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Littelfuse Appoints Todd Kelsey to Board of Directors
Littelfuse (LFUS) announced the appointment of Todd Kelsey to the company's board of directors. Kelsey was also appointed to the Compensation Committee. Kelsey is the President and Chief Executive Officer of Plexus Corp (PLXS)
Plexus Reports Q3 Revenue of $1.3B, Exceeding Expectations
Reports Q3 revenue $1.3B, consensus $1.23B. Todd Kelsey, President and Chief Executive Officer, commented, "Plexus generated record quarterly revenue in the fiscal third quarter by capturing strengthening end market demand and successfully launching numerous new programs. Fiscal third quarter revenue of $1.305 billion exceeded guidance, increasing 12% sequentially and 28% year over year. In addition, non-GAAP operating margin of 6.3% met the high end of guidance, non-GAAP EPS of $2.32 exceeded guidance and we again delivered healthy working capital efficiency."
Company Forecasts Q4 Revenue of $1.33B to $1.38B
Sees Q4 revenue $1.33B-$1.38B, consensus $1.26B. Kelsey continued, "For our fiscal fourth quarter, we forecast continued revenue growth led by strength in our Healthcare/Life Sciences and Industrial market sectors, including our semiconductor capital equipment subsector. We are guiding revenue of $1.330 to $1.380 billion, up 4% sequentially and 28% year over year at the midpoint, non-GAAP operating margin of 6.1% to 6.5% and non-GAAP EPS of $2.47 to $2.63."
Plexus Anticipates Over 20% Revenue Growth for Fiscal 2026
The company said, "For fiscal 2026, we now anticipate generating in excess of 20% revenue growth due to Plexus' success in launching numerous new programs and our market share gains combined with improved end market demand. Additionally, we expect to deliver this considerable revenue growth with greater than 6% non-GAAP operating margin and healthy working capital efficiency."
Company Reports Q2 Revenue of $1.164B, Exceeding Expectations
Reports Q2 revenue $1.164B, consensus $1.13B. Todd Kelsey, President and Chief Executive Officer, commented, "Our momentum is accelerating broadly. For the fiscal second quarter, we increased revenue significantly year-over-year, delivered record manufacturing wins, expanded our efficiency efforts and generated robust profitability. We produced record revenue of $1.164 billion, which exceeded our guidance range and increased 19% year-over-year with significant contributions from all market sectors. In addition, non-GAAP operating margin of 6.0% met the high end of guidance, while non-GAAP EPS of $2.05 exceeded guidance."
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