But what percent of profits? And how much can be "replaced" now that capacity is freed up? If they keep the business at lower margin what would that do? This will be a hit short term but probably a blessing in the long run - less dependence on single customer. - Plus they probably will not be able to totally transition by year end, It will take other supplier(s) some time to ramp up and I would guess thee will be some provision for the rn out of finishing supplies etc.
Comments on conference call centered around "surprise" at losing business - but also an "orderly transition and a continued focus on return on invested capital not just greater sales. Juniper was "dilutive" to PLXS return rates. The board will also consider accelerating the buy back soon.