Plexus Q1 Revenue Soars 27% YoY PDF Print E-mail
Thursday, 24 January 2008 06:10
NEENAH, WIPlexus Corp. announced first-quarter revenue of $458 million, up 7.7% sequentially and 27% year-over-year. For the quarter, the EMS firm earned $27.3 million, up 44.7% year-over-year.

The company credits improvements at its Mexico site and some $1 million in income from the shipment of previously written-down inventories. Those operations cut operating losses to $395,000 in the quarter.

During the quarter, return on invested capital was 25.9% and gross margins were 12.1. Inventory days were 67, down one day, and cash cycle days were up two days to 61.

The company expects second-quarter revenues between $440 million and $460 million, as a major defense contract is set to expire.

President and CEO Dean Foate said, "We are cautiously optimistic that our customer forecasts and new business development efforts will support revenue growth in our target range of 15 to 18%, although we remain mindful of the potential impact of a turbulent global economy."
Last Updated on Thursday, 24 January 2008 06:11
 

Columns

Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

Read more...
 
The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.

Read more...
 

Features

Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Read more...
 
Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

Panasonic Debuts PanaCIM Maintenance with Augmented Reality
PanaCIM Maintenance with Augmented Reality software provides instant communication and information to factory technicians -- when and where it is needed -- so they can respond to factory needs more...