Plexus Corp (PLXS) SEC Filing 10-K Annual report for the fiscal year ending Saturday, September 29, 2012

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Plexus Corp
Ticker: PLXS CIK: 785786

Exhibit 99.1

FOR IMMEDIATE RELEASE

PLEXUS REPORTS RECORD FISCAL 2012 REVENUE OF $2.3 BILLION

ANNOUNCES $50 MILLION SHARE REPURCHASE APPROVAL

Plexus Reports Fiscal Fourth Quarter Revenue of $595 Million

Initiates Q1 Fiscal 2013 Revenue Guidance of $550 - $580 Million

Establishes $23 Million Valuation Allowance for Deferred Tax Assets

NEENAH, WI, October 24, 2012 — Plexus Corp. (NASDAQ: PLXS) today announced:




	Three Months Ended
(US$ in thousands, except EPS)	September 29, 2012 Q4 F12			June 30, 2012 Q3 F12			October 1, 2011 Q4 F11
Revenue	$	594,789		$	608,819		$	538,130
Gross profit	$	56,244		$	57,393		$	50,288
Operating profit	$	27,349		$	27,280		$	22,035
Net income	$	728		$	23,533		$	18,323
Earnings per share	$	0.02		$	0.66		$	0.52
Net income, before special charge	$	23,513		$	23,533		$	18,323
Earnings per share, before special charge	$	0.66		$	0.66		$	0.52

Gross margin	9.5		%	9.4		%	9.3		%
Operating margin	4.6		%	4.5		%	4.1		%
Return on invested capital	15.5		%	15.0		%	15.6		%

Fiscal 2012 Results:


•	Revenue $2.31 billion, up 3.4% over prior year


•	Diluted EPS: $1.75, including $0.33 per share of stock-based compensation expense and $0.64 for special, non-cash charge related to the valuation allowance for deferred tax assets


•	Diluted EPS, excluding special charge: $2.39


•	Return on invested capital (ROIC): 15.5%

Q4 Fiscal 2012 Results (quarter ended September 29, 2012):


•	Revenue: $595 million, relative to our guidance of $590 to $620 million


•	Diluted EPS: $0.02, including $0.08 per share of stock-based compensation expense and $0.64 for special, non-cash charge related to the valuation allowance for deferred tax assets


•	Diluted EPS, excluding the special charge: $0.66, relative to our guidance of $0.60 to $0.66

The following information was filed by Plexus Corp (PLXS) on Wednesday, October 24, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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