Plexus ( (PLXS) ) has released its Q1 earnings. Here is a breakdown of the information Plexus presented to its investors.
Plexus Corp. is a global leader in designing, manufacturing, and servicing complex products across the Aerospace/Defense, Healthcare/Life Sciences, and Industrial sectors. For its fiscal first quarter of 2025, Plexus reported a revenue of $976 million with a GAAP operating margin of 4.8% and a diluted EPS of $1.34. On a non-GAAP basis, the company achieved an operating margin of 6.0% and a diluted EPS of $1.73. These results were bolstered by 30 manufacturing program wins representing $212 million in annualized revenue and a robust free cash flow generation of $27 million. The company also repurchased $12.8 million worth of shares and reduced its borrowing by $37 million. Looking ahead, Plexus has set its second-quarter revenue guidance at $960 million to $1.00 billion, with a focus on leveraging revenue expansion across its market sectors to achieve significant EPS growth in fiscal 2025.