Plexus Corp. (PLXS) Announces First Quarter Fiscal and EPS Results
Plexus (PLXS) announced that its first quarter 2008 fiscal results ending December 29, 2007 were at $458M with diluted GAAP EPS of $0.58, including $0.04 per share of stock-based compensation expense. Return on investment capital (ROIC) for the first quarter was 25.9%, which was influenced positively by a favorable mix of programs in the quarter. The company defines quarterly ROIC as tax-effected operating income, including restructuring costs, divided by average capital employed over a rolling two quarter period. Cash flow provided by operations was approximately $16.6M for the quarter. The top 10 customers comprised 63% of revenue during the quarter,…