Plexus Corp (PLXS) Tops Q3 EPS by 2c

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 $619 million versus the consensus estimate of $608.79 million.

Patrick Jermain, Senior Vice President and CFO, commented, “Our fiscal third quarter ROIC was 16.1%, a result that is 560 basis points above our weighted average cost of capital and exceeds our 500 basis point Economic Return goal. Consistent with our expectations, fiscal third quarter working capital requirements increased to support new program ramps occurring during the fiscal fourth quarter. Despite the additional working capital requirements, we delivered approximately $7 million of free cash flow during the quarter and expect to improve on this result during the fiscal fourth quarter.

GUIDANCE:

Plexus Corp sees Q4 2017 EPS of $0.77-$0.87, versus the consensus of $0.84. Plexus Corp sees Q4 2017 revenue of $660-770 million, versus the consensus of $674.8 million.

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

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