospace and defense, healthcare and life sciences, and industrial. The company generated $1.305 billion in revenue for the quarter, a 12% sequential and 28% year-over-year increase, surpassing guidance. Non-GAAP operating margin reached 6.3%, aligning with the upper end of expectations and reflecting benefits from revenue leverage and ongoing efficiency gains, despite inflationary pressures. Non-GAAP earnings per share stood at $2.32, exceeding guidance due to higher revenues and interest income, partially offset by elevated tax rates.