Brief: Plexus Expects About $40 Mln Revenue Hit In Q2 Due To COVID-19

Plexus

02/03/2020 13:36

March 2 (Reuters) - Plexus Corp  PLXS.O :
    * PLEXUS PROVIDES FINANCIAL OUTLOOK UPDATE DUE TO COVID-19
    * PLEXUS - ANNOUNCED AN UPDATE TO ITS FISCAL Q2 REVENUE
OUTLOOK
DUE TO EVOLVING BUSINESS & FINANCIAL IMPLICATIONS RELATING TO
COVID-19 OUTBREAK
    * PLEXUS - CURRENTLY ESTIMATES FISCAL Q2 REVENUE TO BE
NEGATIVELY
IMPACTED BY ABOUT $40 MILLION PRIMARILY DUE TO WORKFORCE
DISRUPTIONS WITHIN SUPPLY CHAIN
    * PLEXUS - NEGATIVE IMPACT MAY RESULT IN REVENUE FOR Q2 TO
FALL
BELOW LOW END OF GUIDANCE RANGE OF $790 MILLION TO $830 MILLION
AS PROVIDED BY CO ON JAN 22
    * PLEXUS - OPERATING MARGIN WITHIN FISCAL Q2 IS ALSO
EXPECTED TO
BE NEGATIVELY IMPACTED DUE TO INEFFICIENCIES IN GLOBAL
MANUFACTURING FACILITIES

Source text for Eikon:  ID:nGNX5jyk1D 
Further company coverage:  PLXS.O 

 ((Reuters.Briefs@thomsonreuters.com;))