Plexus Corp. announced robust financial results for its fiscal fourth quarter and full fiscal year ended September 28, 2024. The company reported fiscal fourth quarter revenue of $1.05 billion, surpassing its guidance range. Non-GAAP operating margin reached 6.2%, exceeding the 5.6% to 6.0% guidance range and meeting the company's long-term goal.
Non-GAAP diluted earnings per share (EPS) for the quarter stood at $1.85, also exceeding guidance. Plexus generated a record $194 million in free cash flow during the fourth quarter, contributing to a record $341 million in free cash flow for the full fiscal year 2024, which is more than double its previous record performance.
For the upcoming fiscal first quarter 2025, Plexus provided guidance anticipating revenue between $960 million and $1.00 billion, non-GAAP operating margin of 5.7% to 6.1%, and non-GAAP EPS in the range of $1.52 to $1.67. The company expects meaningful fiscal 2025 EPS growth driven by strong Aerospace/Defense demand and modest growth in Healthcare/Life Sciences and Industrial sectors from new program ramps and market share gains.
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