Loop Capital Starts Plexus (PLXS) at Buy

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Plexus Corp (PLXS) Tops Q2 EPS by 5c, Revenues Beat; Offers 3Q EPS/Revenue Guidance Above Consensus

April 22, 2020 4:22 PM EDT

Plexus Corp (NASDAQ: PLXS) reported Q2 EPS of $0.61, $0.05 better than the analyst estimate of $0.56. Revenue for the quarter came in at $767 million versus the consensus estimate of $741.17 million.

Revenue of $767 million for the fiscal second quarter of 2020GAAP diluted EPS of $0.43Non-GAAP adjusted diluted EPS of $0.61, excluding $0.18 per share related to restructuring activities, net of tax, as a result of the previously announced closure of our Boulder Design CenterInitiates fiscal third quarter 2020 revenue guidance of $790 to $830 million with GAAP diluted EPS of $0.72 to $0.82, excluding unforeseen material impacts relating to... More