Company profile

Ticker
PLXS
Exchange
Website
CEO
Todd P. Kelsey
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
391344447

PLXS stock data

(
)

Calendar

8 May 20
10 Jul 20
28 Sep 20

News

Company financial data Financial data

Quarter (USD) Apr 20 Jan 20 Sep 19 Jun 19
Revenue 767.36M 852.41M 810.2M 799.64M
Net income 12.93M 31.01M 36.83M 24.8M
Diluted EPS 0.43 1.03 1.23 0.81
Net profit margin 1.68% 3.64% 4.55% 3.10%
Operating income 17.21M 39.93M 37.53M 34.4M
Net change in cash -27.08M 167.23M -112.71M 14.37M
Cash on hand 225.83M 252.91M 85.69M 198.4M
Cost of revenue 705.92M 773.22M 732.41M 728.61M
Annual (USD) Sep 19 Sep 18 Sep 17 Oct 16
Revenue 3.16B 2.87B 2.53B 2.56B
Net income 108.62M 13.04M 112.06M 76.43M
Diluted EPS 3.5 0.38 3.24 2.24
Net profit margin 3.43% 0.45% 4.43% 2.99%
Operating income 142.06M 118.28M 129.91M 99.44M
Net change in cash -13.51M -165.03M 88.83M -3.94M
Cash on hand 85.69M 99.2M 264.22M 175.4M
Cost of revenue 2.87B 2.62B 2.27B 2.33B

Financial data from Plexus earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
1 Jul 20 Drury David J Common Stock, $.01 par value Option exercise Aquire M No 0 1,270 0 17,129
1 Jul 20 Drury David J Deferred Stock Units Common Stock Option exercise Dispose M No 0 1,270 0 0
8 Jun 20 Frisch Steven J. Common Stock, $.01 par value Sell Dispose S Yes 70.25 4,650 326.66K 48,318
8 Jun 20 Frisch Steven J. Common Stock, $.01 par value Option exercise Aquire M Yes 34.77 4,650 161.68K 52,968
8 Jun 20 Frisch Steven J. Options to Buy Common Stock Option exercise Dispose M Yes 34.77 4,650 161.68K 0
27 May 20 Ninivaggi Angelo Michael Jr Common Stock, $.01 par value Sell Dispose S No 67.1066 4,000 268.43K 33,262
27 May 20 Ninivaggi Angelo Michael Jr Common Stock, $.01 par value Sell Dispose S No 66.1634 4,393 290.66K 37,262
27 May 20 Kelsey Todd P. Common Stock, $.01 par value Sell Dispose S No 68.425 2,000 136.85K 123,913
27 May 20 Kelsey Todd P. Common Stock, $.01 par value Sell Dispose S No 67.5849 2,801 189.31K 125,913
27 May 20 Kelsey Todd P. Common Stock, $.01 par value Option exercise Aquire M No 44.395 4,801 213.14K 128,714
94.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 191 209 -8.6%
Opened positions 27 56 -51.8%
Closed positions 45 14 +221.4%
Increased positions 56 56
Reduced positions 75 65 +15.4%
13F shares
Current Prev Q Change
Total value 7.6B 10.27B -26.0%
Total shares 27.74M 28.09M -1.2%
Total puts 0 5.9K EXIT
Total calls 24.3K 46K -47.2%
Total put/call ratio 0.1
Largest owners
Shares Value Change
BLK BlackRock 4.28M $233.56M -2.4%
Vanguard 3.18M $173.45M +1.4%
Disciplined Growth Investors 2.83M $154.45M -2.2%
Dimensional Fund Advisors 2.29M $125.18M -5.3%
BEN Franklin Resources 1.21M $65.84M -10.4%
NTRS Northern Trust 1.03M $56.27M +0.5%
STT State Street 923.17K $50.37M +3.6%
Victory Capital Management 849.18K $46.33M +38.0%
SAMG Silvercrest Asset Management 810.05K $44.2M -16.7%
Massachusetts Financial Services 716.21K $39.08M +15.8%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -425.81K EXIT
DB Deutsche Bank 290.9K +270.71K +1340.5%
GS The Goldman Sachs Group, Inc. 389.03K +259.86K +201.2%
Victory Capital Management 849.18K +233.64K +38.0%
Channing Capital Management 196.58K +196.58K NEW
SAMG Silvercrest Asset Management 810.05K -162.59K -16.7%
Millennium Management 5.95K -160.18K -96.4%
Cooke & Bieler 410.15K -149.3K -26.7%
BEN Franklin Resources 1.21M -140.3K -10.4%
BMO Bank Of Montreal 141.63K +134.48K +1880.0%

