PLEXUS CORP

Listed Company

PLXSCIK 0000785786NasdaqLarge AcceleratedPrinted Circuit BoardsWisconsinFY ends Oct 3

Period

FY 2025

Revenue

—

Net Income

$172.88M

Total Assets

$3.14B

Equity

$1.45B

Shares Out

26.79M

Op. Cash Flow

$249.23M

Business

PLEXUS CORP provides engineering, manufacturing and sustaining services to design, produce and support highly complex, regulated products across their lifecycles. It offers design and development, supply chain solutions, new product introduction, manufacturing, repair/refurbishment and aftermarket services delivered on turnkey or consignment bases. Its business is organized around three targeted market sectors—Aerospace/Defense, Healthcare/Life Sciences and Industrial—with market sector leadership overseeing customer development, supply chain, engineering, manufacturing and sustaining services. Plexus serves global customers through 26 facilities across the Americas, Asia‑Pacific and EMEA, supporting worldwide supply chains.

Summary from filing dated 2025-11-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	4,033	3,961	4,210	3,811	3,369
Cost of sales	3,626	3,582	3,816	3,464	3,046
Gross profit	407	379	395	347	323
Selling and administrative expenses	199	191	176	167	144
Restructuring and other charges, net	5	20	23	2	3
Operating income	202	168	196	178	176
Interest expense	−12	−29	−32	−16	−14
Interest income	4	4	3	1	1
Miscellaneous, net	−7	−13	−6	−5	−3
Income before income taxes	188	130	161	158	160
Income tax expense	15	18	22	20	21
Net income	173	112	139	138	139
Basic (in dollars per share)	6.39	4.08	5.04	4.96	4.86
Diluted (in dollars per share)	6.26	4.01	4.95	4.86	4.76
Basic (in shares)	27	27	28	28	29
Diluted (in shares)	28	28	28	28	29
Derivative instrument and other fair value adjustments	−1	16	1	−5	−1
Foreign currency translation adjustments	9	19	11	−28	3
Other comprehensive income	7	35	12	−33	2
Total comprehensive income	180	147	151	105	141

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	306	345	256	275	270
Restricted cash	294,000	2	421,000	665,000	341,000
Accounts receivable, net of allowances of $2,381 and $3,189, respectively	657	622	662	738	520
Contract assets	151	121	142	139	115
Inventories	1,230	1,311	1,562	1,603	972
Prepaid expenses and other	55	75	50	62	53
Total current assets	2,399	2,477	2,672	2,816	1,931
Property, plant and equipment, net	546	501	492	445	395
Operating lease right-of-use assets	73	74	69	65	72
Deferred income taxes	91	74	63	39	27
Other assets	28	27	25	28	36
Total non-current assets	738	677	649	577	531
Total assets	3,137	3,154	3,321	3,393	2,462
Current portion of long-term debt and finance lease obligations	46	157	240	274	66
Accounts payable	727	606	647	806	635
Advanced payments from customers	576	709	760	779	—
Accrued salaries and wages	109	94	94	89	75
Other accrued liabilities	61	76	71	58	147
Total current liabilities	1,519	1,643	1,813	2,006	1,129
Long-term debt and finance lease obligations, net of current portion	92	90	191	188	187
Accrued income taxes payable	0	17	31	42	48
Long-term operating lease liabilities	29	32	39	34	38
Deferred income taxes	6	8	4	6	6
Other liabilities	36	38	29	22	26
Total non-current liabilities	164	186	294	291	305
Total liabilities	1,683	1,829	2,107	2,297	1,434
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value, 5,000 shares authorized, none issued or outstanding	0	0	0	0	0
Common stock, $0.01 par value, 200,000 shares authorized, 54,670 and 54,489 shares issued, respectively, and 26,828 and 27,122 shares outstanding, respectively	547,000	545,000	543,000	541,000	538,000
Additional paid-in capital	696	681	661	652	640
Common stock held in treasury, at cost, 27,842 and 27,367 shares, respectively	−1,255	−1,190	−1,134	−1,093	−1,043
Retained earnings	1,996	1,823	1,711	1,572	1,434
Accumulated other comprehensive income	18	11	−24	−36	−3
Total shareholders equity	1,455	1,325	1,214	1,096	1,028
Total liabilities and shareholders equity	3,137	3,154	3,321	3,393	2,462

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	78	78	70	63	61
Share-based compensation expense and related charges	30	30	21	23	25
Asset impairment charges	0	5	0	0	0
Deferred income tax benefit	−16	−7	−22	−11	−3
Other, net	−7	−6	−579,000	972,000	2
Accounts receivable	−31	45	82	−230	−33
Contract assets	−30	22	−3	−23	−1
Inventories	85	262	49	−653	−207
Other current and non-current assets	13	−14	9	−1	−26
Accrued income taxes payable	−15	−18	−6	−713,000	−9
Accounts payable	99	−31	−171	176	112
Advanced payments from customers	−135	−56	−22	480	90
Other current and non-current liabilities	4	15	21	12	−4
Cash flows provided by operating activities	249	437	166	−26	143
Payments for property, plant and equipment	−95	−95	−104	−102	−57
Proceeds from insurance	0	0	11	0	0
Other, net	−347,000	235,000	−45,000	51,000	126,000
Cash flows used in investing activities	−96	−95	−93	−102	−57
Borrowings under debt agreements	477	551	749	758	377
Payments on debt and finance lease obligations	−593	−739	−788	−557	−466
Repurchases of common stock	−65	−56	−41	−50	−108
Proceeds from exercise of stock options	0	210,000	8,000	480,000	4
Payments related to tax withholding for share-based compensation	−15	−11	−13	−11	−10
Cash flows used in financing activities	−196	−256	−93	139	−204
Effect of exchange rate changes on cash and cash equivalents	2	5	1	−7	900,000
Net (decrease) increase in cash and cash equivalents and restricted cash	−41	91	−19	5	−117
Interest paid	12	30	33	15	14
Income taxes paid	45	46	44	17	40

Filings

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