Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2021 Financial Results

About this update from Plexus Corp.

[{"type":"text","content":"NEENAH, WI, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) today announced financial results for our fiscal fourth quarter and fiscal year ended October 2, 2021, and guidance for our fiscal first quarter ending January 1, 2022. Fiscal fourth quarter revenue of $843 million, GAAP operating margin of 5.0% and GAAP diluted EPS of $1.16, including $0.23 of stock-based compensation expenseFiscal 2021 revenue of $3.4 billion, GAAP operating margin of 5.2% and GAAP diluted EPS of $4.76, including $0.85 of stock-based compensation expenseInitiates fiscal first quarter 2022 revenue guidance of $825 to $865 million with GAAP diluted EPS of $1.01 to $1.17, including $0.21 of stock-based compensation expense Three Months Ended Oct 2, 2021 Oct 2, 2021 Jan 1, 2022 Q4F21 Results Q4F21 Guidance Q1F22 GuidanceSummary GAAP Items Revenue (in millions)$843 $875 to $915 $825 to $865Operating margin 5.0% 4.8% to 5.2% 4.6% to 5.0%Diluted EPS (1)$1.16 $1.13 to $1.29 $1.01 to $1.17 Summary Non-GAAP Items (2) Return on invested capital (ROIC) 15.4% Economic return 7.3% (1) Includes stock-based compensation expense of $0.23 for Q4F21 results, $0.22 for Q4F21 guidance, and $0.21 for Q1F22 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 2021 Information Won 38 manufacturing programs during the quarter representing $251 million in annualized revenue when fully ramped into productionTrailing four quarter wins total $1.0 billion in annualized revenue when fully ramped into productionPurchased $29.3 million of our shares at an average price of $88.39 per share under our share repurchase programs. $46.9 million of our current $50 million authorization remains available to repurchase shares. Fiscal Year 2021 Information GAAP diluted EPS of $4.76, an increase of 21% from fiscal 2020ROIC of 15.4%, delivering an economic return of 730 basis points above our weighted average cost of capital of 8.1%Purchased $108.5 million of our shares at an average price of $84.78 per share under our share repurchase programs Todd Kelsey, President and CEO, commented, “I am proud of the resilience and unyielding focus on operational excellence of our more than 19,000 Plexus team members. Their actions during fiscal 2021 were foundational to advancing our visio...

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