Plexus Corp. Reports Earnings Results for the Second Quarter and Six Months Ended March 30, 2024
April 24, 2024 at 04:15 pm EDT
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Plexus Corp. reported earnings results for the second quarter and six months ended March 30, 2024. For the second quarter, the company reported sales was USD 966.9 million compared to USD 1,070.82 million a year ago. Net income was USD 16.24 million compared to USD 40.84 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 1.48 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 1.45 a year ago.
For the six months, sales was USD 1,949.51 million compared to USD 2,164.75 million a year ago. Net income was USD 45.45 million compared to USD 83.03 million a year ago. Basic earnings per share from continuing operations was USD 1.65 compared to USD 3 a year ago. Diluted earnings per share from continuing operations was USD 1.62 compared to USD 2.94 a year ago.
Plexus Corp. is specialized in providing design and development, supply chain solutions, new product introduction, manufacturing, and sustaining services. The Company offers solutions to industrial, healthcare/life sciences and aerospace/defense market sectors by comprehensive solutions throughout the products lifecycle. Its segments include Americas (AMER), Asia-Pacific (APAC) and Europe, Middle East, and Africa (EMEA) regions. Its design and development services include user-centered design (UCD), mechanical engineering, electrical engineering, quality, and compliance engineering, project management, and software engineering. Its supply chain services include design for supply chain, supply chain risk management, actionable analytics, innovative sourcing, and others. Its new product introduction includes test engineering, rapid prototyping, and transition management. Its sustaining services include aftermarket services, product lifecycle extension, and distribution management.
PLEXUS CORP. 
