Plexus Corp. (NASDAQ: PLXS) today announced financial results for
our fiscal first quarter ended December 30, 2023, and guidance
for our fiscal second quarter ending March 30, 2024.
-
Reports fiscal first quarter 2024 revenue of $983 million, GAAP
operating margin of 4.6% and GAAP diluted EPS of $1.04, including
$0.19 of stock-based compensation expense
-
Initiates fiscal second quarter 2024 revenue guidance of $930
million to $970 million with GAAP diluted EPS of $0.48 to $0.63,
including $0.25 stock-based compensation expense and approximately
$0.32 of restructuring charges
|
|
|
Three Months Ended |
|
Dec 30, 2023 |
|
Q1F24 Preliminary |
|
Mar 30, 2024 |
|
Q1F24 Results |
|
Results (1) |
|
Q2F24 Guidance |
Summary GAAP
Items |
|
|
|
|
|
Revenue (in millions) |
|
$983 |
|
|
$980 to $985 |
|
$930 to $970 |
Operating margin |
|
4.6 |
% |
|
4.6% |
|
3.0% to 3.4% |
Diluted EPS (2) |
|
$1.04 |
|
|
$1.02 to $1.06 |
|
$0.48 to $0.63 |
|
|
|
|
|
|
Summary Non-GAAP Items
(3) |
|
|
|
|
|
Adjusted operating margin
(4) |
|
|
|
|
4.0% to 4.4% |
Adjusted EPS (5) |
|
|
|
|
$0.80 to $0.95 |
Return on invested capital
(ROIC) |
|
10.3 |
% |
|
|
|
|
Economic return |
|
2.1 |
% |
|
|
|
|
(1) |
Preliminary results issued on January 16, 2024; guidance provided
October 25, 2023 was revenue of $990 million to $1.03 billion, GAAP
operating margin of 4.8% to 5.3% and GAAP EPS of $1.15 to $1.33,
including $0.19 of stock-based compensation expense. |
(2) |
Includes stock-based compensation expense of $0.19 for Q1F24
results, $0.19 for Q1F24 guidance and $0.25 for Q2F24 guidance.
Includes restructuring charges of approximately $0.32 for Q2F24
guidance. |
(3) |
Refer to Non-GAAP Supplemental Information in Tables 1 and 2 for
additional information regarding non-GAAP financial measures. |
(4) |
Excludes restructuring charges of approximately 100 basis
points. |
(5) |
Excludes restructuring charges of approximately $0.32, but includes
stock-based compensation expense of $0.25. |
|
|
Fiscal First
Quarter 2024
Information
- Won 30
manufacturing programs during the quarter representing $261 million
in annualized revenue when fully ramped into production
- Trailing
four-quarter manufacturing wins of $1.05 billion in annualized
revenue when fully ramped into production
- The Board of
Directors approved a new $50.0 million share repurchase program
that will commence upon completion of the current share repurchase
authorization, which has $5.7 million remaining
Todd Kelsey, Chief Executive Officer, commented,
“Consistent with revised expectations communicated on January 16,
2024, Plexus delivered fiscal first quarter revenue of $983
million, GAAP operating margin of 4.6% and GAAP EPS of $1.04.”
Mr. Kelsey continued, “Our go-to-market
organization is leveraging the current environment to create
significant opportunity for future growth, delivering sequential
increases in new manufacturing program wins and in our funnel of
qualified manufacturing opportunities. For the fiscal first
quarter, our team won 30 new manufacturing programs worth $261
million in annualized revenue. Concurrently, we significantly
expanded our funnel of qualified manufacturing opportunities by
more than $300 million from the prior quarter to $4.0 billion. This
funnel continues to include a greater than typical number of large
program opportunities.”
Mr. Kelsey further commented, “We are guiding
fiscal second quarter revenue of $930 million to $970 million,
non-GAAP operating margin of 4.0% to 4.4% and non-GAAP EPS of $0.80
to $0.95. The continued demand softening in the
Healthcare/Lifesciences market and certain subsectors of our
Industrial sector has created inefficiencies within our engineering
and manufacturing teams. In order to generate greater long-term
organizational efficiency and structurally reduce our fixed costs
and operating expenses, we are implementing a series of actions
that we believe will result in fiscal second quarter restructuring
charges of approximately $10 million, or $0.32 per share. We expect
to complete these actions by our fiscal third quarter, and believe
they will result in approximately $20 million of annualized cost
savings.”
