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PLXS Plexus

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
NASDAQ
Website
www.plexus.com
CEO
Todd Kelsey
Employees
Incorporated
Wisconsin
Location
Wisconsin
Fiscal year end
Oct 02
Sector
Manufacturing > Bare Printed Circuit Board Manufacturing
Industry (SIC)
Printed Circuit Boards
Flex • Jabil • Sanmina • TTM • Benchmark Electronics • CTS • Kimball Electronics • Key Tronic • Sigmatron International • SMTC ...
SEC CIK
0000785786
Corporate docs
IRS number
391344447

PLXS stock data

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)

News

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Plexus Beats On Q3 Earnings, Issues Q4 Guidance
22 Jul 21
Plexus: Q3 Earnings Insights
21 Jul 21
Shares of Plexus (NASDAQ:PLXS) moved lower in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were down 17.50% over the past year to $0.99, which beat the estimate of $0.97.
Plexus Q3 EPS $0.99 Beats $0.97 Estimate, Sales $814.00M Miss $840.89M Estimate
21 Jul 21
Plexus (NASDAQ:PLXS) reported quarterly earnings of $0.95 per share which missed the analyst consensus estimate of $0.97 by 2.06 percent. This is a 20.83 percent decrease over earnings of $1.20 per share from the same period last year.
Plexus's Earnings Outlook
20 Jul 21
Sidoti & Co. Upgrades Plexus to Buy, Announces $110 Price Target
22 Jun 21

Press releases

Pro users get this 30m faster
Plexus Announces Fiscal Third Quarter Financial Results
21 Jul 21
Fiscal third quarter 2021 revenue of $814 millionGAAP diluted EPS of $0.95, including $0.04 of restructuring charges and $0.21 of stock-based compensation expenseInitiates fiscal fourth quarter 2021 revenue guidance of
Plexus Sets Fiscal Third Quarter 2021 Earnings Release Date
23 Jun 21
NEENAH, WI, June 23, 2021 (GLOBE NEWSWIRE) -- Plexus (NASDAQ:PLXS) announced today it will release its fiscal third quarter 2021 results after market close on Wednesday, July 21, 2021. Plexus' management will host a
Plexus Charitable Foundation Contributes to Innovation Lab at Michigan Technical University
15 Jun 21
NEENAH, WI, June 15, 2021 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ:PLXS), a global leader in complex product design, manufacturing, supply chain and aftermarket services, announced today a contribution of $150,000
Plexus to Provide Financial Update Regarding the Impacts of Malaysia COVID-19 Restrictions at Stifel Investor Conference
7 Jun 21
Plexus Provides Financial Update Due to COVID-19 Restrictions in Malaysia and Announces Participation in Stifel Investor Conference
24 May 21

Calendar

7 May 21
2 Aug 21
2 Oct 21

Financial summary

Financial statements Chart PLXS financial data
Quarter (USD)
 Apr 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Oct 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Plexus earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 294.51M 294.51M 294.51M 294.51M 294.51M 294.51M
Cash burn (monthly) 20.81M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 83M n/a n/a n/a n/a n/a
Cash remaining 211.51M n/a n/a n/a n/a n/a
Runway (months of cash) 10.2 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

PLXS insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 May 21 Kelsey Todd P. Common Stock, $.01 par value Sell Dispose S Yes Yes 96 2,500 240K 51,451
7 May 21 Kelsey Todd P. Common Stock, $.01 par value Sell Dispose S No No 95.01 1,000 95.01K 90,657
7 May 21 Kelsey Todd P. Common Stock, $.01 par value Sell Dispose S No No 93.845 2,000 187.69K 91,657
29 Apr 21 Frisch Steven J. Common Stock, $.01 par value Sell Dispose S No No 93.5203 3,780 353.51K 46,236
28 Apr 21 Ninivaggi Angelo Michael Jr Common Stock, $.01 par value Sell Dispose S No No 94.205 8 753.64 25,953
28 Apr 21 Ninivaggi Angelo Michael Jr Common Stock, $.01 par value Sell Dispose S No No 93.2225 2,068 192.78K 25,961
27 Apr 21 Patrick John Jermain Common Stock, $.01 par value Sell Dispose S No No 94.599 2,000 189.2K 42,482
26 Apr 21 Darroch Ronnie Common Stock, $.01 par value Sell Dispose S No No 94.1723 1,000 94.17K 5,591
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

