In 2023, Benchmark's site in Suzhou, China received an upgraded safety certification stemming from a routine government safety audit. The Benchmark sites in Thailand received numerous awards and recognition for their health and safety programs from both the Thai government and public organizations. In 2023 the Korat site received the prestigious "Model Factory for Workplace Safety" award from the Workmen's Compensation Fund section at the Korat Social Security office as well as the platinum-class award for ...

Benchmark Electronics, Inc. (NYSE:BHE) Q4 2023 Earnings Conference Call January 31, 2024 5:00 PM ET Company Participants Paul Mansky - IR Jeffrey Benck - President & CEO Roop Lakkaraju - EVP & CFO Conference Call Participants Jim Ricchiuti - Needham & Co. Steven Fox - Fox Advisors Jaeson Schmidt - Lake Street Capital Markets, LLC Operator Good afternoon, and welcome to the Benchmark Electronics Inc. Fourth Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instruc ...

Benchmark | 1 Benchmark Electronics Fourth Quarter and Fiscal Year 2023 Financial Results January 31, 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 "anticip ...

TEMPE, Ariz., Jan. 17, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce fourth quarter 2023 results on Wednesday, January 31, 2024 after the market close. The Company will host a conference call to discuss these results at 5:00 p.m. Eastern Time that day.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 ava ...

On May 20, 2022, the Company entered into Amendment No. 1 (the Amendment) to the Amended and Restated Credit Agreement (as amended, the Credit Agreement). The Amendment increased the Revolving Credit Facility commitments from $250 million to $450 million. The Amendment also established that the interest on outstanding borrowings starting on the next reset date and any new borrowings under the Amendment (other than swingline loans) will accrue, at the Company's option, at (a) BSBY plus the Applicable Rate (a ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2023 was $720 million, down year-over-year, but non-GAAP operating income increased by 22% year-over-year [6][7] - Non-GAAP EPS was $0.57, exceeding the high end of GAAP guidance and 10% above non-GAAP consensus [7][10] - Non-GAAP gross margin was 9.6%, a 50 basis point sequential increase and a 100 basis point improvement year-over-year [24][10] Business Line Data and Key Metrics Changes - Medical revenue increased by 8% year-over-year, driven by existing programs and improved supply availability [9] - Semi-cap revenue decreased by 10% year-over-year, aligning with expectations, but outperformed industry estimates [9] - A&D revenue rose by 20% year-over-year due to strength in commercial aerospace defense programs [9] Market Data and Key Metrics Changes - Industrials revenue increased by 9% year-over-year, supported by existing customers and new programs in energy efficiency [47] - Advanced computing revenue decreased by 30% year-over-year due to the completion of high-performance computing programs [47] - Next-generation communications revenue was up 20% year-over-year, driven by growth in broadband infrastructure programs [47] Company Strategy and Development Direction - The company is focusing on complex and highly regulated markets, emphasizing operational execution [6] - Plans to maintain a trajectory of greater than $70 million in annualized free cash flow, supported by inventory reductions [22] - The company expects to continue outperforming broader market growth rates in semi-cap due to unique customer exposure and new program wins [14] Management's Comments on Operating Environment and Future Outlook - Management noted that while some customers are moderating forecasts, others, particularly in A&D, are seeing incremental strength [32] - The company is cautious about investments and managing expenses closely due to an uncertain economic environment [33] - Management remains confident in the diversified portfolio's ability to weather economic challenges and capitalize on future growth opportunities [33] Other Important Information - The company generated $38 million in cash from operations and $18 million in free cash flow in Q3 [49] - CapEx spending for Q4 2023 is expected to be between $10 million and $15 million, with full-year CapEx projected at $70 million to $75 million [49] - The company has a cash balance of $261 million as of September 30, 2023 [49] Q&A Session Summary Question: Expected revenue flatness through the first half of 2024 - Management confirmed that revenue is expected to remain flat through the first half of 2024, with solid demand but cautious customer behavior [34][102] Question: Any decommits or cancellations in the pipeline backlog - Management indicated that there are always some adjustments in demand, but nothing unusual has been observed in the current environment [37][38] Question: Impact of economic environment on outsourcing decisions - Management noted that OEMs are reevaluating their manufacturing strategies, leading to increased willingness to consider outsourcing [93] Question: Semi-cap margins and growth expectations - Management stated that semi-cap margins are among the strongest and expect significant growth when the market rebounds [75][76] Question: Currency headwinds from the Mexican footprint - Management confirmed a significant footprint in Mexico and mentioned effective hedging programs to manage currency risks [96][81]

FORM 10-Q Acceleratedfiler Smallerreporting UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | --- | --- | |-----------------------------------------------------------------------------------|---------------------| | | | | | | | Commission File Number: 1-10560 | | | BENCHMARK ELECTRONICS, (Exact name of registrant as specified in its charter) | INC. | | Texas | 74-2211011 | | (State or other jurisdiction | (I.R.S. Employer | | of incorporation or organization) | Identification No.) | ...

Benchmark Electronics, Inc. (NYSE:BHE) Q2 2023 Earnings Conference Call July 31, 2023 5:00 PM ET Company Participants Paul Mansky - IR Jeff Benck - President & CEO Roop Lakkaraju - EVP & CFO Conference Call Participants Jim Ricchiuti - Needham & Company Jaeson Schmidt - Lake Street Capital Markets Steven Fox - Fox Advisors Anja Soderstrom - Sidoti & Co. Operator Good day, and welcome to Benchmark Electronics Inc. Second Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [ ...

Benchmark Benchmark Electronics Second Quarter 2023 Earnings July 31, 2023 | 1 Copyright © 2023 by original author Benchmark Electronics, Inc. Not to be reprotuced, distributed, or used in any means without written permission by Benchmark. Forward-Looking 2023 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 ident ...

Benchmark Electronics, Inc. (NYSE:BHE) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Jeff Benck - President & CEO Roop Lakkaraju - EVP & CFO Paul Mansky - IR Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets Steven Fox - Fox Advisors Anja Soderstrom - Sidoti & Co. Operator Hello, and welcome to the Benchmark Electronics, Inc. First Quarter 2023 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentat ...