NEENAH, WI – Contract manufacturer Plexus Corp. reported record fiscal second-quarter revenue of $568 million, up 15.7% compared to the same period in 2010.
Net income for the period was $23.9 million, up 15.5% year-over-year.
Revenue is expected to increase 12% to 15% for the full year, even with the ramp down of production for two large companies, according to reports.
“During the fiscal second quarter, we won 21 new programs in our Manufacturing Solutions group that we anticipate will generate approximately $134 million in annualized revenue when fully ramped into production,” said Dean Foate, Plexus president and CEO. “We are establishing fiscal third quarter 2011 revenue guidance of $550 million to $580 million.”