Plexus Corp (PLXS) Announces $50M Buyback

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Plexus Announces $50 Million Share Repurchase Program

August 20, 2019 4:15 PM EDT

NEENAH, Wis., Aug. 20, 2019 (GLOBE NEWSWIRE) -- Plexus (NASDAQ: PLXS) announced today that its Board of Directors has approved a new share repurchase program under which the Company is authorized to repurchase up to $50 million of its common stock beginning upon expiration of the Companys previous share repurchase program. This most recent authorization is expected to extend through fiscal 2020. 

Patrick Jermain, Executive Vice President and Chief Financial Officer, commented, This repurchase program reflects our commitment to maximizing total shareholder return and our disciplined focus on delivering superior financial performance. We... More