Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2022 Financial Results

About this update from Plexus Corp.

[{"type":"text","content":"NEENAH, WI, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) today announced financial results for our fiscal fourth quarter and fiscal year ended October 1, 2022, and guidance for our fiscal first quarter 2023 ending December 31, 2022. Reports record fiscal fourth quarter 2022 revenue of $1.12 billion, GAAP operating margin of 5.5% and GAAP diluted EPS of $1.78, including $0.18 of stock-based compensation expenseReports record fiscal 2022 revenue of $3.81 billion, GAAP operating margin of 4.7% and GAAP diluted EPS of $4.86, including $0.82 of stock-based compensation expenseInitiates fiscal first quarter 2023 revenue guidance of $1.08 to $1.13 billion with GAAP diluted EPS of $1.40 to $1.58, including $0.20 of stock-based compensation expense Three Months Ended Oct 1, 2022 Oct 1, 2022 Dec 31, 2022 Q4F22 Results Q4F22 Guidance Q1F23 GuidanceSummary GAAP Items Revenue (in millions)$1,124 $980 to $1,020 $1,080 to $1,130Operating margin5.5% 4.7% to 5.2% 5.0% to 5.5%Diluted EPS (1)$1.78 $1.19 to $1.35 $1.40 to $1.58 Summary Non-GAAP Items (2) Return on invested capital (ROIC)13.0% Economic return3.7% (1) Includes stock-based compensation expense of $0.18 for Q4F22 results, $0.22 for Q4F22 guidance and $0.20 for Q1F23 guidance.(2) Refer to Non-GAAP Supplemental Information in Tables 1 and 2 for non-GAAP financial measures and a reconciliation to the comparable GAAP measures. Fiscal Fourth Quarter 2022 Information Won 32 manufacturing programs during the quarter representing $214 million in annualized revenue when fully ramped into productionTrailing four-quarter manufacturing wins of $1 billion in annualized revenue when fully ramped into productionPurchased $3.5 million of our shares at an average price of $90.63 per share under our share repurchase program, leaving $46.5 million of the current $50 million authorization remaining Fiscal Year 2022 Information GAAP diluted EPS of $4.86ROIC of 13.0%, delivered an economic return of 370 basis points above our weighted average cost of capital of 9.3%Purchased $50.4 million of our shares at an average price of $83.55 per share under our share repurchase programs Todd Kelsey, Chief Executive Officer, commented, \"The unwavering commitment to operational excellence of Plexus’ nearly 25,000 dedicated team members resulted in accelerating momentum as our fiscal 2022 progressed, c...

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