Fiscal 2023 fourth quarter guidance | --- | --- | --- | --- | |-------|----------------------------------------------------|------------------|--------------------------------| | | | | | | | REVENUE GUIDE • Robust commercial aerospace demand | | Q4F23 Guidance | | | • Ongoing new program ramps | Revenue | $1.00 billion to $1.04 billion | | | • Incremental weakness in semicap | | | | | • Modest softening of some industrial markets | GAAP Diluted EPS | $1.18 to $1.36* | • Ongoing supply chain challenges EPS G ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________________________________________ FORM 10-Q ____________________________________________________________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 1, 2023 O ...

Plexus Corporation (NASDAQ:PLXS) Q3 2023 Earnings Conference Call July 27, 2023 8:30 AM ET Company Participants Shawn Harrison - VP, Communications & IR Todd Kelsey - CEO & Director Steven Frisch - President & Chief Strategy Officer Patrick Jermain - EVP & CFO Oliver Mihm - EVP & COO Conference Call Participants David Williams - The Benchmark Company Melissa Fairbanks - Raymond James & Associates Steven Fox - Fox Advisors Matthew Sheerin - Stifel, Nicolaus & Company Anja Soderstrom - Sidoti & Company Christ ...

Safe harbor and fair disclosure statement PLEXUS CORP. | --- | --- | --- | --- | |------------------|-----------------|------------------------|-----------------| | | Q2F23 Results | Q2F23 Guidance | Q1F23 Results | | Revenue | $1.07 billion | $1.02 to $1.07 billion | $1.09 billion | | GAAP Diluted EPS | $1.45(1) | $1.06 to $1.24(1) | $1.49(1) | • Stronger than anticipated performance by Engineering and Sustaining Services (1) Our Q1F23 results and Q2F23 guidance and results included $0.21 of stock-based co ...

Plexus Corp. (NASDAQ:PLXS) Q2 2023 Earnings Conference Call April 27, 2023 9:00 AM ET Company Participants Shawn Harrison - VP, Communications & IR Todd Kelsey - CEO Steve Frisch - President & CSO Patrick Jermain - EVP & CFO Conference Call Participants David Williams - The Benchmark Company James Ricchiuti - Needham & Company Matthew Sheerinerin - Stifel Nicolaus Paul Chung - JPMorgan Anja Soderstrom - Sidoti & Company Operator Good morning, and welcome to the Plexus Corp. Conference Call regarding its Fis ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________________________________________ FORM 10-Q ____________________________________________________________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 1, 2023 ...

Table of Contents ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 001-14423 ____________________________________________________________________________________________________________________________________ PLEXUS CORP. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________________________________ ...

Financial Data and Key Metrics Changes - The company reported fiscal first quarter revenue of $1.09 billion, reflecting a 34% year-over-year growth [80] - GAAP operating margin was 5.2%, including stock-based compensation expense [84] - GAAP EPS was $1.49, which included $0.21 of stock-based compensation expense [84] - The company anticipates fiscal second quarter revenue guidance of $1.02 billion to $1.07 billion, with GAAP operating margin expected to be between 4.5% and 5% [24] Business Line Data and Key Metrics Changes - The Industrial sector revenue declined by 9% in the fiscal first quarter, with expectations of a 10% decline in the fiscal second quarter due to reduced demand from SemiCap customers [25] - The Healthcare/Life Sciences sector grew by 4% in the fiscal first quarter, with expectations for flat revenue in the fiscal second quarter before returning to growth [82] - The Aerospace and Defense sector declined by 2% in the fiscal first quarter, but is expected to see low single-digit growth in the fiscal second quarter [82] Market Data and Key Metrics Changes - The company’s funnel of qualified manufacturing opportunities increased by nearly $250 million to a record $3.6 billion [62] - The EMEA region saw exceptionally strong wins, contributing $93 million in the fiscal first quarter [26] - Demand in the Semiconductor Capital Equipment (SemiCap) sector is projected to be down by 10%, impacting overall revenue expectations by approximately 2% [14][15] Company Strategy and Development Direction - The company aims to achieve a GAAP operating margin of 5.5% by the end of fiscal 2023, focusing on resolving supply chain challenges and capitalizing on new program ramps [81] - The company is committed to environmental, social, and governance (ESG) initiatives, joining the Semiconductor Climate Consortium to reduce greenhouse gas emissions [60] - The company expects to return to sequential revenue growth in the fiscal second half, driven by strong demand in Healthcare/Life Sciences and Aerospace and Defense sectors [81] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing supply chain challenges, particularly with lagging edge semiconductors, but anticipates a reversal of trends in decision-making processes for customers [3][5] - The company remains optimistic about fiscal 2023, despite macroeconomic uncertainties, and expects to outperform market growth rates [81] - Management highlighted that the Aerospace and Defense sector is recovering, with supply constraints being the main gating factor [81][93] Other Important Information - The company made cash investments in operations totaling $49 million and capital expenditures of $23 million during the fiscal first quarter [7] - The balance sheet at quarter-end included cash of $248 million and debt of $516 million, with $180 million available to borrow under the credit facility [7] - The company is targeting to end fiscal 2023 with close to $50 million of free cash flow [85] Q&A Session Summary Question: What are the expectations for SemiCap demand? - Management expects SemiCap demand to be down by 10%, impacting overall revenue by about 2% [14][15] Question: How is the inventory and working capital situation? - Management indicated that inventory days are expected to increase, but they aim to reduce cash cycle days by 5 to 10 days by the end of fiscal 2023 [39][40] Question: What is the outlook for the Aerospace and Defense sector? - Management noted that demand is recovering, and they expect low single-digit growth in the sector for the fiscal second quarter [82][93] Question: How does the company plan to address supply chain challenges? - Management is focused on working with customers to improve the supply pipeline and resolve existing challenges [93] Question: What are the expectations for free cash flow? - Management anticipates free cash flow generation in the second half of the year, targeting close to $50 million by the end of fiscal 2023 [85]

Safe harbor and fair disclosure statement 2 • New program ramp schedule changes (1) Includes $0.21 of stock-based compensation expense (2) Includes $0.20 of stock-based compensation expense (3) Includes $0.18 of stock-based compensation expense SUSTAINABILITY SUPPLY CHAIN - INNOVATION PLEXUS CORP. EPS GUIDE • Higher interest and tax expense • Focused on achieving 5.5% GAAP operating margin goal PLEXUS CORP. Revenue in millions Manufacturing wins 7 3,037 3,109 3,316 3,325 3,371 3,361 3,389 3,633 2,000 2,500 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________________________________________ FORM 10-K (Mark One) ____________________________________________________________________________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 1, 2022 OR ☐ T ...