NEENAH, WI – EMS provider Plexus Corp. announced third-quarter revenue of $456 million, up about 17% year-over-year.
 
Gross profit for the period was $48.8 million, up about 21% compared to the same fiscal period in 2007.
 
For the nine-month period ended June 28, net sales were about $1.37 billion, up nearly 18% compared to the year-ago period. Gross profit was about $156 million, up nearly 30% year-over-year.
 
For the quarter, return on invested capital was 21%, and revenues exceeded company guidance.
 
In a press release, president and CEO Dean Foate said, “Sequentially strong performance in our Wireline/Networking and Medical sectors offset a modest decline in our Industrial/Commercial sector and an anticipated $26 million reduction in revenue from our large unnamed defense program.”
 
Excluding that defense program, revenue grew 7.3% sequentially.
 
The firm expects fourth-quarter revenue between $470 million and $490 million. 

SAN JOSE – Flextronics today announced first-quarter record net sales of $8.4 billion, up 62% year-over-year. The results include the acquisition of Solectron, which Flextronics finalized during the third quarter last year.
 
Record adjusted operating profit for the period increased 83% compared to the same quarter last year, to $280 million. 
 
Record adjusted net income was $227 million, up 69% year-over-year.
 
Flextronics said it would repurchase up to 10% of its outstanding ordinary shares, joining rivals Benchmark and Jabil in stock repurchases.
 
For the second quarter, revenue is expected to be in the range of $8.5 billion to $9 billion.

LAKE FOREST, CA – EMS firm Probe Manufacturing is adding design, manufacturing and marketing of proprietary renewable-energy products, including engine control units, converters and inverters.
 
The company’s OEM arm is the result of two years of investment in research and development efforts to design technologies and products aimed at customers seeking to reduce their energy use and environmental impact.
 
“We believe alternative energy and green technologies are going to be substantial growth markets in the 21st Century and we have been slowly moving the company in that direction,” Probe CEO Reza Zarif said. “Two major sectors in alternative energy are electricity generation and transportation; our research and development efforts have been focused on these two sectors.”
 
Probe remains committed to its contract electronics manufacturing business, Zarif said.

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