2013-01-07 23:46:37 -

PLEXUS UPDATES FISCAL FIRST QUARTER REVENUE AND EARNINGS OUTLOOK

NEENAH, WI, January 7, 2013 -- Plexus Corp. (NASDAQ: PLXS) today announced that
it expects to report revenue and earnings below the guidance provided for the
fiscal first quarter of 2013.  Revenue is expected to be approximately $531
million with diluted earnings per share expected to be in the range of $0.45 to
$0.47, excluding any restructuring charges.  The original fiscal first quarter
guidance was revenue of $550 to $580 million with diluted earnings per share of
$0.50 to $0.55, excluding any restructuring charges.

Dean Foate, President and CEO, commented, "While manufacturing demand softened
across all of our sectors during the quarter, in particular we did not
experience the typical demand-pull of products in our Networking/Communications
sector in the final few weeks   of the quarter.  As a consequence, our
Networking/Communications sector revenue was substantially below our
expectations for the quarter and accounted for the majority of the shortfall to
our original guidance."

These results are preliminary and therefore subject to the Company's completion
of its fiscal first quarter closing and review procedures.  The Company will
report final results on January 16, 2013 and will host a conference call on
January 17, 2013 at 8:30 a.m. Eastern Time to discuss these results.  The call
can be accessed at 1-800-927-0469 with confirmation: 33987298 or at
 www.media-server.com/m/p/27f372dr.


For further information, please contact:
Ginger Jones, Senior VP and Chief Financial Officer
920-751-5487 or ginger.jones@plexus.com

About Plexus Corp. - The Product Realization Company
Plexus (www.plexus.com) delivers optimized Product Realization solutions through
a  unique Product Realization Value Stream service model.  This customer-focused
services  model  seamlessly  integrates  innovative  product  conceptualization,
design, commercialization, manufacturing, fulfillment and sustaining services to
deliver  comprehensive  end-to-end  solutions  for  customers  in  the  America,
European and Asia-Pacific regions.

Plexus  is the industry leader in servicing mid-to-low volume, higher complexity
customer  programs characterized by unique  flexibility, technology, quality and
regulatory  requirements.  Award-winning  customer service  is provided  to over
140 branded  product companies in the Networking/Communications, Healthcare/Life
Sciences, Industrial/Commercial and Defense/Security/Aerospace market sectors.

Safe Harbor and Fair Disclosure Statement
The statements contained in this release which 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, but are not limited to:
the risk of customer delays, changes, cancellations or forecast inaccuracies in
both ongoing and new programs; the poor visibility of future orders,
particularly in view of current economic conditions; the effects on Plexus of
Juniper Network's intended disengagement; the economic performance of the
industries, sectors and customers we serve; the effects of the volume of revenue
from certain sectors or programs on our margins in particular periods; the risk
that our agreement with Kontron does not result in the revenues or margins
anticipated by us; our ability to secure new customers, maintain our current
customer base and deliver product on a timely basis; the particular risks
relative to new or recent customers or programs, 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 risks of concentration of work for certain
customers; our ability to manage successfully a complex business model
characterized by high customer and product mix, low volumes and demanding
quality, regulatory, and other requirements; 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; the
effects of shortages and delays in obtaining components as a result of economic
cycles or natural disasters; 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; the weakness of areas of the global economy and the
continuing instability of the global financial markets and banking system,
including the potential inability of our customers or suppliers to access credit
facilities; the effect of changes in the pricing and margins of products; the
effect of start-up costs of new programs and facilities, such as our announced
plans to replace facilities in Romania and the United States, and other recent,
planned and potential future expansions; increasing regulatory and compliance
requirements; possible unexpected costs and operating disruption in
transitioning programs; raw materials and component cost fluctuations; the
potential effect of fluctuations in the value of the currencies in which we
transact business; the potential effects of  regional results on our taxes and
ability to use deferred tax assets; the potential effect of world or local
events or other events outside our control (such as drug cartel-related violence
in Mexico, changes in oil prices, terrorism and weather events); the impact of
increased competition; and other risks detailed in the Company's Securities and
Exchange Commission filings (particularly in Part I, Item 1A of our annual
report on Form 10-K for the fiscal year ended October 1, 2012).


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Source: Plexus via Thomson Reuters ONE
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