EXHIBIT 99.1
October 22, 2014

Plexus Reports Record Fiscal 2014 Revenue of $2.4 Billion

Record fiscal fourth quarter revenue of $666 million
Diluted EPS of $0.77, including $0.11 per share of stock-based compensation expense and $0.01 per share of restructuring charges
Initiates Q1 fiscal 2015 revenue guidance of $630 - $660 million

NEENAH, WI – October 22, 2014 - Plexus (NASDAQ: PLXS) today announced financial results for its fiscal fourth quarter ended September 27, 2014.

 
Three Months Ended
 
Twelve Months Ended
 
September 27,
2014
 
June 28,
2014
 
September 28,
2013
 
September 27,
2014
 
September 28,
2013
 
Q4 F14
 
Q3 F14
 
Q4 F13
 
F14
 
F13
(US$ in thousands, except EPS)
 
 
 
 
 
 
 
 
 
 
Revenue

$666,223

 

$620,505

 
$567,730
 
 

$2,378,249

 

$2,228,031

Gross profit

$62,639

 

$58,593

 
$54,529
 
 

$225,569

 

$213,185

Operating profit

$31,648

 

$28,198

 
$26,767
 
 

$100,607

 

$96,623

Net income

$26,450

 

$24,584

 
$24,464
 
 

$87,213

 

$82,259

EPS (diluted)

$0.77

 

$0.71

 
$0.71
 
 

$2.52

 

$2.36

Gross margin
9.4
%
 
9.4
%
 
9.6
%
 
9.5
%
 
9.6
%
Operating margin
4.8
%
 
4.5
%
 
4.7
%
 
4.2
%
 
4.3
%
Return on invested capital (“ROIC”)
15.2
%
 
14.6
%
 
14.0
%
 
15.2
%
 
14.0
%

Fiscal 2014 Results
Revenue: $2.4 billion, up 6.7% from prior year
Diluted EPS: $2.52, including $0.37 per share of stock-based compensation expense, $0.32 per share of restructuring and impairment charges, and a benefit of $0.11 per share related to discrete tax items
ROIC: 15.2%

Q4 Fiscal 2014 Results
Revenue: $666 million, relative to our guidance of $645 to $675 million
Diluted EPS: $0.77, including $0.11 per share of stock-based compensation expense and $0.01 per share of restructuring charges
ROIC: 15.2%

Q1 Fiscal 2015 Guidance    
Revenue: $630 to $660 million
Diluted EPS: $0.68 to $0.74, including $0.11 per share of stock-based compensation expense but excluding any special items



The following information was filed by Plexus Corp (PLXS) on Thursday, October 23, 2014 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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