Exhibit 99.1

LOGO

FOR IMMEDIATE RELEASE

PLEXUS REPORTS RECORD $2.2B REVENUE WITH 11% GROWTH FOR FISCAL 2011

Plexus Reports Fiscal Fourth Quarter Revenue of $538 Million, EPS of $0.52

Initiates Q1 Fiscal 2012 Revenue Guidance of $510—$540 Million

NEENAH, WI, October 26, 2011—Plexus Corp. (NASDAQ: PLXS) today announced:

 

     Three Months Ended  
(US$ in thousands, except EPS)    October 1, 2011
Q4 F11
    July 2, 2011
Q3 F11
    October 2, 2010
Q4 F10
 

Revenue

   $ 538,130      $ 559,183      $ 555,632   

Gross profit

   $ 50,288      $ 54,074      $ 56,362   

Operating profit

   $ 22,035      $ 24,885      $ 29,010   

Net income

   $ 18,323      $ 22,040      $ 26,607   

Earnings per share

   $ 0.52      $ 0.58      $ 0.65   

Gross margin

     9.3     9.7     10.1

Operating margin

     4.1     4.5     5.2

Return on invested capital

     15.6     16.2     19.5

Fiscal 2011 Results:

 

   

Revenue: $2.23 billion, up 10.8% over prior year

 

   

Diluted EPS: $2.30 including $0.28 per share of stock-based compensation expense

 

   

Return on invested capital (ROIC): 15.6%

Q4 Fiscal 2011 Results (quarter ended October 1, 2011):

 

   

Revenue: $538 million, relative to guidance of $530 to $560 million

 

   

Diluted EPS: $0.52, including $0.08 per share of stock-based compensation expense, relative to guidance of $0.50 to $0.55

Q1 Fiscal 2012 Guidance:

 

   

Revenue: $510 to $540 million

 

   

Diluted EPS: $0.44 to $0.49, excluding any restructuring charges and including approximately $0.07 per share of stock-based compensation expense

Dean Foate, President and CEO, commented, “Fiscal 2011 was a good year for Plexus. Revenues grew 10.8% to a record $2.2 billion and we delivered return on invested capital of 15.6%, 210 basis points above our weighted average cost of capital. We believe the combination of revenue growth and return on invested capital above our weighted average cost of capital is fundamental to delivering long-term shareholder value. While both revenue growth and return on invested capital were below our enduring goals, I believe we performed well given the exceptional end-market volatility and dampened customer


The following information was filed by Plexus Corp (PLXS) on Wednesday, October 26, 2011 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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