On July 26 2023, PLEXUS CORP ($NASDAQ:PLXS) reported their financial results for FY2023 Q3, which ended on June 30 2023. The company recorded total revenue of USD 1021.6 million for the quarter, representing a 4.1% rise compared to the same period in the prior year. However, the reported net income was down 57.9% year over year, amounting to USD 15.8 million.
On Wednesday, July 26, 2023, PLEXUS CORP released their earnings results for the third quarter of Fiscal Year 2023. The company’s stock opened at $102.0 and closed at $102.1, slightly down by 0.4% from their last closing price of $102.5. Despite the positive results, investors were not overly enthusiastic about the company’s performance as the stock closed at the same price as when it opened. This may be due to the fact that the company’s growth had not been as strong as expected due to the impact of the ongoing pandemic on the global economic landscape. Overall, PLEXUS CORP had a good quarter with positive earnings results and some improvement in their profitability.
However, investors may remain cautious about the long-term prospects of the company until the global economy recovers from its current slump. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Plexus Corp. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Plexus Corp. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Plexus Corp. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Plexus Corp are shown below. More…
Income Statement Ratios
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GoodWhale has conducted an analysis of PLEXUS CORP‘s fundamentals and found that it is a medium risk investment. This finding was determined by taking into account the financial and business aspects. We have detected one risk warning on the balance sheet which requires further review and investigation. To get access to this risk warning, become a registered user with us. Our analysis is based on a rigorous assessment of the company’s assets, liabilities, cash flow, profitability, and other factors that are indicators of its financial health. The overall result of our assessment is a reliable indication of the company’s financial position and the level of risk associated with investing in PLEXUS CORP. More…
Risk Rating Analysis
Star Chart Analysis
The competition between Plexus Corp and its competitors is fierce. Each company is trying to gain market share and produce the best products and services. The companies are constantly innovating and improving their offerings. The competition is beneficial for consumers as it drives down prices and improves quality.
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Investors should take note of PLEXUS CORP‘s Q3 FY2023 results, which saw total revenue increase slightly at 4.1% compared to the same period last year. Despite this, net income dropped a significant 57.9%, resulting in USD 15.8 million. This could be an indicator of concerns with the company’s operations or outlook for the future, and investors should proceed with caution until further analysis can be performed. Long-term investors may want to review the company’s financials and operations more closely before making a decision.