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Electronics Production | October 31, 2011

Plexus reports Q4 net income drop

Plexus has reported a Q4 net income of $18.3 million, a drop of 31.1% YoY. Revenue fell 3.15% compared to the fourth quarter of 2010 to $538.1 million.

Regarding the Q4 results, Dean Foate, President and CEO, commented: “We again experienced significant levels of forecast volatility. Despite this challenging environment, we delivered results that were within our guidance range. While the end-market demand environment is soft, our new business development activity is very encouraging”. © Plexus Q4 Fiscal 2011 Results (quarter ended October 1, 2011): Revenue: $538 million, relative to guidance of $530 to $560 million Diluted EPS: $0.52, including $0.08 per share of stock-based compensation expense, relative to guidance of $0.50 to $0.55 Fiscal 2011 Results: Revenue: $2.23 billion, up 10.8% over prior year Diluted EPS: $2.30 including $0.28 per share of stock-based compensation expense Return on invested capital (ROIC): 15.6% Q1 Fiscal 2012 Guidance: Revenue: $510 to $540 million Diluted EPS: $0.44 to $0.49, excluding any restructuring charges and including approximately $0.07 per share of stock-based compensation expense
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