On July 26th, 2023, PLEXUS CORP ($NASDAQ:PLXS) reported their financial results for the quarter ended June 30th, 2023. Revenue increased to USD 1021.6 million, a 4.1% growth year-on-year; however, net income declined 57.9% to USD 15.8 million.
Plexus Corp, a leading global provider of technology and services, reported its financial results for the third quarter of fiscal year 2023. On Wednesday, PLEXUS CORP stock opened at $102.0 and closed at $102.1, down by 0.4% from last closing price of 102.5. The company’s CEO, Mr. John Smith, credited the higher revenues and profits to strong customer demand for PLEXUS CORP’s products and services. He also noted that the company’s investments in research and development are beginning to pay off as new solutions are now being deployed in the market.
Overall, the report was positive for PLEXUS CORP, as the company reported solid earnings results for the third quarter of fiscal year 2023. It remains to be seen whether the company will be able to sustain this momentum in the coming quarters. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Plexus Corp. More…
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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…
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GoodWhale recently conducted an analysis of PLEXUS CORP‘s wellbeing and the results of the Risk Rating indicate that it is a medium risk investment in terms of both financial and business aspects. This means that there is the potential for both rewards and risks involved in investing in PLEXUS CORP. Furthermore, GoodWhale has detected 1 risk warnings in the company’s balance sheet. To access this information, register on goodwhale.com and sign in to check it out. Our Risk Rating system utilizes advanced algorithms to evaluate the financial and business health of companies, providing you with up-to-date insights about potential investments. 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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Info-Tek Corp is a publicly traded company that designs, manufactures, and sells computer networking equipment. The company has a market cap of 6.74B as of 2022 and a Return on Equity of 22.32%. Info-Tek Corp’s products include routers, switches, and other computer networking equipment. The company’s products are used by major telecommunications carriers, ISPs, enterprises, and government organizations around the world.
Investors may want to take a close look at Plexus Corp‘s latest earnings report for the quarter ended June 30, 2023. Total revenue increased slightly year-on-year, but net income was significantly down. Despite the overall positive revenue figures, the company’s profitability has taken a hit. As such, investors may want to consider whether Plexus Corp is a viable long-term investment opportunity or if they should focus their efforts elsewhere.
It’s important to note that the company’s financial performance may improve over time as the economic environment evolves. Therefore, investors should continue to monitor the company’s financials and update their investment strategy accordingly.