Key Developments: Plexus Corp (PLXS.O)
29.45USD
19 Jun 2013
$-0.52 (-1.74%)
$29.97
$29.90
$30.05
$29.45
109,175
184,247
$34.24
$19.63
Latest Key Developments (Source: Significant Developments)
Plexus Corp Opens USD 30 Million Plant in Romania's Oradea City-SeeNews - The Corporate Wire
SeeNews - The Corporate Wire reported that Plexus Corp has opened a USD 30 million (EUR 22.5 million) plant in the Romanian northwestern city of Oradea. Construction works on the new facility, which has an area of 27,000 square meters, started in 2012, Plexus Corp confirmed for SeeNews in an emailed statement. The plant employs 300 people. Present in Oradea since 2009, Plexus Corp offers product realization solutions to electronics customers active in different sectors. According to local media, the Company plans to increase staff to around 1,000 after the new unit becomes fully operational. Oradea is the main city in the northwestern county of Bihor. Full Article
Plexus Corp Issues Q3 2013 Guidance In Line With Analysts' Estimates-Conference Call
Plexus Corp announced that for the third quarter of 2013, it expects revenue guidance of $550 million to $580 million. At that level of revenue the Company anticipate EPS in the range of $0.55 to $0.62 excluding any unanticipated restructuring charges and including approximately $0.08 per share of stock-based compensation expense. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $567 million and EPS of $0.58 for the third quarter of 2013. Full Article
Plexus Corp Issues Q2 2013 Guidance In Line With Analysts' Estimates-Conference Call
Plexus Corp announced that for second quarter of 2013, it expects revenues to be in the range of $550-$580 million and earnings per share (EPS), excluding any unanticipated restructuring charges and including approximately $0.08 per share of stock-based compensation expense to be in the range of $0.50-$0.55. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $566 million and EPS of $0.53 for second quarter of 2013. Full Article
Plexus Corp Lowers Q1 2013 Guidance-DJ
Dow Jones reported that Plexus Corp expects first-quarter 2013 earnings and revenue to fall short of its previous guidance, due to weak demand in its networking and communications business. The Company now expects per-share earnings (EPS) of 45 cents to 47 cents, excluding restructuring charges, and revenue of around $531 million. The Company had previously expected earnings of 50 cents to 55 cents on revenue of $550 million to $580 million. Manufacturing demand softened across all of the company's sectors during the quarter, with the networking and communications business in particular recording less-than-typical demand in the final few weeks of the quarter. As a result, revenue from that sector fell 'substantially' below expectations, accounting for the majority of the shortfall. Full Article
Plexus Corp Sees Q1 2013 Guidance At Low End Of Prior Range-Conference Call
Plexus Corp announced that for first quarter of 2013, it expects revenue and EPS guidance trending towards the low end of the prior guidance range. Previously the Company expected revenue to be between $550-$580 million and EPS to be between$0.50 to $0.55. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $564 million and EPS of $0.52 for first quarter of 2013. Full Article
Plexus Corp Announces Chairman Change-Form 8-K
Plexus Corp reported in its Form 8-K that on November 14, 2012, John L. Nussbaum, the Non-Executive Chairman of the Board of Directors of Plexus Corp. (Company), informed the Company of his intention to retire from the Board, effective as of the Company’s 2013 Annual Meeting of Shareholders on February 13, 2013. The Board appointed Dean A. Foate, the Company’s President and Chief Executive Officer (CEO), as well as a Director, to succeed Mr. Nussbaum as Chairman, effective after the Annual Meeting. Full Article
Plexus Corp Issues Q1 2013 Guidance Below Analysts' Estimates-Conference Call
Plexus Corp announced that for the first quarter of 2013, it expects revenue guidance of $550 million to $580 million and EPS of $0.50 to $0.55 excluding any unanticipated restructuring charges and including approximately $0.08 per share of stock-based compensation expense. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $605 million and EPS of $0.60 for the first quarter of 2013. Full Article
Plexus Corp. Issues Q4 2012 Guidance; Revenue Guidance Below Analysts' Estimates
Plexus Corp. announced that for the fourth quarter of 2012, it expects revenue to be in the range of $590-$620 million and Diluted EPS of $0.60 to $0.66, excluding any restructuring charges and including approximately $0.08 per share of stock-based compensation expense. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $625 million and EPS of $0.66 for fourth quarter of 2012. Full Article
Plexus Corp. Announces New Manufacturing Facility In Neenah
Plexus Corp. announced that it intends to construct a 410,000 square foot manufacturing facility in Neenah, WI. This facility will replace two existing leased facilities in Neenah and will consolidate approximately 1000 employees into the new building. The facility is expected to cost approximately $50 million, with construction expected to begin in July 2012 and to be complete in fall 2013. Full Article
Plexus Corp. Issues Q3 2012 Guidance In Line With Analysts' Estimates
Plexus Corp. announced that for third quarter of 2012, it expects revenue to be in the range of $590-$620 million and diluted earnings per share (EPS) to be in the range of $0.60 to $0.66 excluding any unanticipated restructuring charges and including approximately $0.08 per share of stock-based compensation expense. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $603 million and EPS of $0.63 for third quarter of 2012. Full Article
BRIEF-Plexus up in extended trading after results
NEW YORK, Jan 16 - Plexus Corp : * Shares up 3.7 percent in extended trading after results
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