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Plexus expects $40M hit in second quarter from coronavirus

Mar 02, 2020 - Milwaukee Business Journal

Plexus Corp., a multinational manufacturer based in Neenah, said Monday that its fiscal second quarter revenue will sustain a hit of about $40 million as a result of the coronavirus outbreak.

Plexus (Nasdaq: PLXS), a contract manufacturer of electronics that provides product development services for customers, said in a press release that the outbreak of COVID-19 is disrupting the workforce in its supply chain, which will result in the expected revenue shortfall.

Revenue for the fisc...