Plexus Reports Fiscal Q3 Revenue Down 7.3%
NEENAH, WI – Plexus reported fiscal third quarter revenue of $618.8 million, down 7.3% year-over-year and up 2.4% sequentially.
For the period ended July 1, net income was $25.6 million, down 2% compared to the same quarter in 2016, and a 12.7% sequential decrease. Operating income was $29.5 million, down 4.7% year-over-year and 9.5% sequentially.
During the fiscal third quarter, Plexus won 32 manufacturing solutions programs, representing approximately $220 million in annualized revenue when fully ramped into production.
The electronics manufacturer expects fiscal fourth quarter revenue between $660 million and $700 million.
Register now for PCB West the Silicon Valley's largest PCB industry trade show: pcbwest.com! Now with full-day electronics assembly tutorials!
Press Releases
- Austin American Technology Reports Strong Growth in Mexico
- GEN3 Announces Exclusive UK Distribution Partnership with RAS for HATS2 Test System
- Yamaha Robotics Brings Inspection Innovations for Growing Markets to electronica 2024
- Zero Defects International to Exhibit at Silicon Valley Expo and Tech Forum