PLXS FY 2008 Earnings Report — Plexus Corp. Revenue & Financial Results | Market Cap Arena

Plexus Corp.PLXS

FY 2008 Earnings

Reported November 18, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.5B	—	19.1%
Op. Income	$105M	—	$81M	—	29.1%
Gross Margin	11.2%	—	10.6%	—	0.6pp
Net Margin	4.6%	—	4.3%	—	0.3pp
EPS (Diluted)	$1.92	—	$1.41	—	36.2%
Free Cash Flow	$10M	—	-$9M	—	205.7%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$206M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$101M
Other Expenses	$0
Operating Expenses	$101M
Cost & Expenses	$1.7B
OPERATING INCOME	$105M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$103M
Income Tax Expense	$18M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$29M
EBIT	$105M
EBITDA	$134M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$206M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$101M
Other Expenses	$0
Operating Expenses	$101M
Cost & Expenses	$1.7B
OPERATING INCOME	$105M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$103M
Income Tax Expense	$18M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$29M
EBIT	$105M
EBITDA	$134M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$84M
Depreciation & Amortization	$29M
Stock-Based Compensation	$0
Deferred Income Tax	$562.0K
Other Non-Cash Items	$10M
Change in Working Capital	-$60M
OPERATING CASH FLOW	$64M
Capital Expenditure	-$54M
Acquisitions (Net)	$0
Purchases of Investments	-$53M
Sales/Maturities of Investments	$106M
Other Investing Activities	$239.0K
NET CASH FROM INVESTING	-$1M
Net Debt Issuance	$143M
Common Stock Repurchased	-$200M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$50M
FREE CASH FLOW	$10M
Net Change in Cash	$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$166M
Short-Term Investments	$0
Net Receivables	$253M
Inventory	$340M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$787M
PP&E (Net)	$179M
Goodwill	$7M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$3M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$205M
TOTAL ASSETS	$992M
Account Payables	$232M
Short-Term Debt	$17M
Deferred Revenue	$0
Other Current Liabilities	$27M
TOTAL CURRENT LIABILITIES	$348M
Long-Term Debt	$155M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$170M
TOTAL LIABILITIES	$518M
Common Stock	$468.0K
Additional Paid-In Capital	$353M
Retained Earnings	$310M
Treasury Stock	-$200M
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$474M
Minority Interest	$0
TOTAL EQUITY	$474M
TOTAL LIABILITIES & EQUITY	$992M
Total Debt	$171M
Net Debt	$5M