EX-99.1 7 plxsf2510-qq1exhibit991.htm EX-99.1

																											Exhibit 99.1
Return on Invested Capital ("ROIC") and Economic Return Calculations GAAP to non-GAAP reconciliation (dollars in thousands):
						Three Months Ended									Twelve Months Ended									Three Months Ended
						Dec 28,									Sep 28,									Dec 30,
						2024									2024									2023
Operating income, as reported									$	46,860								$	167,732								$	45,158
Restructuring and other charges									4,683									20,257									—
Accelerated stock-based compensation (1)						+			—						+			5,063						+			—
Adjusted operating income									51,543									193,052									45,158
						x			4															x			4
Adjusted annualized operating income									206,172									193,052									180,632
Adjusted effective tax rate						x			15		%							13		%							16		%
Tax impact									30,926									25,097									28,901
Adjusted operating income (tax-effected)									$	175,246								$	167,955								$	151,731
Average invested capital									$	1,268,309								$	1,418,698								$	1,479,647
ROIC									13.8		%							11.8		%							10.3		%
WACC									8.9		%							8.2		%							8.2		%
Economic Return									4.9		%							3.6		%							2.1		%

			December 28,						September 28,						June 29,						March 30,						December 30,						September 30,
			2024						2024						2024						2024						2023						2023
Equity			$	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			121,977						157,325						258,175						245,964						251,119						240,205
Operating lease obligations - current (2)			14,875						14,697						7,990						8,281						9,172						8,363
Debt and finance lease obligations - long-term			88,728						89,993						90,715						192,025						192,118						190,853
Operating lease obligations - long-term			35,124						32,275						31,923						33,915						35,989						38,552
Less:
Cash and cash equivalents			(317,161)						(345,109)						(269,868)						(265,053)						(231,982)						(256,233)
			$	1,262,612					$	1,274,006					$	1,385,295					$	1,474,894					$	1,523,171					$	1,436,122

(1)			During the twelve months ended September 28, 2024, $5.1 million of accelerated stock-based compensation expense was recorded in selling and administrative expense in the accompanying Condensed Consolidated Statements of Operations as a result of executive retirement agreements.
(2)			Included in other accrued liabilities on the Condensed Consolidated Balance Sheets.