NEENAH, WI -- Plexus today reported record fiscal fourth quarter revenue of $771.18 million, up 15.1% year-over-year and near the high end of guidance. 

Gross profit was $73.3 million, up 10.2% from a year ago, while operating income rose 9% to $39 million. Operating margin was 4.8%. Net income was up 151% to $72.7 million.

During the quarter, Plexus won 44 manufacturing programs representing $233 million in annualized revenue when fully ramped into production. It repatriated over $50 million of offshore cash that was then deployed by investing in facilities and working capital and share buybacks. In total, Plexus brought back approximately $430 million in fiscal 2018.

For its fiscal 2018 ended Sept. 29, revenue was a record $2.9 billion, up 14% from fiscal 2017. Net income was down 88% to $13 million, while gross profit was $257.6 million, and operating income was $18 million, up 1% and down 9%, respectively, from a year ago.

The EMS firm guided for fiscal first quarter 2019 revenue of $750 million to $790 million and operating margin of 4.6 to 5%.

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