Financial report summary

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Risks
  • Our net sales and operating results may vary significantly from period to period.
  • Plexus is a multinational corporation and operating in multiple countries exposes us to increased risks, including adverse local developments and currency risks.
  • Our customers do not make long-term commitments and may cancel or change their production requirements.
  • We have a complex business model, and our failure to properly manage or execute on that model, as well as an inability to maintain our engineering, technological and manufacturing process expertise, could adversely affect our operations, financial results and reputation.
  • We experience raw material and component shortages and price fluctuations.
  • Our services involve other inventory risk.
  • Our products and services are for end markets that require technologically advanced products.
  • Challenges associated with the engagement of new customers or programs, or the provision of new services, could affect our operations and financial results.
  • Start-up costs and inefficiencies related to new, recent or transferred programs can adversely affect our operating results.
  • Failure to manage periods of growth or contraction may seriously harm our business.
  • An inability to successfully manage the procurement, development, implementation or execution of information systems, or to adequately maintain these systems and their security, as well as to protect data and other confidential information, may adversely affect our business and reputation.
  • Changes in tax laws, potential tax disputes, negative or unforeseen tax consequences or further developments affecting our deferred tax assets could adversely affect our results.
  • We and our customers are subject to increasingly extensive government regulations and industry standards; a failure to comply with current and future regulations and standards could have an adverse effect on our business, customer relationships, reputation and profitability.
  • A failure to comply with customer-driven policies and standards, and third-party certification requirements or standards, including those related to social responsibility, could adversely affect our business and reputation.
  • Changes to financial accounting rules or standards, or challenges to our interpretation or application of the rules by regulators, may have a material adverse effect on our reported financial results or on the way we conduct business.
  • There may be problems with the products we design, manufacture or service that could result in liability claims against us, reduced demand for our services and damage to our reputation.
  • Intellectual property infringement claims against our customers or us could harm our business.
  • Increased competition may result in reduced demand or reduced prices for our services.
  • We depend on our workforce, including certain key personnel, and the loss of key personnel or other personnel disruptions, including the inability to hire and retain sufficient personnel, may harm our business.
  • Natural disasters, breaches of security and other events outside our control, and the ineffective management of such events, may harm our business.
  • We may fail to secure or maintain necessary additional financing or capital.
  • We may fail to successfully complete future acquisitions, as well as strategic arrangements, and may not successfully integrate acquired operations or recognize the anticipated benefits, which could adversely affect our operating results.
Management Discussion
  • Net sales. For the three months ended April 4, 2020, net sales decreased $21.7 million, or 2.7%, as compared to the three months ended March 30, 2019. For the six months ended April 4, 2020, net sales increased $65.2 million, or 4.2%, as compared to the six months ended March 30, 2019.
  • Net sales are analyzed by management by geographic segment, which reflects the Company's reportable segments, and by market sector. Management measures operational performance and allocates resources on a geographic segment basis. The Company’s global business development strategy is based on our targeted market sectors.
  • AMER. Net sales for the three months ended April 4, 2020 in the AMER segment decreased $30.1 million, or 8.3%, as compared to the three months ended March 30, 2019. The decrease in net sales was driven by a reduction in net sales of $19.2 million due to manufacturing transfers to our APAC segment, $5.6 million due to a disengagement with a customer and overall net decreased customer end-market demand. The decrease was partially offset by a $35.8 million increase in production ramps of new products for existing customers and a $5.7 million increase in production ramps for new customers.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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