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Plexus Reports Q2 Revenue of $451M |
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Written by Chelsey Drysdale
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Thursday, 24 April 2008 |
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NEENAH, WI – EMS provider Plexus Corp. reported second-quarter revenue of $451 million, up 20% year-over-year.
The company reported net income of $22.1 million, up almost 54% compared to the same quarter last year.
"Revenue … was flat from the strong first quarter of fiscal 2008. Sequentially, strong performance in our wireline/networking and industrial/commercial sectors offset modest weakness in our medical sector, and a significant $29 million reduction in revenue from our large un-named defense program. Excluding this defense program, revenue grew approximately 5.5% sequentially," said Dean Foate, president and CEO of Plexus.
The company expects third-quarter revenue of $430 million to $450 million.
The company forecasts full year 2008 revenue growth in the range of 16% to 18%. |
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