Plexus Announces Revised Capital Allocation Plan and Employee Bonus
Plexus Corp. (PLXS)
Last plexus corp. earnings: 4/22 04:15 pm
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US:NASDAQ Investor Relations:
plexus.gcs-web.com/investor-overview
Company Research
Source: GlobeNewswire
NEENAH, Wis., Feb. 20, 2018 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ:PLXS) today announced that recent U.S. tax reform will enable it to tax-efficiently repatriate approximately $500 million of offshore cash into the United States. As a result, Plexus has established a revised capital allocation plan that is intended to fund growth investments, reduce debt, reward our employees and enhance shareholder value. A summary of the capital allocation plan is summarized below: Plexus expects to pay down its existing debt balance held under its revolving credit facility. Eliminating the current debt balance will provide Plexus the full capacity of the revolving credit facility to support future growth investments.Plexus has $175 million of senior notes that mature in June 2018. To further reduce debt, Plexus intends to refinance up to $150 million of the senior notes in an effort to lower interest expense while maintaining leverage on the balance sheet. In June 2016, Plexus announced a
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PLXS
News
- Plexus Corp. (NASDAQ: PLXS) had its price target raised by analysts at Stifel Nicolaus from $90.00 to $95.00. They now have a "hold" rating on the stock.MarketBeat
- Plexus Corp. (NASDAQ: PLXS) had its price target raised by analysts at Needham & Company LLC from $107.00 to $114.00. They now have a "buy" rating on the stock.MarketBeat
- Plexus (PLXS) Q2 Earnings & Revenues Beat Estimates, Fall Y/Y [Yahoo! Finance]Yahoo! Finance
- De-Stocking from Customers Impacted Plexus (PLXS) [Yahoo! Finance]Yahoo! Finance
- Plexus (PLXS) Q2 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
PLXS
Earnings
- 4/24/24 - Beat
PLXS
Sec Filings
- 4/24/24 - Form 8-K
- 4/3/24 - Form 4
- 3/4/24 - Form 4
- PLXS's page on the SEC website