NASDAQ$PLXS
Plexus Corp · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Plexus' fiscal first quarter of 2020 financial results were announced, featuring record quarterly revenue.
Plexus reported a strong performance in the fiscal first quarter, with record quarterly revenue of $852 million and adjusted diluted EPS of $1.00, both exceeding expectations. The company generated $61 million in free cash flow and reduced its cash cycle by 9 days.
- Record quarterly revenue of $852 million was achieved.
- GAAP diluted EPS was $1.03.
- Non-GAAP adjusted diluted EPS was $1.00, excluding a net benefit of $0.03 per share related to special tax items.
- 30 manufacturing programs were won during the quarter, representing $167 million in annualized revenue when fully ramped into production.
Headline financials
Revenue & EPS history
Plexus · Revenue · Quarterly
$889M
Revenue by segment
Plexus · $804M total across 2 segments · Q1 2020
- Asia-Pacific$451M—56.1%
- Americas$353M—43.9%
Forward guidance
For the fiscal second quarter of 2020, Plexus expects revenue between $790 to $830 million and GAAP diluted EPS in the range of $0.80 to $0.90, excluding any non-recurring charges.
Tailwinds
- Revenue expected to be between $790 to $830 million.
- Expects to return to operating margin within target range of 4.7% to 5.0%.
- Sees robust EPS expansion for the fiscal year.
- Anticipates sequentially increasing revenue during the second half of the fiscal year.
- Company has largely stable end-markets.
Headwinds
- Revenue is expected to moderate from the exceptionally strong fiscal first quarter.
- GAAP diluted EPS is projected to be in the range of $0.80 to $0.90, excluding any non-recurring charges.
- EPS projection is impacted by seasonal payroll costs.
- EPS projection is impacted by the pause of two larger programs in the engineering organization.
- Company is strategically repositioning its Boulder Design Center to co-locate with its existing manufacturing facility in Boise, ID due to program pauses.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.1%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+2.5%
Avg return
30 days after
51%
35 / 68 earnings
Positive
+13.2%
Q1 2016
Best reaction
-18.1%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +2.7% | +5.8% | +7.1% | |
| Q1 2026 | +9.3% | +12.7% | +7.3% | |
| Q4 2025 | +2.8% | -1.7% | -5.2% | |
| Q2 2025 | -1.4% | -1.1% | +1.9% | |
| Q1 2025 | -10.1% | -15.2% | -19.4% | |
| Q4 2024 | +7.5% | +6.3% | +20.2% | |
| Q3 2024 | +9.0% | +6.3% | +7.7% | |
| Q2 2024 | +2.6% | +5.9% | +17.3% | |
| Q1 2024 | -5.1% | -6.7% | -4.2% | |
| Q4 2023 | +5.9% | +9.4% | +17.8% | |
| Q3 2023 | -3.9% | -3.9% | -2.9% | |
| Q2 2023 | -0.5% | +0.0% | +5.4% | |
| Q1 2023 | -18.1% | -19.6% | -16.1% | |
| Q4 2022 | -1.2% | +1.4% | +11.7% | |
| Q3 2022 | +6.5% | +9.6% | +9.9% | |
| Q2 2022 | +6.2% | +6.5% | +9.2% | |
| Q1 2022 | -6.0% | -2.3% | +2.8% | |
| Q4 2021 | -8.0% | -5.8% | -9.8% | |
| Q3 2021 | -0.3% | +1.4% | +2.8% | |
| Q2 2021 | -1.0% | +4.0% | +8.9% | |
| Q1 2021 | -3.7% | -3.2% | +0.6% | |
| Q4 2020 | -3.3% | -1.2% | +8.7% | |
| Q3 2020 | +2.8% | -1.6% | +3.4% | |
| Q2 2020 | +7.0% | +9.9% | +14.7% | |
| Q1 2020 | +2.6% | -3.2% | -7.6% | |
| Q4 2019 | +9.1% | +13.0% | +15.4% | |
| Q3 2019 | -9.1% | -8.4% | -7.1% | |
| Q2 2019 | -7.8% | -8.8% | -17.5% | |
| Q1 2019 | -2.1% | +1.6% | +9.3% | |
| Q4 2018 | +4.1% | +3.1% | +4.8% | |
| Q3 2018 | -0.5% | -1.5% | -1.7% | |
| Q2 2018 | -11.6% | -11.4% | -6.3% | |
| Q1 2018 | -5.7% | -6.0% | -7.2% | |
| Q4 2017 | +5.8% | +4.9% | +8.4% | |
| Q3 2017 | +3.5% | +3.2% | -6.2% | |
| Q2 2017 | -6.8% | -7.7% | -13.0% | |
| Q1 2017 | +0.4% | -0.0% | +8.1% | |
| Q4 2016 | +1.3% | +2.3% | +14.7% | |
| Q3 2016 | -2.2% | -0.4% | +2.1% | |
| Q2 2016 | +7.6% | — | — | |
| Q1 2016 | +13.2% | — | — | |
| Q4 2015 | -12.4% | — | — | |
| Q3 2015 | -6.2% | — | — | |
| Q2 2015 | +0.8% | — | — | |
| Q1 2015 | -0.7% | — | — | |
| Q4 2014 | +5.2% | — | — | |
| Q3 2014 | -3.7% | — | — | |
| Q2 2014 | +9.2% | — | — | |
| Q1 2014 | -3.3% | — | — | |
| Q4 2013 | +3.1% | — | — | |
| Q3 2013 | -1.7% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | +6.0% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | +4.9% | — | — | |
| Q2 2012 | -2.2% | — | — | |
| Q1 2012 | +2.1% | — | — | |
| Q3 2009 | +0.3% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | -13.6% | — | — | |
| Q2 2011 | +1.4% | — | — | |
| Q1 2010 | +1.3% | — | — | |
| Q1 2011 | +2.7% | — | — | |
| Q2 2010 | -1.6% | — | — | |
| Q4 2008 | -1.6% | — | — | |
| Q4 2010 | -1.6% | — | — | |
| Q4 2009 | +0.2% | — | — | |
| Q3 2010 | +0.2% | — | — |
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