Plexus reports Q1 EPS $1.73, consensus $1.59

Reports Q1 revenue $976M, consensus $980.62M. “Won 30 manufacturing programs during the quarter representing $212 million in annualized revenue when fully ramped into production. Generated fiscal first quarter free cash flow of $27M.. Todd Kelsey, President and Chief Executive Officer, commented, “Our team’s agility and responsiveness enabled strong operating performance in the fiscal first quarter, resulting in robust financial results to begin fiscal 2025. We delivered fiscal first quarter revenue of $976 million, in-line with expectations, and non-GAAP operating margin of 6.0%, near the high end of our guidance and consistent with our long-term goal. This contributed to non-GAAP EPS of $1.73, which exceeded guidance. Furthermore, free cash flow generation surpassed expectations, benefiting from the ongoing efforts of our fiscal 2024 initiatives to drive sustained improvement in working capital efficiency.”