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
Website
CEO
Todd Kelsey
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Flex • Jabil • Sanmina • TTM • Benchmark Electronics • CTS • Kimball Electronics • Key Tronic • SMTC • Sigmatron International ...
SEC CIK
Corporate docs
Subsidiaries
Plexus Aerospace, Defense and Security Services, LLC • Plexus Asia, Ltd. • Plexus Corp. (UK) Limited • Plexus Corp. Limited • Plexus Deutschland GmbH • Plexus Electronica S. de R.L. de C.V. • Plexus (Hangzhou) Co., Ltd. • Plexus International • Plexus Intl. Sales & Logistics, LLC • Plexus Management Services Corporation ...
IRS number
391344447
PLXS stock data
News

Benzinga's Top Ratings Upgrades, Downgrades For August 12, 2022
12 Aug 22
JP Morgan Downgrades Plexus to Underweight
12 Aug 22
Where Plexus Stands With Analysts
29 Jul 22
Raymond James Maintains Outperform on Plexus, Raises Price Target to $105
29 Jul 22
Needham Maintains Buy on Plexus, Raises Price Target to $105
29 Jul 22
Press releases
Analyst ratings and price targets
Current price
Average target
$102.67
Low target
$98.00
High target
$105.00
Raymond James
Maintains
$105.00
Needham
Maintains
$105.00
Benchmark
Initiated
$98.00
Calendar
5 Aug 22
12 Aug 22
1 Oct 22
Financial summary
Quarter (USD) | Jul 22 | Apr 22 | Jan 22 | Oct 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Oct 21 | Oct 20 | Sep 19 | Sep 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 277.83M | 277.83M | 277.83M | 277.83M | 277.83M | 277.83M |
Cash burn (monthly) | 10.35M | 2.47M | (no burn) | (no burn) | 7.07M | 1.23M |
Cash used (since last report) | 14.2M | 3.39M | n/a | n/a | 9.69M | 1.69M |
Cash remaining | 263.63M | 274.44M | n/a | n/a | 268.14M | 276.14M |
Runway (months of cash) | 25.5 | 111.0 | n/a | n/a | 38.0 | 224.2 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Aug 22 | Kelsey Todd P. | Common Stock, $.01 par value | Sell | Dispose S | No | No | 96.41 | 1,000 | 96.41K | 97,904 |
12 Aug 22 | Kelsey Todd P. | Common Stock, $.01 par value | Sell | Dispose S | Yes | Yes | 96 | 2,000 | 192K | 19,451 |
11 Aug 22 | Kelsey Todd P. | Common Stock, $.01 par value | Sell | Dispose S | Yes | Yes | 96 | 1,000 | 96K | 21,451 |
11 Aug 22 | Kelsey Todd P. | Common Stock, $.01 par value | Sell | Dispose S | No | No | 95.6852 | 2,624 | 251.08K | 98,904 |
10 Aug 22 | Kelsey Todd P. | Common Stock, $.01 par value | Sell | Dispose S | No | No | 94.9633 | 3,000 | 284.89K | 101,528 |
4 Aug 22 | Ninivaggi Angelo Michael Jr | Common Stock, $.01 par value | Gift | Dispose G | No | No | 0 | 128 | 0 | 32,082 |
3 Aug 22 | Kelsey Todd P. | Common Stock, $.01 par value | Sell | Dispose S | No | No | 94.56 | 3,000 | 283.68K | 104,528 |
2 Aug 22 | Frisch Steven J. | Common Stock, $.01 par value | Sell | Dispose S | No | No | 94.2563 | 3,016 | 284.28K | 50,086 |
1 Aug 22 | Patrick John Jermain | Common Stock, $.01 par value | Sell | Dispose S | No | No | 93.8416 | 2,500 | 234.6K | 45,434 |
1 Aug 22 | Frisch Steven J. | Common Stock, $.01 par value | Sell | Dispose S | No | No | 93.789 | 3,564 | 334.26K | 53,102 |
Institutional ownership, Q1 2022
97.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 213 |
Opened positions | 22 |
Closed positions | 34 |
Increased positions | 64 |
Reduced positions | 86 |
13F shares | Current |
---|---|
Total value | 2.23B |
Total shares | 27.01M |
Total puts | 11.4K |
Total calls | 18.1K |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.43M | $362.05M |
Vanguard | 3.06M | $250.55M |
Disciplined Growth Investors | 2.27M | $185.89M |
Dimensional Fund Advisors | 1.82M | $148.78M |
Earnest Partners | 1.31M | $106.8M |
Fiduciary Management | 1.17M | $96.11M |
Victory Capital Management | 1.03M | $83.95M |
STT State Street | 1.01M | $83.03M |
Cooke & Bieler | 865.94K | $70.84M |
Massachusetts Financial Services | 862.18K | $70.54M |
Financial report summary
?Risks
- The end markets we serve require technologically advanced products and such markets may be impacted by a number of factors that could adversely impact our customers’ demand.
