secwatch.observer — SEC 8-K summary
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Issuer:     PLEXUS CORP (PLXS)
CIK:        0000785786
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0000785786-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plexus warns Q1 revenue, EPS will miss prior guidance; authorizes $50M buyback
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- Preliminary Q1 revenue expected $980-985M, below prior guidance of $990M-$1.03B.
- GAAP diluted EPS expected $1.02-$1.06, below prior guidance of $1.15-$1.33.
- Miss driven by inventory corrections and weaker demand in Healthcare/Lifesciences and Industrial.
- Board approves new $50M share repurchase authorization.
- Full Q1 results and Q2 guidance to be reported on Jan 25, 2024 conference call.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/785786/000078578624000006/0000785786-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/785786/000078578624000006/plxs-20240116.htm
  HTML page:      https://secwatch.observer/filing/0000785786-24-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer