Plexus Corp (PLXS) Misses Q1 EPS by 5c, Offers Q2 Guidance

Plexus Corp (NASDAQ: PLXS) reported Q1 EPS of $0.75, $0.05 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $677 million versus the consensus estimate of $685.07 million.

GUIDANCE:

Plexus Corp sees Q2 2018 revenue of $670-710 million, versus the consensus of $693.6 million.

• "Looking forward, we anticipate continued sequential revenue growth as we benefit from new program ramps and improving end markets. As a result, we are guiding fiscal second quarter 2018 revenue in the range of $670 to $710 million. While we are working diligently to maintain our operating margin within our target range, we expect our margins to be under pressure in the current quarter due to multiple program ramps and seasonal payroll headwinds. We are guiding GAAP EPS in the range of $0.68 to $0.78 for the fiscal second quarter 2018, exclusive of any additional impact related to U.S. Tax Reform.”

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

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