PLXS Plexus
Plexus Corp. engages in the provision of electronic manufacturing services. The firm partners with companies to transform concepts into branded products and deliver them to the market. It has partnerships with customers in the healthcare and life sciences; industrial and commercial; communications; and aerospace and defense market sectors. The company operates through the following geographical segments: Americas (AMER); Europe, Middle East, and Africa (EMEA); and Asia-Pacific (APAC). Plexus was founded by Peter Strandwitz, Shirani Ramin and John L. Nussbaum in 1979 and is headquartered in Neenah, WI.
Company profile
Ticker
PLXS
Exchange
Website
CEO
Todd Kelsey
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Flex • Jabil • Sanmina • TTM • Benchmark Electronics • CTS • Kimball Electronics • Key Tronic • Sigmatron International • SMTC ...
SEC CIK
Corporate docs
IRS number
391344447
PLXS stock data
()
Press releases
Plexus Announces Construction of a Manufacturing Facility in Bangkok, Thailand
29 Mar 21
Plexus Sets Fiscal Second Quarter 2021 Earnings Release Date
22 Mar 21
Plexus Fireside Chat at Raymond James Virtual Institutional Investors Conference
23 Feb 21
Plexus Corp. to Host Earnings Call
21 Jan 21
Plexus Announces Fiscal First Quarter Financial Results
20 Jan 21
Calendar
5 Feb 21
18 Apr 21
2 Oct 21
Financial summary
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Jan 21 | Oct 20 | Jul 20 | Apr 20 | |
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Annual (USD) |
Oct 20 | Sep 19 | Sep 18 | Sep 17 | |
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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) | 356.93M | 356.93M | 356.93M | 356.93M | 356.93M | 356.93M |
| Cash burn (monthly) | 10.32M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 36.69M | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 320.25M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 31.0 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 11 Mar 21 | Frisch Steven J. | Common Stock, $.01 par value | Sell | Dispose S | No | Yes | 90 | 3,460 | 311.4K | 50,016 |
| 5 Mar 21 | Michael V Schrock | Common Stock, $.01 par value | Sell | Dispose S | No | No | 86.0432 | 5,000 | 430.22K | 35,172 |
| 5 Mar 21 | Michael V Schrock | Common Stock, $.01 par value | Option exercise | Aquire M | No | No | 25.965 | 1,250 | 32.46K | 40,172 |
| 5 Mar 21 | Michael V Schrock | Common Stock, $.01 par value | Option exercise | Aquire M | No | No | 27.86 | 1,250 | 34.83K | 38,922 |
| 5 Mar 21 | Michael V Schrock | Common Stock, $.01 par value | Option exercise | Aquire M | No | No | 31.7 | 1,250 | 39.63K | 37,672 |
| 5 Mar 21 | Michael V Schrock | Common Stock, $.01 par value | Option exercise | Aquire M | No | No | 36.79 | 1,250 | 45.99K | 36,422 |
| 5 Mar 21 | Michael V Schrock | Options to Buy Common Stock | Option exercise | Dispose M | No | No | 25.965 | 1,250 | 32.46K | 0 |
| 5 Mar 21 | Michael V Schrock | Options to Buy Common Stock | Option exercise | Dispose M | No | No | 27.86 | 1,250 | 34.83K | 0 |
| 5 Mar 21 | Michael V Schrock | Options to Buy Common Stock | Option exercise | Dispose M | No | No | 31.7 | 1,250 | 39.63K | 0 |
| 5 Mar 21 | Michael V Schrock | Options to Buy Common Stock | Option exercise | Dispose M | No | No | 36.79 | 1,250 | 45.99K | 0 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
93.9% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 221 |
| Opened positions | 26 |
| Closed positions | 27 |
| Increased positions | 77 |
| Reduced positions | 81 |
13F shares |
Current |
|---|---|
| Total value | 2.12B |
| Total shares | 27.05M |
| Total puts | 9.9K |
| Total calls | 21.5K |
| Total put/call ratio | 0.5 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 4.35M | $340.21M |
| Vanguard | 3.04M | $237.41M |
| Disciplined Growth Investors | 1.97M | $154.29M |
| Dimensional Fund Advisors | 1.94M | $152.08M |
| Earnest Partners | 1.33M | $103.77M |
| Victory Capital Management | 1.14M | $89.38M |
| STT State Street | 912.83K | $71.39M |
| SAMG Silvercrest Asset Management | 795.94K | $62.25M |
| BNP Paribas Asset Management Holding | 791.45K | $61.9M |
| Fiduciary Management | 697.86K | $54.58M |
Financial report summary
?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 January 2, 2021, net sales decreased $22.0 million, or 2.6%, as compared to the three months ended January 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 January 2, 2021 in the AMER segment decreased $25.9 million, or 7.3%, as compared to the three months ended January 4, 2020. The decrease in net sales was driven by net decreased customer end-market demand, primarily in the Healthcare/Life Sciences and Aerospace/Defense sectors. The decrease was also driven by reductions in net sales of $6.3 million due to disengagements with customers and $5.8 million due to partial loss of business with a customer. These decreases were partially offset by a $20.0 million increase in production ramps for new customers, partially as a result of COVID-19, and a $13.2 million increase in production ramps of new products for existing customers.
Content analysis
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H.S. freshman Avg
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New words:
accelerate, accomplish, breakage, conform, core, dedicated, differentiation, earlier, engineer, engineering, Excellence, expansion, floor, foundational, growing, growth, guided, innovative, November, October, passion, perfect, pertaining, presidential, PSU, purpose, recovery, repay, repayment, reserved, slight, Superior, team, Thailand, thing
Removed:
accessed, adjustment, announced, applied, ASC, assist, blended, branded, calculating, capitalized, Cascade, classification, consist, construction, continuation, December, detail, direct, driver, efficient, employment, enactment, entitled, estate, exemption, exhausted, expedient, expensed, fourth, idea, iii, immaterial, implicit, inception, incremental, initial, key, leased, lessor, monitoring, negative, noncurrent, nonlease, offered, office, offshore, opening, optional, Oregon, package, pending, permitted, Portland, practical, promised, proposed, prorated, rated, real, realization, reflecting, reliable, Renewal, rent, residual, restrictive, retirement, salary, transform, transition, type, unchanged, warehouse
Financial reports
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
10-K
2018 FY
Annual report
16 Nov 18
Current reports
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
8-K
Entry into a Material Definitive Agreement
30 Apr 20
8-K
Plexus Announces Fiscal Second Quarter Financial Results
22 Apr 20
8-K
Departure of Directors or Certain Officers
6 Apr 20
8-K
Plexus Provides Financial Outlook Update Due To Impact of COVID-19
23 Mar 20
Registration and prospectus
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
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
DEF 14A
Definitive proxy
12 Dec 16
Other
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
SD
Conflict minerals disclosure
27 May 15
Ownership
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
4
PLEXUS / Patrick John Jermain ownership change
4 Mar 21
4
PLEXUS / Angelo Michael Ninivaggi Jr ownership change
3 Mar 21
4
PLEXUS / Todd P. Kelsey ownership change
3 Mar 21
4
PLEXUS / Steven J. Frisch ownership change
3 Mar 21
4
PLEXUS / DEAN A FOATE ownership change
3 Mar 21
4
PLEXUS / Steven J. Frisch ownership change
26 Feb 21
4
PLEXUS / Scott Theune ownership change
18 Feb 21
Transcripts
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
2019 Q3
Earnings call transcript
18 Jul 19
2019 Q2
Earnings call transcript
18 Apr 19