NEENAH, WI – Plexus reported fiscal fourth quarter revenue ended Oct. 1 of $653.1 million, down 2.3% year-over-year and 2.2% sequentially.

Net income for the quarter was $19.1 million, a decrease of 20% compared to the same period last year, and down 26.8% sequentially.

Operating profit was $23.7 million, down 17.2% year-over-year and 23.5% sequentially.

The electronics manufacturer reported fiscal 2016 revenue ended Oct. 1 was $2.56 billion, down 3.7% year-over-year. Net income for the fiscal year was $76.4 million, a decrease of 19%, while operating profit was down 13.9% to $99.4 million.

“Despite late fiscal fourth quarter revenue headwinds, we achieved solid operating performance and EPS, resulting in adjusted EPS firmly in our guidance range,” said Todd Kelsey, president and CEO. “Our revenue was slightly below guidance as a result of softness within our Networking/Communications sector and the temporary impact to our Xiamen, China operations from Typhoon Meranti that made landfall on Sept. 15.”

Plexus expects fiscal first quarter 2017 revenue of $620 million to $650 million.

• Prev
• Next