EX-99.1 6 plxsf2510-qq2exhibit991.htm EX-99.1

																											Exhibit 99.1
Return on Invested Capital ("ROIC") and Economic Return Calculations GAAP to non-GAAP reconciliation (dollars in thousands):
						Six Months Ended									Three Months Ended									Six Months Ended
						Mar 29,									Dec 28,									Mar 30,
						2025									2024									2024
Operating income, as reported									$	95,651								$	46,860								$	74,628
Restructuring and other charges						+			4,683						+			4,683						+			11,038
Adjusted operating income									100,334									51,543									85,666
						x			2						x			4						x			2
Adjusted annualized operating income									200,668									206,172									171,332
Adjusted effective tax rate						x			13		%				x			15		%				x			15		%
Tax impact									26,087									30,926									25,700
Adjusted operating income (tax-effected)									$	174,581								$	175,246								$	145,632
Average invested capital									$	1,276,742								$	1,268,309								$	1,478,062
ROIC									13.7		%							13.8		%							9.9		%
WACC									8.9		%							8.9		%							8.2		%
Economic Return									4.8		%							4.9		%							1.7		%

			March 29,						December 28,						September 28,						June 29,						March 30,						December 30,						September 30,
			2025						2024						2024						2024						2024						2023						2023
Equity			$	1,351,675					$	1,319,069					$	1,324,825					$	1,266,360					$	1,259,762					$	1,266,755					$	1,214,382
Plus:
Debt and finance lease obligations - current			121,014						121,977						157,325						258,175						245,964						251,119						240,205
Operating lease obligations - current (1)			9,968						14,875						14,697						7,990						8,281						9,172						8,363
Debt and finance lease obligations - long-term			88,761						88,728						89,993						90,715						192,025						192,118						190,853
Operating lease obligations - long-term			32,720						35,124						32,275						31,923						33,915						35,989						38,552
Less:
Cash and cash equivalents			(310,531)						(317,161)						(345,109)						(269,868)						(265,053)						(231,982)						(256,233)
			$	1,293,607					$	1,262,612					$	1,274,006					$	1,385,295					$	1,474,894					$	1,523,171					$	1,436,122

(1)

Included in other accrued liabilities on the Condensed Consolidated Balance Sheets.