PLEXUS CORP (PLXS) FY2025 10-K Annual Report
PLEXUS CORP (PLXS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 14, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
PLEXUS CORP FY2025 10-K Analysis
Business Overview
- • Core business model: Design, manufacture, service complex products in regulated markets for Aerospace/Defense, Healthcare/Life Sciences, Industrial sectors
- • Emphasis on delivering solutions with zero defects and perfect delivery through operational excellence
- • Strategic focus on high growth markets with demanding regulatory environments and commitment to disciplined financial model targeting 9-12% revenue CAGR
- • Workforce expanded to over 20,000 employees across 26 global facilities in AMER, APAC, and EMEA regions
- • Fiscal 2025 WACC recalculated at 8.9%, aiming for 15% ROIC to drive positive economic return and shareholder value
Management Discussion & Analysis
- • Revenue and profitability details not disclosed in overview section
- • No segment performance or margin percentage provided in this excerpt
- • No cash flow, capital allocation, or specific dollar amounts mentioned
- • No management outlook or forward-looking guidance detailed in overview
Risk Factors
- • Regulatory tax risk: Expiration of APAC tax holiday on December 31, 2034, provides $43.1M tax reduction in fiscal 2025, subject to certain conditions
- • Macroeconomic risk: 85% of $306.8M cash held outside U.S., exposing liquidity to foreign market and currency fluctuations
- • Operational vulnerability: 18.2% net sales decline in EMEA segment due to decreased customer demand and $21.0M customer disengagements
- • Competitive risk: $54.1M net sales reduction in AMER from customer disengagements and program discontinuation, impacting defense and industrial sectors
- • Financial risk: $50M 4.22% Senior Notes due 2028 with covenants; credit facility max commitment $500M (extendable to $750M); $128M max daily borrowing in fiscal 2025
PLEXUS CORP FY2025 Key Financial MetricsXBRL
Revenue
$4.0B
▼ -1.1% YoY
Net Income
$173M
▲ +54.6% YoY
Gross Margin
10.1%
▲ +80bp YoY
Operating Margin
5.0%
▲ +90bp YoY
Net Margin
4.3%
▲ +154bp YoY
ROE
11.9%
▲ +345bp YoY
Total Assets
$3.1B
▼ -0.5% YoY
EPS (Diluted)
$6.26
▲ +56.1% YoY
Operating Cash Flow
$249M
▼ -42.9% YoY
Source: XBRL data from PLEXUS CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.
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