- 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 July 2, 2022, net sales increased $166.9 million, or 20.5%, as compared to the three months ended July 3, 2021. For the nine months ended July 2, 2022, net sales increased $161.9 million, or 6.4%, as compared to the nine months ended July 3, 2021.
- 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 the three months ended July 2, 2022 in the AMER segment increased $23.7 million, or 7.4%, as compared to the three months ended July 3, 2021. The increase in net sales was driven by a $26.8 million increase in production ramps of new products for existing customers, overall net increased customer end-market demand and increased pricing associated with inflated component prices, partially offset by the impact of supply chain constraints that have created limitations with meeting available customer demand. These increases were further offset by an $8.3 million decrease due to partial loss of business with customers and a $6.4 million decrease for end-of-life products.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
EBITDA, equal, EURIBOR, exceed, greater, iii, iv, Journal, overnight, prime, Simple, SOFR, sterling, Street, unrestricted, Wall
Removed:
aerospace, arise, eurocurrency, heightened, implemented, infection, LIBOR, maintaining, priority, progressively, safeguard, securing, top
Financial reports
Current reports
8-K
Plexus Announces Fiscal Third Quarter Financial Results
27 Jul 22
8-K
Entry into a Material Definitive Agreement
13 Jun 22
8-K
Plexus Announces Fiscal Second Quarter Financial Results
27 Apr 22
8-K
Plexus Confirms Fiscal Second Quarter Guidance
7 Mar 22
8-K
Submission of Matters to a Vote of Security Holders
18 Feb 22
8-K
Plexus Announces Fiscal First Quarter Financial Results
26 Jan 22
8-K
Plexus Announces Preliminary Fiscal First Quarter Results
18 Jan 22
8-K
Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2021 Financial Results
27 Oct 21
8-K
Regulation FD Disclosure
13 Aug 21
8-K
Departure of Directors or Certain Officers
2 Aug 21
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
26 Jan 22
DEFA14A
Additional proxy soliciting materials
17 Dec 21
DEFA14A
Additional proxy soliciting materials
18 Dec 20
DEFA14A
Additional proxy soliciting materials
9 Dec 19
DEFA14A
Additional proxy soliciting materials
10 Dec 18
DEF 14A
Definitive proxy
11 Dec 17
Other
SD
Conflict minerals disclosure
26 May 22
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
Ownership
4
PLEXUS / Todd P. Kelsey ownership change
12 Aug 22
4
PLEXUS / Angelo Michael Ninivaggi Jr ownership change
8 Aug 22
4
PLEXUS / Todd P. Kelsey ownership change
5 Aug 22
4
PLEXUS / Steven J. Frisch ownership change
3 Aug 22
4
PLEXUS / Patrick John Jermain ownership change
3 Aug 22
4
PLEXUS / Todd P. Kelsey ownership change
29 Jul 22
11-K
Annual report of employee stock purchases
22 Jun 22
4
PLEXUS / Angelo Michael Ninivaggi Jr ownership change
6 Jun 22
4
PLEXUS / Scott Theune ownership change
6 Jun 22
4
PLEXUS / Todd P. Kelsey ownership change
31 May 22
Transcripts
2022 Q3
Earnings call transcript
29 Jul 22
2022 Q2
Earnings call transcript
28 Apr 22
2022 Q1
Earnings call transcript
27 Jan 22
2021 Q4
Earnings call transcript
28 Oct 21
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
Reddit threads
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Daily Discussion Thread - January 26th, 2022
26 Jan 22
Daily Discussion Thread - January 25th, 2022
25 Jan 22
Daily Discussion Thread - January 24th, 2022
24 Jan 22
Is $BSGM on the verge of a breakout? Golden cross formation, Collaboration with the MAYO CLINIC
16 Nov 21