PLXS Earnings Prediction
The chart below shows how PLXS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PLXS sees a -0.60% change in stock price 10 days leading up to the earnings, and a +1.37% change 10 days following the report. On the earnings day itself, the stock moves by -0.71%. This data can give you a slight idea of what to expect for the next quarter's release.
PLXS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.05B
2.60%
9.35%
Gross Margin
10.27%
8.68%
4.48%
Operating Margin
5.13%
-1.54%
1.79%
Net Margin
3.92%
-0.25%
49.62%
EPS
1.48
2.78%
62.64%
No Data Available
PLXS Earnings Analysis
Plexus Corp Corporation (PLXS.O) Earnings Conference Call
Positive
Record Free Cash Flow: Plexus achieved record free cash flow of $194 million in Q4, contributing to a total of $341 million for fiscal 2024, more than double the previous record.
Operating Margin Achievement: Non-GAAP operating margin reached 6.2% in Q4, exceeding the guidance range and achieving the long-term goal one year ahead of schedule.
Strong Q4 Revenue Performance: Revenue for Q4 was $1.05 billion, surpassing guidance and reflecting strong demand across multiple market sectors, particularly aerospace and defense.
Manufacturing Program Wins: The company secured 26 manufacturing program wins worth $230 million in annual revenue during Q4, including significant contributions from the Healthcare Life Sciences sector.
Debt Reduction and Share Buyback: Plexus reduced total debt by $102 million in Q4 and $184 million for the fiscal year, while also completing a $50 million share repurchase program.
Negative
Healthcare Revenue Decline: Revenue in the Healthcare Life Sciences sector declined 17% for fiscal 2024 due to inventory corrections and demand softness, with expectations for a further decline of high single digits in fiscal Q1.
Industrial Sector Revenue Decline: The industrial sector experienced a 3% revenue decline for fiscal 2024, with expectations of a mid single-digit decline in fiscal Q1 due to ongoing demand instability and inventory corrections.
Operating Margin Guidance Decline: Despite achieving a non-GAAP operating margin of 6.2%, the guidance for fiscal Q1 indicates a decrease to a range of 5.7% to 6.1%, reflecting lower revenue and fixed cost leverage.
EMEA Q4 Performance Weakness: The EMEA region's fiscal Q4 wins were only $5,000,000, indicating weak demand and limited growth opportunities compared to other regions.
Revenue Growth Pause: The company anticipates a pause in sequential revenue growth for fiscal Q1, primarily due to the impact of pull-ins from fiscal Q4, which may hinder overall growth projections for fiscal 2025.
PLXS FAQs
How does PLXS typically perform around its earnings report dates?
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PLXS Earning Call Sentiment
Earnings call transcript: Plexus Q4 2024 beats guidance, stock dips
PLXS.O
-1.66%Positive
The earnings call reveals strong financial performance, with record cash flow and debt reduction. Despite some uncertainties, such as the Boeing contract and supply chain challenges, guidance remains optimistic with expected growth in key sectors. The new share repurchase program further boosts shareholder confidence. The company's market cap suggests moderate volatility, aligning with a positive stock price movement prediction of 2% to 8%.
