Plexus Corp. (NASDAQ:PLXS) Q2 2024 Earnings Call Transcript

Anja Soderstrom: Okay. Thank you. Actually, I have one follow-up, too. Just in general, with your customer sentiment, given the economic uncertainties. However, you are in the outsourcing industry. So how do you see them? Are they more cautious? Or are they more turning to outsourcing? Or just in general, what are you seeing among the customers when you speak to them?

Oliver Mihm: Yes. I think in general, there is a continued movement towards more and more outsourcing. And I think, as the economy ebbs-and-flows as the — when the economy is worse, you generally see an increase in outsourcing. So it is a bit inversely proportional. Right now, we are seeing good interest in outsourcing, as the way I put it and it continues to improve.

Anja Soderstrom: Okay. Great. Thank you. That’s was all for me.

Todd Kelsey: All right. Thanks, Anja.

Operator: Okay. Thank you so much for that. I’m showing no further questions. I would now like to turn the call back over to Todd Kelsey for closing remarks.

A – Todd Kelsey: All right. Thank you, Britney. I’d like to thank everybody for joining us, our shareholders, investors, analysts, Plexus team members. In concluding, I’d like to state again how pleased I am with our team continues to execute. We remain focused on activities to create shareholder value, and these include delivering our 9% to 12% revenue growth goal over the long-term, generating at least 5.5% GAAP operating margin exiting fiscal 2025 and producing more consistent and greater free cash flow. Thank you all, and have a wonderful day.

Operator: Okay. Thank you for participating in today’s conference. This does conclude the program. You may now disconnect.