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News Breaks
August 18, 2014
17:02 EDTPLXSPlexus announces $30M share buyback program
Plexus Corp announced that its board has approved a new share repurchase program under which the company is authorized to repurchase up to $30M of its common stock during FY15. The authorized repurchases represent approximately 2% of current market capitalization. The company expects to fund the majority of the repurchases with existing cash.
News For PLXS From The Last 14 Days
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July 22, 2015
16:05 EDTPLXSPlexus sees Q4 EPS 64c-72c, consensus 76c
Sees Q4 revenue $650M-$680M, consensus $689.9M. CEO Dean Foate said, "Our fiscal third quarter results were consistent with our announcement of preliminary results on July 13th. While revenue of $670M set a new quarterly record for the company, our results were disappointing given the stronger expectations we had when we issued our initial guidance in April. Looking forward to next quarter, we expect continuing end-market weakness in our Networking/Communications sector to largely offset anticipated sequential growth in our other three market sectors. As a consequence, we are guiding fiscal fourth quarter 2015 revenue of $650M-$680M. Achieving the midpoint of our guidance would result in full year revenue growth just shy of our 12% enduring goal."
16:03 EDTPLXSPlexus reports Q3 EPS 69c, consensus 70c
Reports Q3 revenue $670M, consensus $672.28M.
July 14, 2015
06:49 EDTPLXSPlexus initiated with a Buy at B. Riley
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