Patrick Jermain, Chief Financial Officer,
commented, “We are guiding slightly higher cash cycle days for our
fiscal second quarter related to additional working capital
investments in support of new program ramps. With significant
management focus and attention on working capital optimization, we
expect improvement to our cash cycle as we progress through the
second half of fiscal 2024. We anticipate this improvement will
help deliver positive free cash flow to support future anticipated
growth and our recently announced $50 million share repurchase
program.”
Mr. Kelsey concluded, “We currently anticipate
the fiscal second quarter to represent a revenue trough, with
sequential expansion in revenue and operating margin during the
second half of fiscal 2024. We expect to deliver improved
profitability resulting from the restructuring actions, increased
manufacturing revenue and improved utilization of our engineering
team, and remain committed to delivering 5.5% GAAP operating margin
in fiscal 2025. In addition, by leveraging our differentiated
service offering, we expect Plexus will continue to drive share
gain from large and increasing addressable markets. As a result, we
remain confident in our ability to sustain industry-leading revenue
growth and returns over the long term.”
|
|
Quarterly
Comparison |
Three Months Ended |
(in thousands, except
EPS) |
Dec 30, 2023 |
|
Sep 30, 2023 |
|
Dec 31, 2022 |
Revenue |
$ |
982,607 |
|
|
$ |
1,023,947 |
|
|
$ |
1,093,925 |
|
Gross profit |
|
88,140 |
|
|
|
96,716 |
|
|
|
101,199 |
|
Operating income |
|
45,158 |
|
|
|
53,333 |
|
|
|
57,341 |
|
Net income |
|
29,215 |
|
|
|
40,261 |
|
|
|
42,190 |
|
Diluted EPS |
$ |
1.04 |
|
|
$ |
1.44 |
|
|
$ |
1.49 |
|
|
|
|
|
|
|
Gross margin |
|
9.0 |
% |
|
|
9.4 |
% |
|
|
9.3 |
% |
Operating margin |
|
4.6 |
% |
|
|
5.2 |
% |
|
|
5.2 |
% |
|
|
|
|
|
|
ROIC (1) |
|
10.3 |
% |
|
|
13.4 |
% |
|
|
13.8 |
% |
Economic return (1) |
|
2.1 |
% |
|
|
4.4 |
% |
|
|
4.8 |
% |
|
|
|
|
|
|
(1) Refer to Non-GAAP Supplemental Information in Tables 1 and 2
for non-GAAP financial measures discussed and/or disclosed in this
release, such as adjusted operating margin, adjusted net income,
adjusted diluted EPS, ROIC and economic return. |
|
Business Segment and Market Sector
Revenue
Plexus measures operational performance and
allocates resources on a geographic segment basis. Plexus also
reports revenue based on the market sector breakout set forth in
the table below, which reflects Plexus’ market sector focused
strategy. Top 10 customers comprised 48% of revenue during both the
first quarter of fiscal 2024 and the fourth quarter of fiscal 2023.
This is down 5 percentage points from the first quarter of fiscal
2023.
|
|
Business Segments ($
in millions) |
Three Months Ended |
|
Dec 30, 2023 |
|
Sep 30, 2023 |
|
Dec 31, 2022 |
Americas |
$ |
334 |
|
|
$ |
389 |
|
|
$ |
390 |
|
Asia-Pacific |
|
552 |
|
|
|
557 |
|
|
|
642 |
|
Europe, Middle East and
Africa |
|
122 |
|
|
|
108 |
|
|
|
89 |
|
Elimination of inter-segment
sales |
|
(25 |
) |
|
|
(30 |
) |
|
|
(27 |
) |
Total Revenue |
$ |
983 |
|
|
$ |
1,024 |
|
|
$ |
1,094 |
|
Market Sectors ($ in
millions) |
Three Months Ended |
|
Dec 30, 2023 |
|
Sep 30, 2023 |
|
Dec 31, 2022 |
Healthcare/Life Sciences |
$ |
381 |
39 |
% |
|
$ |
449 |
44 |
% |
|
$ |
488 |
45 |
% |
Industrial |
|
435 |
44 |
% |
|
|
417 |
41 |
% |
|
|
472 |
43 |
% |
Aerospace/Defense |
|
167 |
17 |
% |
|
|
158 |
15 |
% |
|
|
134 |
12 |
% |
Total Revenue |
$ |
983 |
|
|
$ |
1,024 |
|
|
$ |
1,094 |
|
|
Non-GAAP Supplemental
Information
Plexus provides non-GAAP supplemental
information, such as ROIC, economic return and free cash flow
because such measures are used for internal management goals and
decision-making, and because they provide management and investors
with additional insight into financial performance. In addition,
management uses these and other non-GAAP measures, such as adjusted
operating income, adjusted operating margin, adjusted net income
and adjusted diluted EPS, to provide a better understanding of core
performance for purposes of period-to-period comparisons. Plexus
believes that these measures are also useful to investors because
they provide further insight by eliminating the effect of
non-recurring items that are not reflective of continuing
operations. For additional information on non-GAAP measures, please
refer to the attached Non-GAAP Supplemental Information tables.
