Plexus (PLXS) Beats Q1 Earnings Estimates, Revenues Up Y/Y
Zacks Investment Research | Jan 16, 2019 09:41PM ET
Plexus (NASDAQ:PLXS) reported first-quarter fiscal 2019 adjusted earnings of 91 cents per share, which beat the Zacks Consensus Estimate by a penny. The figure rose 21.3% year over year.
Revenues of $766 million missed the consensus mark of $769 million but increased 13.1% on a year-over-year basis. Strong performance of Healthcare/Life Sciences segment among all the end-markets drove top-line growth.
Segment Details
Healthcare/Life Sciences revenues (39.3% of revenues) were up nearly 27% from the year-ago quarter to $301 million.
Industrial/Commercial revenues (28.6% of revenues) were up 5.8% year over year to $219 million.
Defense/Security/Aerospace segment revenues (16.1%) grew 23% on a year-over-year basis to $123 million.
Revenues from the Communications sector (16.1%) declined 7.5% year over year to $123 million.
Region-wise, revenues from the Americas (AMER) increased 18.4% from the year-ago quarter to $354 million. Revenues from the Asia Pacific region (APAC) rose 9.2% to $378 million. Revenues from Europe, the Middle East and Africa (EMEA) totaled $73 million, up 14.1% year over year.
Plexus Corp. Price, Consensus and EPS Surprise
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