Revenue rose 20.1% to $305.5 million from $254.3 million last
year. The results beat analysts' consensus of $285 million in sales.
Plexus reported a net profit of $3.5 million a year ago.
Dean Foate, president and CEO, said, "Looking ahead, we remain confident about attaining revenue for the full fiscal year near the high end of our previously announced target range of 15 to 18%, despite the unsettled outlook for key end markets."
Plexus guided for third-quarter revenue of $305 million to
$315 million, and forecasts operating earnings per share of 13 cents to
15 cents.
The company said its bottom line in the fourth quarter should continue to benefit from operational improvements, which will include advancing the new facility in Penang, Malaysia, to a modest profit.
SAN FRANCISCO - Fabrinet,
an engineering and electromechanical manufacturing services company, will
purchase the manufacturing facilities located in Fuzhou, China,
from JDS Uniphase.
The deal is expected to be completed by June 30. Terms were not revealed.
Last week, JDS said it would transfer its Ewing and Mountain Lakes, NJ,
manufacturing facilities to Fabrinet. JDS has contracted assembly work to
Fabrinet since 2000.
The Fuzhou deal includes the 225,000 sq. ft. Fuzhou
plant, which makes optical components, and its 500 employees. Fuzhou port
sits at the mouth of the Minjiang River in South China.
Last December, Fabrinet acquired JDS Uniphase's manufacturing facilities in Singapore and Bintan, Indonesia.