PLXS institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

92.6% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 221 221 –
Opened positions 26 26 –
Closed positions 26 27 -3.7%
Increased positions 60 77 -22.1%
Reduced positions 100 81 +23.5%
13F shares
 Current Prev Q Change
Total value 2.44B 2.12B +15.0%
Total shares 26.49M 27.05M -2.1%
Total puts 11.4K 9.9K +15.2%
Total calls 35.9K 21.5K +67.0%
Total put/call ratio 0.3 0.5 -31.0%
Largest owners
 Shares Value Change
BLK Blackrock 4.51M $414.23M +3.7%
Vanguard 3.11M $285.69M +2.5%
Dimensional Fund Advisors 1.86M $170.68M -4.6%
Disciplined Growth Investors 1.76M $161.39M -10.9%
Earnest Partners 1.45M $133.08M +9.2%
Victory Capital Management 1.12M $102.45M -2.4%
STT State Street 936.3K $85.99M +2.6%
Fiduciary Management 820.73K $75.38M +17.6%
BNP Paribas Asset Management Holding 807.19K $74.13M +2.0%
Massachusetts Financial Services 745.24K $68.44M +8.7%
Largest transactions
 Shares Bought/sold Change
Norges Bank 0 -425.69K EXIT
Cooke & Bieler 568.7K +245.47K +75.9%
Disciplined Growth Investors 1.76M -215.55K -10.9%
Voya Investment Management 12.38K -175.91K -93.4%
BLK Blackrock 4.51M +160.46K +3.7%
Fiduciary Management 820.73K +122.87K +17.6%
Earnest Partners 1.45M +122.21K +9.2%
GS Goldman Sachs 88.48K -95.78K -52.0%
Dimensional Fund Advisors 1.86M -88.66K -4.6%
MS Morgan Stanley 84.42K -79.61K -48.5%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
IEC Electronics • Benchmark Electronics • Sanmina • Jabil • Celestica • OSI Systems
Risks
  • 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 April 3, 2021, net sales increased $113.5 million, or 14.8%, as compared to the three months ended April 4, 2020. For the six months ended April 3, 2021, net sales increased $91.4 million, or 5.6%, as compared to the six months ended April 4, 2020.
  • 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. Beginning in fiscal year 2021, we consolidated the previously reported Industrial/Commercial and Communications market sectors to form the Industrial market sector. Prior period amounts have been reclassified to conform to the current period presentation.
  • AMER. Net sales for the three months ended April 3, 2021 in the AMER segment increased $30.3 million, or 9.1%, as compared to the three months ended April 4, 2020. The increase in net sales was driven by a $28.0 million increase in production ramps for new customers, partially inclusive of increased demand as a result of COVID-19, and a $15.7 million increase in production ramps of new products for existing customers. These increases were partially offset by net decreased customer end-market demand, primarily with commercial aerospace customers in the Aerospace/Defense sector.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: aerospace, bore, fifteen, filed, footprint, healthcare, release, released, stabilizing
Removed: drew, implementation, outlined, portfolio, prepay, swing, termination, variety
From filing 10-Q 2021 Q2

Financial reports

View all
10-Q
2021 Q2
Quarterly report
7 May 21
10-Q
2021 Q1
Quarterly report
5 Feb 21
10-K
2020 FY
Annual report
20 Nov 20
10-Q
2020 Q3
Quarterly report
7 Aug 20
10-Q
2020 Q2
Quarterly report
8 May 20
10-Q
2020 Q1
Quarterly report
7 Feb 20
10-K
2019 FY
Annual report
15 Nov 19
10-Q
2019 Q3
Quarterly report
2 Aug 19
10-Q
2019 Q2
Quarterly report
3 May 19
10-Q
2019 Q1
Quarterly report
1 Feb 19

