Plexus(US:PLXS)2020-10-30 21:03Fiscal Fourth Quarter 2020 Results - Revenue reached $913 million, exceeding guidance and showing a 7% sequential growth from Q3F20's $857 million[5, 69] - GAAP diluted EPS was $1.26, surpassing the guidance range of $1.05 to $1.20[5, 69] - GAAP operating margin was 5.5%, the best in over a decade[5, 69] Fiscal Year 2020 Performance - Record revenue of $3.4 billion was achieved[10] - Economic return averaged 520 basis points, exceeding the enduring goal of 500bps[10] - Record free cash flow of $160 million was generated[11] Revenue by Sector (Q4F20 vs Q3F20) - Healthcare and Life Sciences revenue was $345 million (38%) compared to $330 million (39%), a 5% increase[35] - Industrial and Commercial revenue was $341 million (37%) compared to $317 million (37%), a 7% increase[38] - Aerospace and Defense revenue remained flat at $141 million (16%)[36] - Communications revenue increased to $86 million (9%) from $69 million (8%), a 25% increase[38] Manufacturing Wins - Q4F20 manufacturing wins totaled $286 million[39] - Trailing Four Quarters (TFQ) manufacturing wins reached $952 million[40] Fiscal First Quarter 2021 Guidance - Revenue is projected to be between $810 million and $850 million[20, 77] - GAAP diluted EPS is expected to be between $1.02 and $1.17[20, 77] - GAAP operating margin is guided to be between 4.9% and 5.3%[20, 77] Additional Highlights - Cash balance increased to $388 million[71] - Share repurchases amounted to $21.9 million, with approximately 295,000 shares repurchased at an average price of $74.34 per share[71] - The company is expanding its Thailand facility with an investment in approximately 400,000 sq ft manufacturing facility[67]