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© kornwa dreamstime.com Electronics Production | October 25, 2012

Plexus with USD 595 million in revenue

EMS-provider Plexus reports on revenues of USD 595 million, in line with the company's guidance of USD 590 - 620 million.
© Plexus

Dean Foate, President and CEO, commented, "Fiscal 2012 was a year of many challenges and mixed results. For the year, we managed to grow revenues 3.4% to a record $2.3 billion and we delivered return on invested capital of 15.5%, 300 basis points above our weighted average cost of capital. Our new business wins performance was strong throughout the year, with cumulative wins during the fiscal year of $956 million; however, global macroeconomic challenges weighed heavily on many of our customers' end markets. As a consequence, we experienced forecast erosion of our base business, escalated pricing pressure, particularly in our Networking/Communications sector, and some of our new business program ramps were muted or delayed. While I was pleased that we were able to grow and drive the fundamentals of shareholder value creation in a difficult environment, both our revenue growth and return on invested capital performance were below our enduring goals."

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