ROIC and Economic Return
ROIC for the first quarter of fiscal 2024 was
10.3%. Plexus defines ROIC as tax-effected annualized adjusted
operating income divided by average invested capital over a
two-quarter period for the first fiscal quarter. Invested capital
is defined as equity plus debt and operating lease obligations,
less cash and cash equivalents. Plexus' weighted average cost of
capital for fiscal 2024 is 8.2%. ROIC for the first quarter of
fiscal 2024 less Plexus’ weighted average cost of capital resulted
in an economic return of 2.1%.
Free Cash Flow
Plexus defines free cash flow as cash flows
provided by operations less capital expenditures. For the three
months ended December 30, 2023, cash flows used in operations
were $3.0 million and capital expenditures were $28.7 million,
which resulted in negative free cash flow of $31.7 million.
|
|
Cash Cycle
Days |
Three Months Ended |
|
Dec 30, 2023 |
|
Sep 30, 2023 |
|
Dec 31, 2022 |
Days in Accounts
Receivable |
61 |
|
59 |
|
61 |
Days in Contract
Assets |
12 |
|
13 |
|
10 |
Days in
Inventory |
161 |
|
154 |
|
151 |
Days in Accounts
Payable |
(66) |
|
(64) |
|
(69) |
Days in Advanced
Payments (1) |
(73) |
|
(75) |
|
(70) |
Annualized Cash Cycle (2) |
95 |
|
87 |
|
83 |
(1) |
Includes a reclassification in the presentation of advanced
payments from customers reflected in prior period amounts. As of
December 31, 2022, the impact of this reclassification was an
increase in the Company's days in advanced payments and a reduction
in annualized cash cycle by 23 days. |
(2) |
Plexus calculates cash cycle as the sum of days in accounts
receivable, days in contract assets and days in inventory, less
days in accounts payable and days in advanced payments. |
|
|
Conference Call and Webcast
Information
|
|
What: |
Plexus Fiscal 2024 Q1 Earnings
Conference Call and Webcast |
When: |
Thursday, January 25, 2024
at 8:30 a.m. Eastern Time |
Where: |
Participants are encouraged to join the live webcast at the
investor relations section of the Plexus website,
plexus.com. Participants can also join utilizing the links
below: |
|
Audio conferencing
link:https://register.vevent.com/register/BI5b4476caa76d41bfaaaf4fb0a35326ad |
|
Webcast link:https://edge.media-server.com/mmc/p/dznpgcq9 |
Replay: |
The webcast will be archived on the Plexus website and will be
available as on-demand for 12 months |
|
|
Investor and Media ContactShawn
Harrison+1.920.969.6325shawn.harrison@plexus.com
About PlexusSince 1979, Plexus
has been partnering with companies to create the products that
build a better world. We are a team of over 20,000 individuals who
are dedicated to providing Design and Development, Supply Chain
Solutions, New Product Introduction, Manufacturing and Sustaining
Services. Plexus is a global leader that specializes in serving
customers in industries with highly complex products and demanding
regulatory environments. Plexus delivers customer service
excellence to leading companies by providing innovative,
comprehensive solutions throughout a product’s lifecycle. For more
information about Plexus, visit our website at www.plexus.com.
