NEENAH, WI – Plexus reported fiscal third-quarter revenue of $620.5 million, up 8.5% year-over-year, and up 11.3% sequentially, a record for the company.

 Net income for the period ended ended June 28 was $24.6 million, up 5.95% compared to the same quarter last year, and up 32.8% sequentially.

"During the quarter, we won 25 new programs in our Manufacturing Solutions group.  We anticipate these wins will generate approximately $282 million in annualized revenue when fully ramped into production.  The wins performance this quarter results in a trailing four quarter total of approximately $801 million in annualized revenue, or approximately 35% of our trailing four quarter revenue, well above our goal of 25%," said Dean Foate, chairman, president and CEO of the electronics manufacturer.

The firm expects fiscal fourth-quarter 2014 revenue of $645 million to $675 million.

• Prev
• Next