secwatch.observer — SEC 8-K summary
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Issuer:     PLEXUS CORP (PLXS)
CIK:        0000785786
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0000785786-24-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plexus Q1 revenue $983M misses initial guidance; Q2 outlook weak with restructuring charges
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- Fiscal Q1 revenue $983M, GAAP diluted EPS $1.04 including $0.19 stock compensation.
- Initial Q1 guidance was $990M-$1.03B revenue and $1.15-$1.33 EPS.
- Q2 guidance: revenue $930M-$970M, GAAP diluted EPS $0.48-$0.63, including $0.32 restructuring charges.
- Q2 GAAP diluted EPS midpoint $0.56, down sharply from Q1's $1.04; company cites restructuring.
- Adjusted operating margin Q2 guidance 4.0%-4.4% vs Q1 GAAP operating margin 4.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/785786/000078578624000010/0000785786-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/785786/000078578624000010/plxs-20240124.htm
  HTML page:      https://secwatch.observer/filing/0000785786-24-000010

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