Current reports

View all
8-K
Plexus Announces Fiscal Third Quarter Financial Results
21 Jul 21
8-K
Plexus to Provide Financial Update Regarding the Impacts of Malaysia COVID-19 Restrictions at Stifel Investor Conference
7 Jun 21
8-K
Plexus Provides Financial Update Due to COVID-19 Restrictions in Malaysia and Announces Participation in Stifel Investor Conference
24 May 21
8-K
Plexus Announces Fiscal Second Quarter Financial Results
21 Apr 21
8-K
Submission of Matters to a Vote of Security Holders
18 Feb 21
8-K
Plexus Announces Fiscal First Quarter Financial Results
20 Jan 21
8-K
Amendments to Articles of Incorporation or Bylaws
19 Nov 20
8-K
Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2020 Financial Results
28 Oct 20
8-K
Plexus Announces $50 Million Share Repurchase Program
14 Aug 20
8-K
Plexus Announces Fiscal Third Quarter Financial Results
22 Jul 20

Registration and prospectus

View all
15-12B
Securities registration termination
23 Jan 18
8-A12B
Registration of securities on exchange
12 Dec 17
S-8
Registration of securities for employees
8 May 16
8-A12B/A
Registration of securities on exchange (amended)
25 Sep 08
15-12G
Securities registration termination
9 Sep 08
8-A12B
Registration of securities on exchange
28 Aug 08
S-8
Registration of securities for employees
15 May 08
S-8
Registration of securities for employees
22 May 05
S-8
Registration of securities for employees
12 May 05
S-8 POS
Registration of securities for employees (post-effective amendment)
12 May 05

Proxies

View all
DEFA14A
Additional proxy soliciting materials
18 Dec 20
DEF 14A
Definitive proxy
18 Dec 20
DEF 14A
Definitive proxy
9 Dec 19
DEFA14A
Additional proxy soliciting materials
9 Dec 19
DEF 14A
Definitive proxy
10 Dec 18
DEFA14A
Additional proxy soliciting materials
10 Dec 18
DEF 14A
Definitive proxy
11 Dec 17
DEFA14A
Additional proxy soliciting materials
11 Dec 17
DEFA14A
Additional proxy soliciting materials
31 Jan 17
DEFA14A
Additional proxy soliciting materials
12 Dec 16

Other

View all
SD
Conflict minerals disclosure
21 May 21
SD
Conflict minerals disclosure
20 May 20
SD
Conflict minerals disclosure
15 May 19
SD
Conflict minerals disclosure
22 May 18
SD
Conflict minerals disclosure
11 May 17
UPLOAD
Letter from SEC
10 Jul 16
SD
Conflict minerals disclosure
25 May 16
CORRESP
Correspondence with SEC
12 May 16
CORRESP
Correspondence with SEC
26 Apr 16
UPLOAD
Letter from SEC
24 Apr 16

Ownership

View all
11-K
Annual report of employee stock purchases
21 Jun 21
4
PLEXUS / Todd P. Kelsey ownership change
11 May 21
4
PLEXUS / Steven J. Frisch ownership change
3 May 21
4
PLEXUS / Angelo Michael Ninivaggi Jr ownership change
30 Apr 21
4
PLEXUS / Patrick John Jermain ownership change
29 Apr 21
4
PLEXUS / Todd P. Kelsey ownership change
28 Apr 21
4
PLEXUS / Ronnie Darroch ownership change
28 Apr 21
4
PLEXUS / Steven J. Frisch ownership change
11 Mar 21
4
PLEXUS / MICHAEL V SCHROCK ownership change
5 Mar 21
4
PLEXUS / Scott Theune ownership change
5 Mar 21

Transcripts

View all
2021 Q3
Earnings call transcript
22 Jul 21
2021 Q2
Earnings call transcript
22 Apr 21
2021 Q1
Earnings call transcript
21 Jan 21
2020 Q4
Earnings call transcript
1 Nov 20
2020 Q4
Earnings call transcript
1 Nov 20
2020 Q4
Earnings call transcript
1 Nov 20
2020 Q3
Earnings call transcript
23 Jul 20
2020 Q2
Earnings call transcript
23 Apr 20
2020 Q1
Earnings call transcript
23 Jan 20
2019 Q4
Earnings call transcript
24 Oct 19

Reddit threads

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