Some of the statements made and information provided during our call as well as information included in the supporting materials will be forward looking statements, including, without limitation, those regarding revenue, gross margin, selling & administrative expense, operating margin, other income and expense, taxes, cash cycle, capital allocation and future business outlook including the impact of COVID-19 on the company's business and the results of operations. Forward-looking statements are not guarantees since there are inherent difficulties in predicting future results, and actual results could differ materially from those expressed or implied in the forward-looking statements. For a list of factors that could cause actual results to differ materially from those discussed, please refer to the Company's periodic SEC filings, particularly the risk factors in our Form 10-K filing for the fiscal year ended October 02, 2021, as supplemented by our form 10-Q filings, and the Safe Harbor and Fair Disclosure statement in yesterday's press release.
2
PLEXUS CORP.
Organizational changes
Steve Frisch
Oliver Mihm
President & Chief Strategy Officer
Exec VP & Chief Operating Officer
3
PLEXUS CORP.
Fiscal first quarter results
Q1F22 Results
Q1F22 Preliminary Results
Revenue ($ millions)
$817
$815 to $820
GAAP Diluted EPS
$0.82(1)
$0.80 to $0.84(2)
Revenue below expectations due to unanticipated supply chain challenges in AMER region
EPS below expectations due to reduced revenue, product mix and operational inefficiencies
Demand remains exceptionally strong. Ability to win business continues to accelerate.
Trailing Four Quarter wins +7% year over year to a record $1.1B
Funnel of qualified opportunities at a record $3.3B
Includes $0.06 in restructuring charges and $0.22 of stock- based compensation expense
Issued January 18, 2022, and includes $0.06 in restructuring charges and $0.22 of stock-based compensation expense
4
PLEXUS CORP.
Fiscal 2022 second quarter guidance
REVENUE GUIDE
Demand strong across all market sectors
Supply chain constraints limiting revenue
EPS GUIDE
Pressured due to infrastructure in place to support robust revenue forecasts and seasonal compensation costs
GAAP operating margin of 3.6% to 4.0%, including approximately 80 bps of stock-based compensation expense
Q2F22 Guidance
Revenue
$820 to $860 million
GAAP Diluted EPS
$0.76 to $0.92*
FISCAL 2022 OUTLOOK
Strong demand forecasts for next several quarters
Program ramps progressing with pipelined supply
Sequential revenue and GAAP EPS growth through the remainder of fiscal 2022
* Includes $0.23 of stock-based compensation expense
5
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Plexus Corporation published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 21:58:04 UTC.
Plexus Corp. is specialized in providing design and development, supply chain solutions, new product introduction, manufacturing, and sustaining services. The Company offers solutions to industrial, healthcare/life sciences and aerospace/defense market sectors by comprehensive solutions throughout the products lifecycle. Its segments include Americas (AMER), Asia-Pacific (APAC) and Europe, Middle East, and Africa (EMEA) regions. Its design and development services include user-centered design (UCD), mechanical engineering, electrical engineering, quality, and compliance engineering, project management, and software engineering. Its supply chain services include design for supply chain, supply chain risk management, actionable analytics, innovative sourcing, and others. Its new product introduction includes test engineering, rapid prototyping, and transition management. Its sustaining services include aftermarket services, product lifecycle extension, and distribution management.
PLEXUS CORP. 
