PLXS · Quarterly Report (Form 10-Q) · Filed May 2, 2025

Plexus Corp — 10-Q exhibit

plxsf2510-qq2exhibit991.htm

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										Exhibit 99.1
Return on Invested Capital ("ROIC") and Economic Return Calculations GAAP to non-GAAP reconciliation (dollars in thousands):

	Six Months Ended				Three Months Ended				Six Months Ended
	Mar 29,				Dec 28,				Mar 30,
	2025				2024				2024
Operating income, as reported		$	95,651			$	46,860			$	74,628
Restructuring and other charges	+	4,683			+	4,683			+	11,038
Adjusted operating income		100,334				51,543				85,666
	x	2			x	4			x	2

Adjusted annualized operating income		200,668				206,172				171,332
Adjusted effective tax rate	x	13		%	x	15		%	x	15		%
Tax impact		26,087				30,926				25,700
Adjusted operating income (tax-effected)		$	174,581			$	175,246			$	145,632

Average invested capital		$	1,276,742			$	1,268,309			$	1,478,062

ROIC		13.7		%		13.8		%		9.9		%
WACC		8.9		%		8.9		%		8.2		%
Economic Return		4.8		%		4.9		%		1.7		%



	March 29,		December 28,		September 28,		June 29,		March 30,		December 30,		September 30,
	2025		2024		2024		2024		2024		2023		2023
Equity	$	1,351,675	$	1,319,069	$	1,324,825	$	1,266,360	$	1,259,762	$	1,266,755	$	1,214,382
Plus:
Debt and finance lease obligations - current	121,014		121,977		157,325		258,175		245,964		251,119		240,205
Operating lease obligations - current (1)	9,968		14,875		14,697		7,990		8,281		9,172		8,363
Debt and finance lease obligations - long-term	88,761		88,728		89,993		90,715		192,025		192,118		190,853
Operating lease obligations - long-term	32,720		35,124		32,275		31,923		33,915		35,989		38,552
Less:
Cash and cash equivalents	(310,531)		(317,161)		(345,109)		(269,868)		(265,053)		(231,982)		(256,233)
	$	1,293,607	$	1,262,612	$	1,274,006	$	1,385,295	$	1,474,894	$	1,523,171	$	1,436,122

(1)

Included in other accrued liabilities on the Condensed Consolidated Balance Sheets.

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