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Plexus reports increase in fourth-quarter net income

6:55 PM, Oct. 23, 2013  |  Comments
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Contract electronics manufacturer Plexus Corp. on Wednesday reported a fourth-quarter net income of $24.5 million, up from $23.2 million during the third quarter.

The company's fourth-quarter revenues were $568 million, down from $595 million during the same quarter last year.

Plexus said it landed 34 new programs in its manufacturing solutions group, which should generate about $155 million in annual revenue when in full production.

In November 2012 Plexus announced it had lost one if its major customers, California-based Juniper Networks, a data equipment maker, which represented about 16 percent of the company's revenues.

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