Business
Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2020 Financial Results
Record fiscal fourth quarter revenue of $913 million and record fiscal 2020 revenue of $3.4 billionFiscal fourth quarter GAAP diluted EPS of $1.26, including
About this update from Plexus Corp.
[{"type":"text","content":"Record fiscal fourth quarter revenue of $913 million and record fiscal 2020 revenue of $3.4 billionFiscal fourth quarter GAAP diluted EPS of $1.26, including $0.23 of stock-based compensation expenseInitiates fiscal first quarter 2021 revenue guidance of $810 to $850 million with GAAP diluted EPS of $1.02 to $1.17 NEENAH, Wisc., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Plexus (NASDAQ: PLXS) today announced financial results for our fiscal fourth quarter ended October 3, 2020, and guidance for our fiscal first quarter ending January 2, 2021.\n Three Months Ended Oct 3, 2020 Oct 3, 2020 Jan 2, 2021 Q4F20 Results Q4F20 Guidance Q1F21 GuidanceSummary GAAP Items Revenue (in millions) $913 $850 to $890 $810 to $850 Operating margin 5.5% 4.8% to 5.2% 4.9% to 5.3% Diluted EPS (1) $1.26 $1.05 to $1.20 $1.02 to $1.17 Summary Non-GAAP Items (2) Return on invested capital (ROIC) 14.0% Economic return 5.2% (1) Includes stock-based compensation expense of $0.23 for Q4F20 results, $0.21 for Q4F20 guidance, and $0.19 for Q1F21 guidance. (2) Refer to Non-GAAP Supplemental Information in Tables 1 and 2 for non-GAAP financial measures and a reconciliation to GAAP. Fiscal Fourth Quarter 2020 Information Won 44 manufacturing programs during the quarter representing $286 million in annualized revenue when fully ramped into productionTrailing four quarter wins total $952 million in annualized revenue when fully ramped into productionPurchased $21.9 million of our shares at an average price of $74.34 per share under our existing share repurchase program Fiscal Year 2020 Information Revenue of $3.4 billion, up 7% from fiscal 2019GAAP diluted EPS of $3.93Non-GAAP diluted EPS of $4.08, excluding a benefit of $0.03 per share related to special tax items and a charge of $0.18 per share related to restructuring activitiesROIC of 14.0%, delivering an economic return of 520 basis points above our weighted average cost of capital of 8.8%Purchased $41.4 million of our shares at an average price of $67.86 per share under our existing share repurchase program Todd Kelsey, President and CEO, commented, “Our team delivered outstanding results in the fiscal fourth quarter, achieving record revenue of $913 million and GAAP diluted earnings per share of $1.26, both exceeding the top end of our guidance ranges. Strong demand in our Healthcare/Life Sciences and Industrial/Comme...