Plexus Corp (PLXS) News & EventsPLXSPlexus Corp

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)

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 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."