Plexus Announces 6% Decline in FY24 Revenue
NEENAH, WI – Plexus reported $3.96 billion in revenue for its full fiscal year, down 5.9% from fiscal year 2023.
For the fourth quarter, the company's revenue of $1.05 billion represented a decline of 2.9% from the same quarter last year.
"Our team’s focus throughout the fiscal year on delivering customer service excellence while driving expanded operational performance resulted in exceptional fiscal fourth quarter financial results and, we believe, positions us well for fiscal 2025," said CEO president and CEO Todd Kelsey. "Fiscal fourth quarter revenue of $1.05 billion, non-GAAP operating margin of 6.2% and non-GAAP EPS of $1.85 all exceeded guidance, while quarterly free cash flow of $194 million was a record and substantially exceeded our projections."
The company projects $960 million to $1 billion in revenue for the first quarter of its 2025 financial year.
