Plexus Q3 adjusted EPS beats estimates

Plexus

23/07/2025 21:42

Overview

Plexus fiscal Q3 revenue of $1.018 bln largely in-line with analyst expectations, per LSEG data

Adjusted EPS of $1.90 beats analyst estimates, per LSEG data

Outlook

Plexus projects Q4 revenue of $1.025 bln to $1.065 bln

Company expects Q4 GAAP EPS of $1.57 to $1.72,  including $0.25 of stock-based compensation expense

Plexus anticipates Q4 non-GAAP EPS of $1.82 to $1.97

Company sees revenue growth from share gains and new customers

Result Drivers

EFFICIENCY INITIATIVES - Co attributes "strong" qtr performance to numerous efficiency initiatives, per CEO Todd Kelsey

MANUFACTURING WINS - Plexus secured 41 manufacturing programs, representing $250 mln in annualized revenue, when fully ramped into production

CASH CYCLE IMPROVEMENTS - Reduction in gross inventory balance and improved cash cycle contributed to strong ROIC of 14.1%, per CFO Patrick Jermain

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
In-line
$1.02 bln
$1.02 bln (7 Analysts)
Q3 Adjusted EPS
Beat
$1.9
$1.72 (6 Analysts)
Q3 EPS
$1.64
Q3 Net Income
$45.12 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy."

Wall Street's median 12-month price target for Plexus Corp is $160.00, about 16.5% above its July 22 closing price of $133.62

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNXX7BPr

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)