Safe Harbor and Fair Disclosure
Statement The statements contained in this press release
that are guidance or which are not historical facts (such as
statements in the future tense and statements including believe,
expect, intend, plan, anticipate, goal, target and similar terms
and concepts), including all discussions of periods which are not
yet completed, are forward-looking statements that involve risks
and uncertainties. These risks and uncertainties include the effect
of inflationary pressures on our costs of production,
profitability, and on the economic outlook of our markets; the
effects of shortages and delays in obtaining components as a result
of economic cycles, natural disasters or otherwise; the risk of
customer delays, changes, cancellations or forecast inaccuracies in
both ongoing and new programs; the effects of our Xiamen, China
subsidiary being placed on the Bureau of Industry and Security's
Unverified List; the ability to realize anticipated savings from
restructuring or similar actions, as well as the adequacy of
related charges as compared to actual expenses; the lack of
visibility of future orders, particularly in view of changing
economic conditions; the economic performance of the industries,
sectors and customers we serve; the outcome of litigation and
regulatory investigations and proceedings, including the results of
any challenges with regard to such outcomes; the effects of
tariffs, trade disputes, trade agreements and other trade
protection measures; the effects of the volume of revenue from
certain sectors or programs on our margins in particular periods;
our ability to secure new customers, maintain our current customer
base and deliver product on a timely basis; the risks of
concentration of work for certain customers; the particular risks
relative to new or recent customers, programs or services, which
risks include customer and other delays, start-up costs, potential
inability to execute, the establishment of appropriate terms of
agreements, and the lack of a track record of order volume and
timing; the effects of start-up costs of new programs and
facilities or the costs associated with the closure or
consolidation of facilities; possible unexpected costs and
operating disruption in transitioning programs, including
transitions between Company facilities; the risk that new program
wins and/or customer demand may not result in the expected revenue
or profitability; the fact that customer orders may not lead to
long-term relationships; our ability to manage successfully and
execute a complex business model characterized by high product mix
and demanding quality, regulatory, and other requirements; the
risks associated with excess and obsolete inventory, including the
risk that inventory purchased on behalf of our customers may not be
consumed or otherwise paid for by the customer, resulting in an
inventory write-off; risks related to information technology
systems and data security; increasing regulatory and compliance
requirements; any tax law changes and related foreign jurisdiction
tax developments; current or potential future barriers to the
repatriation of funds that are currently held outside of the United
States as a result of actions taken by other countries or
otherwise; the potential effects of jurisdictional results on our
taxes, tax rates, and our ability to use deferred tax assets and
net operating losses; the weakness of areas of the global economy;
the effect of changes in the pricing and margins of products; raw
materials and component cost fluctuations; the potential effect of
fluctuations in the value of the currencies in which we transact
business; the effects of changes in economic conditions, political
