NEENAH, WI – Plexus Corp. today announced fiscal third-quarter revenue of $379 million, down nearly 17% year-over-year.

The net profit dropped 47% to $9.2 million. Profits were up 84% over the April quarter, however.
 
"Overall revenues declined 3% sequentially from the fiscal second quarter with sequential declines in all sectors except our wireline/networking sector," said Dean Foate, president and CEO. Wireline/networking was up 4.5% sequentially, and now makes up 48% of the firm’s overall business. Medical, the firm’s second-largest segment, was down 14% for the quarter. 
 
The return on invested capital was 12.4% for the quarter.
 
Juniper remains the company’s largest customer, at 23% of sales.
 
The company set October quarter revenue guidance of $380 million to $405 million.
 

 

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