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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
CEO
Todd Kelsey
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
391344447

PLXS stock data

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Calendar

5 Feb 21
18 Apr 21
2 Oct 21
Quarter (USD)
Jan 21 Oct 20 Jul 20 Apr 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) 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

Beta Read what these cash burn values mean

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

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 Prev Q Change
Total holders 221 222 -0.5%
Opened positions 26 43 -39.5%
Closed positions 27 13 +107.7%
Increased positions 77 59 +30.5%
Reduced positions 81 84 -3.6%
13F shares
Current Prev Q Change
Total value 2.12B 2.26B -6.5%
Total shares 27.05M 27.1M -0.2%
Total puts 9.9K 14.1K -29.8%
Total calls 21.5K 55.2K -61.1%
Total put/call ratio 0.5 0.3 +80.3%
Largest owners
Shares Value Change
BLK Blackrock 4.35M $340.21M +4.0%
Vanguard 3.04M $237.41M +0.7%
Disciplined Growth Investors 1.97M $154.29M -2.8%
Dimensional Fund Advisors 1.94M $152.08M -5.7%
Earnest Partners 1.33M $103.77M +1.0%
Victory Capital Management 1.14M $89.38M +10.7%
STT State Street 912.83K $71.39M +2.5%
SAMG Silvercrest Asset Management 795.94K $62.25M -3.6%
BNP Paribas Asset Management Holding 791.45K $61.9M +15.6%
Fiduciary Management 697.86K $54.58M +12.4%
Largest transactions
Shares Bought/sold Change
BEN Franklin Resources 0 -461.86K EXIT
Norges Bank 425.69K +425.69K NEW
Channing Capital Management 0 -312.72K EXIT
BLK Blackrock 4.35M +168.65K +4.0%
IVZ Invesco 301.07K +164.87K +121.0%
Dimensional Fund Advisors 1.94M -118.61K -5.7%
Victory Capital Management 1.14M +110.48K +10.7%
BNP Paribas Asset Management Holding 791.45K +106.99K +15.6%
Fiduciary Management 697.86K +77.02K +12.4%
Cooke & Bieler 323.22K +73.35K +29.4%

Financial report summary

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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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