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NEENAH, WI -- Despite a jump in sales, top tier EMS provider Plexus Corp. reported a loss of $4.5 million in the second quarter due to costs associated with the closure of a Washington plant.

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.

The compay took $9.8 million in one-time charges related to the closure of the Bothell, WA, manufacturing facility, and to recognize a change in scope for a shop floor data-collection system.

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.


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