NEENAH, WI – Plexus reported fiscal first-quarter 2015 revenue of $664.7 million, up 24.5 year-over-year, and down 0.23% sequentially.

Net income for the period ended Jan. 3 was $23.1 million, up 30.7% compared to the fiscal first quarter of 2014, and down 12.7% sequentially.

Operating profit for the fiscal first quarter was $28.8 million, up 32.3% year-over-year, and down 9.1% sequentially.

"Fiscal first quarter revenues were $665 million, relatively flat from the prior quarter and up approximately 25% from the comparable quarter last year.  Revenues were above our guidance due to stronger than anticipated end-market demand in our Networking/Communications sector," said Dean Foate, chairman, president and CEO.

"During the quarter, we won 32 new programs in our Manufacturing Solutions group. We anticipate these wins will generate approximately $190 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 32% of our trailing four quarter revenue, well above our goal of 25%."

The electronics manufacturer expects fiscal second-quarter 2015 revenue of $630 million to $660 million.

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