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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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