Free Post Earnings Research Report: Plexus' Quarterly Earnings Jumped 6.76%

LONDON, UK / ACCESSWIRE / July 24, 2018 / If you want access to our free earnings report on Plexus Corp. (NASDAQ: PLXS), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PLXS. The Company reported its financial results on July 18, 2018, for the third quarter of the fiscal year 2018 (Q3 FY18), ended June 30, 2018. The Company exceeded analysts' estimates for revenues but missed earnings forecasts in Q3 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Plexus most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For Q3 FY18, Plexus' total revenues reached $726.39 million, reflecting an increase of 17.38% from $618.83 million in Q3 FY17. The reported quarter marks the fourth consecutive quarter of record revenues for Plexus. The Company's total revenue numbers surpassed analysts' consensus estimates of $720.40 million.

During the quarter under review, Plexus' Healthcare/Life Sciences segment's revenues jumped 26.67% to $266 million on a y-o-y basis, while its Industrial/Commercial segment's revenues increased 11.94% to $225 million on a y-o-y basis. For Q3 FY18, the Company's Communications segment's revenues were $120 million, up 21.21% on a y-o-y basis; and its Aerospace/Defense segment's revenues were $115 million, up 5.50% on a y-o-y basis.

For Q3 FY18, Plexus' cost of sales was $658.56 million, 18.10% higher than $557.65 million in Q3 FY17. The Company's gross profit advanced 10.58% to $67.82 million in the reported quarter from $61.19 million in the previous year's comparable quarter.

During Q3 FY18, Plexus incurred selling and administrative expenses of $35.38 million, up 11.54% from $31.72 million in Q3 FY17. The Company had an operating income of $32.45 million in the reported quarter, 10.10% higher than $29.47 million in the year ago corresponding quarter. Plexus' operating margin fell 0.30% to 4.47% in Q3 FY18.

Plexus reported a net income of $26.50 million in the quarter ended June 30, 2018, 3.60% higher than $25.58 million in the same period of last year. The Company's diluted earnings per share (EPS) increased 6.76% to $0.79 in Q3 FY18 from $0.74 in Q3 FY17, but missed analysts' consensus estimates of $0.82.

For Q3 FY18, Plexus had a return on invested capital (ROIC) of 15.90% and an economic return of 6.40%.

Cash Matters

Plexus had cash and cash equivalents of $332.72 million as on June 30, 2018, 41.51% lower than $568.86 million as on September 30, 2017. The Company's long-term debt and capital lease obligations, net of current portion, were $180.20 million as on June 30, 2018, compared to $26.17 million as on September 30, 2017.

For the quarter ended June 30, 2018, Plexus' cash inflow from operations was $38.60 million, less a capital expenditure of $22.90 million, resulting in a free cash flow of $15.70 million.

Plexus repurchased $56.70 million of its shares at an average price of $59.81 per share under its existing share repurchase program. In June 2018, the Company refinanced $150 million of the $175 million of senior notes that matured, reducing its debt by $25 million and lowering its borrowing costs, given the favorable fixed interest rates. The Company intends to repatriate an additional $50 million during Q4 FY18, which would result in more than $400 million repatriated for FY18.

Outlook

For the fourth quarter of the fiscal year 2018, ended September 29, 2018, Plexus expects revenues to be between $735 million and $775 million. The Company expects an operating margin of 4.50% to 4.90%, and diluted EPS of $0.82 to $0.92 for Q4 FY18.

Stock Performance Snapshot

July 23, 2018 - At Monday's closing bell, Plexus' stock was slightly up 0.18%, ending the trading session at $61.18.

Volume traded for the day: 170.43 thousand shares.

Stock performance in the previous six-month period - up 2.02%; past twelve-month period - up 12.34%; and year-to-date - up 0.76%

After yesterday's close, Plexus' market cap was at $2.01 billion.

Price to Earnings (P/E) ratio was at 22.13.

The stock is part of the Technology sector, categorized under the Printed Circuit Boards industry. This sector was up 0.4% at the end of the session.

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