Plexus Reports Quarterly Revenues of $1.12 Billion
NEENAH, WI — Plexus reported record revenues of $1.12 billion for the fourth quarter of its fiscal year, and revenues of $3.81 billion for the entire 2022 fiscal year.
Looking to the future, the company anticipates revenues of $1.08 billion to $1.13 billion for the first quarter of fiscal year 2023.
"The unwavering commitment to operational excellence of Plexus’ nearly 25,000 dedicated team members resulted in accelerating momentum as our fiscal 2022 progressed, culminating in record quarterly revenue and operating profit. With this strong base to build upon entering our fiscal 2023, the benefit of a large backlog of unfulfilled demand, share gains and participation in secular growth markets, we see the opportunity for continued momentum while acknowledging ongoing uncertainties in the macroeconomic outlook and geopolitical climate," said Todd Kelsey, chief executive officer of Plexus. "Our fiscal fourth quarter revenue of $1.12 billion, representing year-over-year growth of 33%, 5.5% GAAP operating margin and GAAP EPS of $1.78 exceeded our guidance. Our further success in mitigating the challenges from constrained component supply resulted in strong sequential revenue growth that drove outstanding profitability."
