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Plexus (PLXS)

Since 1979, Plexus has been partnering with companies to create the products that build a better world. The company is formed by a team of approximately 19,000 individuals who are dedicated to providing global Design and Development, Supply Chain Solutions, New Product Introduction, Manufacturing, and Aftermarket Services. Plexus is a global leader that specializes in serving customers in industries with highly complex products and demanding regulatory environments. Plexus delivers customer service excellence to leading global companies by providing innovative, comprehensive solutions throughout the product's lifecycle.

Company profile

Ticker
PLXS
Exchange
Website
CEO
Todd Kelsey
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Plexus Aerospace, Defense and Security Services, LLC • Plexus Asia, Ltd. • Plexus Corp. (UK) Limited • Plexus Corp. Limited • Plexus Deutschland GmbH • Plexus Electronica S. de R.L. de C.V. • Plexus (Hangzhou) Co., Ltd. • Plexus International • Plexus Intl. Sales & Logistics, LLC • Plexus Management Services Corporation ...
IRS number
391344447

PLXS stock data

Analyst ratings and price targets

Last 3 months

Calendar

5 Aug 22
12 Aug 22
1 Oct 22
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 21 Oct 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 277.83M 277.83M 277.83M 277.83M 277.83M 277.83M
Cash burn (monthly) 10.35M 2.47M (no burn) (no burn) 7.07M 1.23M
Cash used (since last report) 14.2M 3.39M n/a n/a 9.69M 1.69M
Cash remaining 263.63M 274.44M n/a n/a 268.14M 276.14M
Runway (months of cash) 25.5 111.0 n/a n/a 38.0 224.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Aug 22 Kelsey Todd P. Common Stock, $.01 par value Sell Dispose S No No 96.41 1,000 96.41K 97,904
12 Aug 22 Kelsey Todd P. Common Stock, $.01 par value Sell Dispose S Yes Yes 96 2,000 192K 19,451
11 Aug 22 Kelsey Todd P. Common Stock, $.01 par value Sell Dispose S Yes Yes 96 1,000 96K 21,451
11 Aug 22 Kelsey Todd P. Common Stock, $.01 par value Sell Dispose S No No 95.6852 2,624 251.08K 98,904
10 Aug 22 Kelsey Todd P. Common Stock, $.01 par value Sell Dispose S No No 94.9633 3,000 284.89K 101,528
4 Aug 22 Ninivaggi Angelo Michael Jr Common Stock, $.01 par value Gift Dispose G No No 0 128 0 32,082
3 Aug 22 Kelsey Todd P. Common Stock, $.01 par value Sell Dispose S No No 94.56 3,000 283.68K 104,528
2 Aug 22 Frisch Steven J. Common Stock, $.01 par value Sell Dispose S No No 94.2563 3,016 284.28K 50,086
1 Aug 22 Patrick John Jermain Common Stock, $.01 par value Sell Dispose S No No 93.8416 2,500 234.6K 45,434
1 Aug 22 Frisch Steven J. Common Stock, $.01 par value Sell Dispose S No No 93.789 3,564 334.26K 53,102
97.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 213 225 -5.3%
Opened positions 22 26 -15.4%
Closed positions 34 29 +17.2%
Increased positions 64 67 -4.5%
Reduced positions 86 94 -8.5%
13F shares Current Prev Q Change
Total value 2.23B 2.55B -12.9%
Total shares 27.01M 26.65M +1.4%
Total puts 11.4K 0 NEW
Total calls 18.1K 22.8K -20.6%
Total put/call ratio 0.6
Largest owners Shares Value Change
BLK Blackrock 4.43M $362.05M +0.3%
Vanguard 3.06M $250.55M -1.9%
Disciplined Growth Investors 2.27M $185.89M +3.4%
Dimensional Fund Advisors 1.82M $148.78M +0.5%
Earnest Partners 1.31M $106.8M -2.8%
Fiduciary Management 1.17M $96.11M +14.4%
Victory Capital Management 1.03M $83.95M +3.2%
STT State Street 1.01M $83.03M +0.2%
Cooke & Bieler 865.94K $70.84M +20.7%
Massachusetts Financial Services 862.18K $70.54M +5.6%
Largest transactions Shares Bought/sold Change
William Blair Investment Management 482.95K +482.95K NEW
Hotchkis & Wiley Capital Management 348.03K +322.25K +1249.9%
Norges Bank 0 -290.87K EXIT
Cooke & Bieler 865.94K +148.59K +20.7%
Fiduciary Management 1.17M +147.97K +14.4%
SAMG Silvercrest Asset Management 597.74K -75.67K -11.2%
Disciplined Growth Investors 2.27M +74.65K +3.4%
Meritage Portfolio Management 0 -59.91K EXIT
Vanguard 3.06M -59.57K -1.9%
Intrinsic Edge Capital Management 128.93K +48.93K +61.2%

Financial report summary

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Risks
  • The end markets we serve require technologically advanced products and such markets may be impacted by a number of factors that could adversely impact our customers’ demand.
  • We have a complex business model, and our failure to properly manage or execute on that model could adversely affect our operations, financial results and reputation.
Management Discussion
  • Net sales. For the three months ended July 2, 2022, net sales increased $166.9 million, or 20.5%, as compared to the three months ended July 3, 2021. For the nine months ended July 2, 2022, net sales increased $161.9 million, or 6.4%, as compared to the nine months ended July 3, 2021.
  • Net sales are analyzed by management by geographic segment, which reflects our reportable segments, and by market sector. Management measures operational performance and allocates resources on a geographic segment basis. Our global business development strategy is based on our targeted market sectors.
  • AMER. Net sales for the three months ended July 2, 2022 in the AMER segment increased $23.7 million, or 7.4%, as compared to the three months ended July 3, 2021. The increase in net sales was driven by a $26.8 million increase in production ramps of new products for existing customers, overall net increased customer end-market demand and increased pricing associated with inflated component prices, partially offset by the impact of supply chain constraints that have created limitations with meeting available customer demand. These increases were further offset by an $8.3 million decrease due to partial loss of business with customers and a $6.4 million decrease for end-of-life products.

Content analysis

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Readability
H.S. sophomore Avg
New words: EBITDA, equal, EURIBOR, exceed, greater, iii, iv, Journal, overnight, prime, Simple, SOFR, sterling, Street, unrestricted, Wall
Removed: aerospace, arise, eurocurrency, heightened, implemented, infection, LIBOR, maintaining, priority, progressively, safeguard, securing, top