conditions and tax matters in the United States and in the other
countries in which we do business; the potential effect of other
world or local events or other events outside our control (such as
the conflict between Russia and Ukraine, conflict in the Middle
East, escalating tensions between China and Taiwan or China and the
United States, changes in energy prices, terrorism, global health
epidemics and weather events); the impact of increased competition;
an inability to successfully manage human capital; changes in
financial accounting standards; and other risks detailed herein and
in our other Securities and Exchange Commission filings,
particularly in Risk Factors contained in our fiscal 2023 Form
10-K.
|
PLEXUS CORP. AND SUBSIDIARIES |
CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS |
(in thousands, except per share data) |
(unaudited) |
|
|
|
Three Months Ended |
|
Dec 30, |
|
Dec 31, |
|
|
2023 |
|
|
|
2022 |
|
Net sales |
$ |
982,607 |
|
|
$ |
1,093,925 |
|
Cost of sales |
|
894,467 |
|
|
|
992,726 |
|
Gross profit |
|
88,140 |
|
|
|
101,199 |
|
Operating expenses: |
|
|
|
Selling and administrative expenses |
|
42,982 |
|
|
|
43,858 |
|
Operating income |
|
45,158 |
|
|
|
57,341 |
|
Other income (expense): |
|
|
|
Interest expense |
|
(7,617 |
) |
|
|
(6,894 |
) |
Interest income |
|
808 |
|
|
|
934 |
|
Miscellaneous, net |
|
(3,502 |
) |
|
|
(1,944 |
) |
Income before income taxes |
|
34,847 |
|
|
|
49,437 |
|
Income tax expense |
|
5,632 |
|
|
|
7,247 |
|
Net income |
$ |
29,215 |
|
|
$ |
42,190 |
|
Earnings per share: |
|
|
|
Basic |
$ |
1.06 |
|
|
$ |
1.53 |
|
Diluted |
$ |
1.04 |
|
|
$ |
1.49 |
|
Weighted average shares
outstanding: |
|
|
|
Basic |
|
27,485 |
|
|
|
27,639 |
|
Diluted |
|
28,013 |
|
|
|
28,305 |
|
|
|
PLEXUS CORP. AND SUBSIDIARIES |
CONDENSED CONSOLIDATED BALANCE SHEETS |
(in thousands, except per share data) |
(unaudited) |
|
Dec 30, |
|
Sep 30, |
|
|
2023 |
|
|
|
2023 |
|
ASSETS |
|
|
|
Current assets: |
|
|
|
Cash and cash equivalents |
$ |
231,982 |
|
|
$ |
256,233 |
|
Restricted cash |
|
430 |
|
|
|
421 |
|
Accounts receivable |
|
656,207 |
|
|
|
661,542 |
|
Contract assets |
|
131,640 |
|
|
|
142,297 |
|
Inventories |
|
1,575,094 |
|
|
|
1,562,037 |
|
Prepaid expenses and other |
|
54,879 |
|
|
|
49,693 |
|
Total current assets |
|
2,650,232 |
|
|
|
2,672,223 |
|
Property, plant and equipment,
net |
|
498,979 |
|
|
|
492,036 |
|
Operating lease right-of-use
assets |
|
67,420 |
|
|
|
69,363 |
|
Deferred income taxes |
|
62,721 |
|
|
|
62,590 |
|
Other assets |
|
25,261 |
|
|
|
24,960 |
|
Total non-current assets |
|
654,381 |
|
|
|
648,949 |
|
Total assets |
$ |
3,304,613 |
|
|
$ |
3,321,172 |
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS’ EQUITY |
|
|
|
Current liabilities: |
|
|
|
Current portion of long-term debt and finance lease
obligations |
$ |
251,119 |
|
|
$ |
240,205 |
|
Accounts payable |
|
647,386 |
|
|
|
646,610 |
|
Advanced payments from customers |
|
709,709 |
|
|
|
760,351 |
|
Accrued salaries and wages |
|
74,828 |
|
|
|
94,099 |
|
Other accrued liabilities |
|
60,520 |
|
|
|
71,402 |
|
Total current liabilities |
|
1,743,562 |
|
|
|
1,812,667 |
|
Long-term debt and finance
lease obligations, net of current portion |
|
192,118 |
|
|
|
190,853 |
|
Accrued income taxes payable |
|
31,382 |
|
|
|
31,382 |
|
Long-term operating lease liabilities |
|
35,989 |
|
|
|
38,552 |
|
Deferred income taxes |
|
4,410 |
|
|
|
4,350 |
|
Other liabilities |
|
30,397 |
|
|
|
28,986 |
|
Total non-current liabilities |
|
294,296 |
|
|
|
294,123 |
|
Total liabilities |
|
2,037,858 |
|
|
|
2,106,790 |
|
Shareholders’ equity: |
|
|
|
Common stock |
|
543 |
|
|
|
543 |
|
Additional paid-in-capital |
|
663,542 |
|
|
|
661,270 |
