NEENAH, WI – Plexus reported fiscal third quarter revenue ended July 4 of $669.6 million, up 7.9% year-over-year, and up 2.8% sequentially.

Net income for the quarter was $23.8 million, down 3.2% compared to the same period last year, and up 0.85% sequentially.

The electronics manufacturer’s operating profit for the period was $28.6 million, up 1.5% year-over-year, and down 2.8% sequentially.

During the third quarter, Plexus won 34 programs, representing approximately $147 million in annualized revenue when fully ramped into production.

“Our fiscal third quarter results were consistent with our announcement of preliminary results on July 13th. While revenue of $670 million set a new quarterly record for the company, our results were disappointing given the stronger expectations we had when we issued our initial guidance in April,” said Dean Foate, chairman, president and CEO. “Looking forward to next quarter, we expect continuing end-market weakness in our Networking/Communications sector to largely offset anticipated sequential growth in our other three market sectors.  As a consequence, we are guiding fiscal fourth quarter 2015 revenue of $650 to $680 million.”

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