PLXS Plexus Corp.
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 P. 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
()
Calendar
20 Nov 20
27 Nov 20
3 Oct 21
News
Financial summary
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| Annual (USD) | Oct 20 | Sep 19 | Sep 18 | Sep 17 | |
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Financial data from Plexus earnings reports.
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 18 Nov 20 | Darroch Ronnie | Common Stock, $.01 par value | Payment of exercise | Dispose F | No | 74.82 | 2,910 | 217.73K | 10,115 |
| 18 Nov 20 | Darroch Ronnie | Common Stock, $.01 par value | Option exercise | Aquire M | No | 0 | 6,160 | 0 | 13,025 |
| 18 Nov 20 | Darroch Ronnie | Performance Stock Units Common Stock | Option exercise | Dispose M | No | 0 | 6,160 | 0 | 2,160 |
| 18 Nov 20 | Darroch Ronnie | Performance Stock Units Common Stock | Grant | Aquire A | No | 0 | 3,080 | 0 | 8,320 |
| 18 Nov 20 | Frisch Steven J. | Common Stock, $.01 par value | Payment of exercise | Dispose F | No | 74.82 | 5,236 | 391.76K | 55,872 |
| 18 Nov 20 | Frisch Steven J. | Common Stock, $.01 par value | Option exercise | Aquire M | No | 0 | 11,140 | 0 | 61,108 |
| 18 Nov 20 | Frisch Steven J. | Performance Stock Units Common Stock | Option exercise | Dispose M | No | 0 | 11,140 | 0 | 3,890 |
| 18 Nov 20 | Frisch Steven J. | Performance Stock Units Common Stock | Grant | Aquire A | No | 0 | 5,570 | 0 | 15,030 |
| 18 Nov 20 | Patrick John Jermain | Common Stock, $.01 par value | Payment of exercise | Dispose F | No | 74.82 | 4,024 | 301.08K | 43,214 |
| 18 Nov 20 | Patrick John Jermain | Common Stock, $.01 par value | Option exercise | Aquire M | No | 0 | 8,560 | 0 | 47,238 |
Institutional ownership Q3 2020
92.5% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 219 |
| Opened positions | 42 |
| Closed positions | 17 |
| Increased positions | 60 |
| Reduced positions | 80 |
13F shares |
Current |
|---|---|
| Total value | 4.98B |
| Total shares | 27.06M |
| Total puts | 19K |
| Total calls | 55.2K |
| Total put/call ratio | 0.3 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 4.18M | $295.32M |
| Vanguard | 3.01M | $212.86M |
| Dimensional Fund Advisors | 2.06M | $145.72M |
| Disciplined Growth Investors | 2.03M | $143.29M |
| Earnest Partners | 1.31M | $92.74M |
| Victory Capital Management | 1.03M | $72.92M |
| STT State Street | 890.43K | $62.89M |
| SAMG Silvercrest Asset Management | 825.36K | $58.3M |
| BNP Paribas Asset Management Holding | 684.45K | $48.34M |
| Massachusetts Financial Services | 672.13K | $47.47M |
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. Fiscal 2020 net sales increased $226.0 million, or 7.1%, as compared to fiscal 2019.
- 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 fiscal 2020 in the AMER segment decreased $101.5 million, or 7.1%, as compared to fiscal 2019. The decrease in net sales was driven by overall net decreased customer end-market demand, primarily in the Healthcare/Life Sciences and Communications sectors. The decrease was also driven by a reduction in net sales of $46.3 million due to manufacturing transfers to our APAC segment and $23.6 million due to disengagements with customers. These decreases were partially offset by a $111.3 million increase in production ramps of new products for existing customers, inclusive of increased demand due to COVID-19, and a $27.8 million increase in production ramps for new customers.
Content analysis
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H.S. sophomore Avg
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Financial reports
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
10-Q
2018 Q3
Quarterly report
3 Aug 18
Current reports
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
24 Mar 20
8-K
Plexus Provides Financial Outlook Update Due to COVID-19
2 Mar 20
8-K
Submission of Matters to a Vote of Security Holders
13 Feb 20
Registration and prospectus
15-12B
Securities registration termination
24 Jan 18
8-A12B
Registration of securities on exchange
13 Dec 17
S-8
Registration of securities for employees
9 May 16
8-A12B/A
Registration of securities on exchange (amended)
26 Sep 08
15-12G
Securities registration termination
10 Sep 08
8-A12B
Registration of securities on exchange
29 Aug 08
S-8
Registration of securities for employees
16 May 08
S-8
Registration of securities for employees
23 May 05
S-8
Registration of securities for employees
13 May 05
S-8 POS
Registration of securities for employees (post-effective amendment)
13 May 05
Proxies
DEF 14A
Definitive proxy
10 Dec 19
DEFA14A
Additional proxy soliciting materials
10 Dec 19
DEF 14A
Definitive proxy
11 Dec 18
DEFA14A
Additional proxy soliciting materials
11 Dec 18
DEF 14A
Definitive proxy
12 Dec 17
DEFA14A
Additional proxy soliciting materials
12 Dec 17
DEFA14A
Additional proxy soliciting materials
1 Feb 17
DEF 14A
Definitive proxy
13 Dec 16
DEFA14A
Additional proxy soliciting materials
13 Dec 16
DEFA14A
Additional proxy soliciting materials
28 Jan 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
12 May 17
UPLOAD
Letter from SEC
11 Jul 16
SD
Conflict minerals disclosure
26 May 16
CORRESP
Correspondence with SEC
13 May 16
CORRESP
Correspondence with SEC
27 Apr 16
UPLOAD
Letter from SEC
25 Apr 16
SD
Conflict minerals disclosure
28 May 15
Ownership
4
PLEXUS / Scott Theune ownership change
20 Nov 20
4
PLEXUS / Angelo Michael Ninivaggi Jr ownership change
20 Nov 20
4
PLEXUS / Yong Jin Lim ownership change
20 Nov 20
4
PLEXUS / Todd P. Kelsey ownership change
20 Nov 20
4
PLEXUS / Patrick John Jermain ownership change
20 Nov 20
4
PLEXUS / Steven J. Frisch ownership change
20 Nov 20
4
PLEXUS / Ronnie Darroch ownership change
20 Nov 20
4
PLEXUS / DAVID J DRURY ownership change
18 Nov 20
4
PLEXUS / Yong Jin Lim ownership change
13 Nov 20
4
PLEXUS / Todd P. Kelsey ownership change
12 Nov 20