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Plexus Announces Q3 Revenue Up 17% YoY |
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Written by Chelsey Drysdale
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Thursday, 24 July 2008 |
NEENAH, WI – EMS provider Plexus Corp. announced third-quarter revenue of $456 million, up about 17% year-over-year.
Gross profit for the period was $48.8 million, up about 21% compared to the same fiscal period in 2007.
For the nine-month period ended June 28, net sales were about $1.37 billion, up nearly 18% compared to the year-ago period. Gross profit was about $156 million, up nearly 30% year-over-year.
For the quarter, return on invested capital was 21%, and revenues exceeded company guidance.
In a press release, president and CEO Dean Foate said, “Sequentially strong performance in our Wireline/Networking and Medical sectors offset a modest decline in our Industrial/Commercial sector and an anticipated $26 million reduction in revenue from our large unnamed defense program.”
Excluding that defense program, revenue grew 7.3% sequentially.
The firm expects fourth-quarter revenue between $470 million and $490 million.
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