BENCHMARK REPORTS SECOND QUARTER 2024 RESULTS | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------|------------------------------------------|---------------------|---------------------------------------|----------|----------------| | • GAAP and non-GAAP earnings per share of \n(Amounts in millions, except per share data) \nSales | $0. ...

Second quarter 2024 results(1): "Once again Benchmark delivered solid results, demonstrating consistent progress toward achieving our longerterm operational objectives," said Jeff Benck, Benchmark's President and CEO. Second Quarter 2024 Industry Sector Update Revenue decreased quarter over quarter primarily due to decreases in Medical and Advanced Computing and Communications (AC&C) sales, which were partially offset by an increase in Semi-Cap sales. Revenue decreased year-over-year primarily due to decrea ...

The expansion of Brasov is part of a broader Benchmark strategy to increase manufacturing capacity around the world by leveraging its current facilities and leadership as more customers look to diversify their manufacturing strategy and have products built closer to end-market consumption. The new space not only provides new manufacturing space, but also improves system integration and workflow on the floor. TEMPE, Ariz., July 25, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provid ...

Small-cap stocks are hurt more by high interest rates than their larger peers. Without the same access to capital, they are forced to borrow money at higher rates. The Federal Reserve's higher-for-longer policies have weighed heavily on the Russell 2000 small-cap index. It is up only 11% over the past year compared to a 25% gain by the S&P 500. However, that dip could be highlighting a buying opportunity among Russell 2000 stocks for long-term growth. Not all small-cap stocks are impacted the same. Some enj ...

We recognize manufacturing services revenue as the customer takes control of the manufactured products built to customer specifications. We also generate revenue from our design, development and engineering services, in addition to the sale of other inventory. 22 Sales for the three months ended March 31, 2024 were $675.6 million, a 3% decrease from sales of $694.7 million during the three months ended March 31, 2023. During the first quarter of 2024, sales to customers in our various industry sectors varie ...

Benchmark Electronics, Inc. (NYSE:BHE) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Paul Mansky - Investor Relations Jeff Benck - President and Chief Executive Officer Arvind Kamal - Interim Chief Financial Officer Steven Fox - Fox Advisors Anja Soderstrom - Sidoti Chris Grenga - Needham & Company Hello, and welcome to the Benchmark Electronics to Report First Quarter 2024 Results Conference. At this time, all parties are in a listen-only mode. Later, you will have an opportunity to ask questions ...

Benchmark | 1 Benchmark Electronics First Quarter 2024 Financial Results May 1, 2024 Benchmark. Forward-Looking 2024 Statements | 2 This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts and may include words such as "anticipate," "believe," "inte ...

BENCHMARK REPORTS FIRST QUARTER 2024 RESULTS "We are pleased with our strong performance in the first quarter, which reflects our focus on driving operational efficiency while continuing our strategic investments in support of our future growth. We again delivered yearover-year improvement in both GAAP and non-GAAP gross and operating margins which, coupled with our reductions in inventory, resulted in our fourth consecutive quarter of positive cash flow from operations and free cash flow. These results und ...

TEMPE, Ariz., April 25, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce first quarter 2024 results on Wednesday, May 1, 2024 after the market close. The Company will host a conference call to discuss these results on the same day at 5:00 p.m. Eastern Time.A live audio webcast of the call along with supporting materials will be available on the Benchmark Investor Relations website at ir.bench.com or on the webcast link provided below. Following the call, a webcast replay will be av ...

TEMPE, Ariz., March 19, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced Roop K. Lakkaraju, Executive Vice President and Chief Financial Officer (CFO) intends to resign from his position to pursue another professional opportunity outside of Benchmark. Mr. Lakkaraju will remain in his current role until April 1, 2024. Effective April 1, 2024, Arvind Kamal, Benchmark's current Vice President of Finance, will assume the role of interim CFO. Mr. Kamal has been with Benchmark for more ...