secwatch.observer — SEC 8-K summary
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Issuer:     PLEXUS CORP (PLXS)
CIK:        0000785786
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0000785786-23-000033
Event type: litigation
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Plexus reaffirms Q3 non-GAAP guidance; GAAP EPS cut by $0.77 due to Norway arbitration charge
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- Reaffirmed Q3F23 non-GAAP guidance: revenue $1.0-$1.05B, adjusted operating margin 4.5%-5.0%, adjusted diluted EPS $1.05-$1.23.
- GAAP guidance lowered: now expects diluted EPS $0.28-$0.46 vs prior $0.57-$0.75 due to $14.4M arbitration charge.
- Additional one-time charge of $14.4M relates to adverse arbitration decision in Norway on contractual matter; company disagrees.
- Total restructuring and non-recurring charges for Q3F23 now ~$23.4M ($0.77 per diluted share impact).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/785786/000078578623000033/0000785786-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/785786/000078578623000033/plxs-20230518.htm
  HTML page:      https://secwatch.observer/filing/0000785786-23-000033

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