Plexus Corp (PLXS) Tops Q3 EPS by 2c; Guides Q4 Revs Above the Street

Plexus Corp (NASDAQ: PLXS) reported Q3 EPS of $0.74, $0.02 better than the analyst estimate of $0.72. Revenue for the quarter came in at $621 million versus the consensus estimate of $615.84 million.

Plexus Corp sees Q4 2014 revenue of $645-675 million, versus the consensus of $630.7 million.

Dean Foate, Chairman, President and CEO, commented, "Fiscal third quarter revenues were $621 million, an increase of 11.3% from the prior quarter and 8.5% from the comparable quarter last year, setting a new record for the company. Non-GAAP diluted EPS was also strong at $0.74, a result that was at the top end of our guidance range. Return on invested capital was 14.6% or 360 basis points above our weighted average cost of capital of 11%."

Mr. Foate continued, "During the quarter, we won 25 new programs in our Manufacturing Solutions group. We anticipate these wins will generate approximately $282 million in annualized revenue when fully ramped into production. The wins performance this quarter results in a trailing four quarter total of approximately $801 million in annualized revenue, or approximately 35% of our trailing four quarter revenue, well above our goal of 25%."

For earnings history and earnings-related data on Plexus Corp (PLXS) click here.

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