|
Common stock held in treasury |
|
(1,134,429 |
) |
|
|
(1,134,429 |
) |
Retained earnings |
|
1,740,543 |
|
|
|
1,711,328 |
|
Accumulated other comprehensive loss |
|
(3,444 |
) |
|
|
(24,330 |
) |
Total shareholders’ equity |
|
1,266,755 |
|
|
|
1,214,382 |
|
Total liabilities and shareholders’ equity |
$ |
3,304,613 |
|
|
$ |
3,321,172 |
|
|
|
|
|
|
PLEXUS CORP. AND SUBSIDIARIES |
NON-GAAP SUPPLEMENTAL INFORMATION Table 1
(1) |
(in thousands, except per share data) |
(unaudited) |
|
|
|
|
|
|
|
Three Months Ended |
|
Dec 30, |
|
Sep 30, |
|
Dec 31, |
|
|
2023 |
|
|
|
2023 |
|
|
|
2022 |
|
Operating income,
as reported |
$ |
45,158 |
|
|
$ |
53,333 |
|
|
$ |
57,341 |
|
Operating margin,
as reported |
|
4.6 |
% |
|
|
5.2 |
% |
|
|
5.2 |
% |
|
|
|
|
|
|
Net income, as
reported |
$ |
29,215 |
|
|
$ |
40,261 |
|
|
$ |
42,190 |
|
|
|
|
|
|
|
Diluted earnings
per share, as reported |
$ |
1.04 |
|
|
$ |
1.44 |
|
|
$ |
1.49 |
|
|
|
|
|
|
|
(1) There were no non-GAAP adjustments for all periods
presented. |
|
|
PLEXUS CORP. AND SUBSIDIARIES |
NON-GAAP SUPPLEMENTAL INFORMATION Table 2 |
(in thousands) |
(unaudited) |
|
|
|
|
|
|
ROIC and Economic
Return Calculations |
Three Months Ended |
|
Twelve Months Ended |
|
Three Months Ended |
|
Dec 30, |
|
Sep 30, |
|
Dec 31, |
|
2023 |
|
2023 |
|
2022 |
Operating income, as reported |
|
$ |
45,158 |
|
|
|
$ |
195,820 |
|
|
|
$ |
57,341 |
|
Restructuring and other charges |
+ |
|
— |
|
|
+ |
|
23,094 |
|
|
+ |
|
— |
|
Adjusted operating income |
|
$ |
45,158 |
|
|
|
$ |
218,914 |
|
|
|
$ |
57,341 |
|
|
x |
|
4 |
|
|
|
|
|
x |
|
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted annualized operating
income |
|
$ |
180,632 |
|
|
|
$ |
218.914 |
|
|
|
$ |
229,364 |
|
Adjusted effective tax
rate |
x |
|
16 |
% |
|
x |
|
13 |
% |
|
x |
|
16 |
% |
Tax impact |
|
|
28,901 |
|
|
|
|
28,459 |
|
|
|
|
36,698 |
|
Adjusted operating income
(tax-effected) |
|
$ |
151,731 |
|
|
|
$ |
190,455 |
|
|
|
$ |
192,666 |
|
|
|
|
|
|
|
|
|
|
Average invested capital |
÷ |
$ |
1,479,647 |
|
|
÷ |
$ |
1,425,626 |
|
|
÷ |
$ |
1,392,002 |
|
ROIC |
|
|
10.3 |
% |
|
|
|
13.4 |
% |
|
|
|
13.8 |
% |
Weighted average cost of
capital |
- |
|
8.2 |
% |
|
- |
|
9.0 |
% |
|
- |
|
9.0 |
% |
Economic return |
|
|
2.1 |
% |
|
|
|
4.4 |
% |
|
|
|
4.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Invested
Capital Calculations |
Dec 30, |
|
Sep 30, |
|
Jul 1, |
|
Apr 1, |
|
Dec 31, |
|
Oct 1, |
|
|
2023 |
|
|
|
2023 |
|
|
|
2023 |
|
|
|
2023 |
|
|
|
2022 |
|
|
|
2022 |
|
Equity |
$ |
1,266,755 |
|
|
$ |
1,214,382 |
|
|
$ |
1,184,362 |
|
|
$ |
1,182,382 |
|
|
$ |
1,150,259 |
|
|
$ |
1,095,731 |
|
Plus: |
|
|
|
|
|
|
|
|
|
|
|
Debt and finance lease obligations - current |
|
251,119 |
|
|
|
240,205 |
|
|
|
304,781 |
|
|
|
294,011 |
|
|
|
329,076 |
|
|
|
273,971 |
|
Operating lease obligations - current (1) |
|
9,172 |
|
|
|
8,363 |
|
|
|
8,772 |
|
|
|
8,358 |
|
|
|
8,878 |
|
|
|
7,948 |
|
Debt and finance lease obligations - long-term |
|
192,118 |
|
|
|
190,853 |
|
|
|
187,468 |
|
|
|
188,730 |
|
|
|
187,272 |
|
|
|
187,776 |
|
Operating lease obligations - long-term |
|
35,989 |
|
|
|
38,552 |
|
|
|
40,515 |
|
|
|
31,257 |
|
|
|
32,149 |
|
|
|
33,628 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
(231,982 |
) |
|
|
(256,233 |
) |
|
|
(252,965 |
) |
|
|
(269,664 |
) |
|
|
(247,880 |
) |
|
|
(274,805 |
) |
|
$ |
1,523,171 |
|
|
$ |
1,436,122 |
|
|
$ |
1,472,933 |
|
|
$ |
1,435,074 |
|
|
$ |
1,459,754 |
|
|
$ |
1,324,249 |
|
|
(1) Included in other accrued liabilities on the Condensed
Consolidated Balance Sheets. |
|
Grafico Azioni Plexus (NASDAQ:PLXS)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Plexus (NASDAQ:PLXS)
Storico
Da Giu 2023 a Giu 2024