Last Price$67.30Cboe Real-Time Last Sale as of 3:37PM ET 6/03/20
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Today's Change+1.72(2.62%)
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Plexus To Miss Fiscal Q2 Revenue Outlook

6:56AM ET 3/24/2020 MT Newswires
Plexus (PLXS) said late Monday that it expects to miss its previously announced fiscal Q2 revenue outlook of $790 million to $830 million due to the impacts of the COVID-19 pandemic on its operations.

According to the company, its operations in Malaysia, Scotland, Romania and Illinois are all affected by the pandemic in varying degrees due to restricted business operations and movement of citizens. Authorities in Wisconsin are also expected to issue restrictions today limiting non-essential business, potentially affecting Plexus' manufacturing activities in the state.

"At this time, all of our operations are operating at close-to-normal levels with the exception of our Penang, Malaysia facilities, which are operating at roughly 40% of normal workforce levels," Plexus President and CEO Todd Kelsey said.

Price: 45.78, Change: +2.78, Percent Change: +6.47