Plexus Issues Fiscal 2023 Sustainability Report
24 Juin 2024 - 2:30PM
Plexus Corp. (NASDAQ: PLXS) released today its fiscal 2023
Sustainability Report. The report, which is now available on the
company’s Sustainability web page, highlights the progress and
impact of its sustainable and responsible business practices in
strengthening customer partnerships, supporting team member growth
and demonstrating a positive environmental and social impact.
Todd Kelsey, President and Chief Executive Officer, commented,
“In service to our vision of building a better world, we made
significant progress in advancing our sustainable and responsible
business practices in fiscal 2023. Driven by the passion of our
people, we’re committed to raising the standard of excellence as we
design, manufacture and service transformative products in
partnership with our customers.”
Highlights from fiscal 2023 include:
- Helping our customers deliver
products to the market with lower global warming potential through
our unique ability to assess a product’s impact and uncover
emissions reduction opportunities across the product lifecycle
- Expanding our technical capabilities
as we design, manufacture and service products to be more
environmentally sustainable and responsibly produced
- Joining the UN Global Compact,
focused on driving action to implement and progress change through
alignment to the UN’s Sustainable Development Goals
- Achieving an 8.4% energy intensity
reduction across Plexus’ manufacturing sites, the result of
operational efficiency improvements, renewable energy transition
projects and equipment and system optimization efforts
- Launching two new Employee Resource
Groups focused on serving the needs of Veterans and members of the
LGBTQIA+ community, supporting team member-driven engagement and
social impact activities through our Diversity & Inclusion
efforts
- Donating in excess of $1 million globally through the Plexus
Community Foundation and supporting nearly 20,000 paid volunteer
hours globally
Mr. Kelsey continued, “We’ve always been driven to excel for our
customers, team members and communities, and this report
demonstrates the multiple pathways in which we can achieve
extraordinary outcomes together.”
“The progress we made in fiscal 2023 is a testament to our roots
as a service organization and our people, who are at the heart of
our strategy,” noted Megan Schleicher, Sr. Director of
Sustainability & Social Impact. “I’m incredibly proud of our
accomplishments, as we continue to evolve our ways of working in
pursuit of building a better world.”
To learn more about Plexus’ efforts around sustainable and
responsible business practices, please visit Plexus' Sustainability
web page.
Investor and Media Contact
Shawn Harrison+1.920.969.6325shawn.harrison@plexus.com
About PlexusSince 1979, Plexus has been
partnering with companies to create the products that build a
better world. We are a team of over 20,000 individuals who are
dedicated to providing Design and Development, Supply Chain
Solutions, New Product Introduction, Manufacturing and Sustaining
Services. Plexus is a global leader that specializes in serving
customers in industries with highly complex products and demanding
regulatory environments. Plexus delivers customer service
excellence to leading companies by providing innovative,
comprehensive solutions throughout a product’s lifecycle. For more
information about Plexus, visit our website at www.plexus.com.
Safe Harbor and Fair Disclosure Statement The
statements contained in this press release that are guidance or
which are not historical facts (such as statements in the future
tense and statements including believe, expect, intend, plan,
anticipate, goal, target and similar terms and concepts), including
all discussions of periods which are not yet completed, are
forward-looking statements that involve risks and uncertainties.
These risks and uncertainties include the ability to realize
anticipated savings from restructuring or similar actions, as well
as the adequacy of related charges as compared to actual expenses;
the effect of inflationary pressures on our costs of production,
profitability, and on the economic outlook of our markets; the
effects of shortages and delays in obtaining components as a result
of economic cycles, natural disasters or otherwise; the risk of
customer delays, changes, cancellations or forecast inaccuracies in
both ongoing and new programs; the lack of visibility of future
orders, particularly in view of changing economic conditions; the
economic performance of the industries, sectors and customers we
serve; the outcome of litigation and regulatory investigations and
proceedings, including the results of any challenges with regard to
such outcomes; the effects of tariffs, trade disputes, trade
agreements and other trade protection measures; the effects of the
volume of revenue from certain sectors or programs on our margins
in particular periods; our ability to secure new customers,
maintain our current customer base and deliver product on a timely
basis; the risks of concentration of work for certain customers;
the particular risks relative to new or recent customers, programs
or services, which risks include customer and other delays,
start-up costs, potential inability to execute, the establishment
of appropriate terms of agreements, and the lack of a track record
of order volume and timing; the effects of start-up costs of new
programs and facilities or the costs associated with the closure or
consolidation of facilities; possible unexpected costs and
operating disruption in transitioning programs, including
transitions between Company facilities; the risk that new program
wins and/or customer demand may not result in the expected revenue
or profitability; the fact that customer orders may not lead to
long-term relationships; our ability to manage successfully and
execute a complex business model characterized by high product mix
and demanding quality, regulatory, and other requirements; the
risks associated with excess and obsolete inventory, including the
risk that inventory purchased on behalf of our customers may not be
consumed or otherwise paid for by the customer, resulting in an
inventory write-off; risks related to information technology
systems and data security; increasing regulatory and compliance
requirements; any tax law changes and related foreign jurisdiction
tax developments; current or potential future barriers to the
repatriation of funds that are currently held outside of the United
States as a result of actions taken by other countries or
otherwise; the potential effects of jurisdictional results on our
taxes, tax rates, and our ability to use deferred tax assets and
net operating losses; the weakness of areas of the global economy;
the effect of changes in the pricing and margins of products; raw
materials and component cost fluctuations; the potential effect of
fluctuations in the value of the currencies in which we transact
business; the effects of changes in economic conditions, political
conditions and tax matters in the United States and in the other
countries in which we do business; the potential effect of other
world or local events or other events outside our control (such as
the conflict between Russia and Ukraine, conflict in the Middle
East, escalating tensions between China and Taiwan or China and the
United States, changes in energy prices, terrorism, global health
epidemics and weather events); the impact of increased competition;
an inability to successfully manage human capital; changes in
financial accounting standards; and other risks detailed herein and
in our other Securities and Exchange Commission filings,
particularly in Risk Factors contained in our fiscal 2023 Form
10-K.
Plexus (NASDAQ:PLXS)
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