The Company awarded performance-based restricted stock units to employees during the three months ended March 31, 2023 and 2022. The number of performance-based restricted stock units that will ultimately be earned will not be determined until the end of the corresponding performance periods, and may vary from as low as zero to as high as 2.5 times the target number depending on the level of achievement of certain performance goals. The level of achievement of these goals is based upon the financial results ...

Benchmark Benchmark Electronics First Quarter 2023 Earnings May 3, 2023 | 1 Copyright © 2023 by original author Benchmark Electronics, Inc. Not to be reproduced, 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 identifi ...

Sales Performance - Sales for 2022 were $2,886.3 million, a 28% increase from $2,255.3 million in 2020[6]. - Americas sales increased 23% to $1,475.9 million in 2022 from $1,203.5 million in 2021[13]. - Advanced Computing sales increased 56% to $310.5 million in 2022 from $199.4 million in 2021[11]. Profitability - Gross profit margin decreased to 8.8% in 2022 from 9.1% in 2021, while selling, general and administrative expenses decreased to 5.2% from 6.1%[9]. - Operating income for 2022 increased 70% to $90.1 million from $53.1 million in 2021[14]. - Net income for 2022 was 2.4% of sales, up from 1.6% in 2021[9]. Impairment and Charges - The company recorded $4.4 million in impairment charges in 2021 related to discontinued manufacturing capabilities[8]. Cash Flow and Investments - Cash used in investing activities was $41.2 million in 2022, primarily for property, plant, and equipment purchases of $43.4 million[22]. - As of December 31, 2022, the company had $154.6 million remaining under the share repurchase authorization[24]. Interest Income - Interest income increased to $1.7 million in 2022 from $0.5 million in 2021 due to higher interest rates[18].

Benchmark Benchmark Electronics Fourth Quarter and Fiscal Year 2022 Financial Results February 1, 2023 | 1 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 identified as any statement that does not relate strictly to historical or current facts and may include words such as "anticipate," "beli ...

Benchmark Electronics, Inc. (NYSE:BHE) Q4 2022 Earnings Conference Call February 1, 2023 5:00 PM ET Company Participants Paul Mansky – Investor Relations and Corporate Development Jeff Benck – President and Chief Executive Officer Roop Lakkaraju – Executive Vice President and Chief Financial Officer Conference Call Participants Jaeson Schmidt – Lake Street Steven Fox – Fox Advisors Chris Grenga – Needham & Company Anja Soderstrom – Sidoti Operator Good day and welcome to the Benchmark Electronics, Inc. Four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to________________ Commission File Number: 1-10560 BENCHMARK ELECTRONICS, INC. (Exact name of registrant as specified in its charter) Te ...

Benchmark Benchmark Electronics Q3-22 Earnings Results October 26, 2022 | 1 Copyright © 2022 by original author Benchmark Electronics, Inc. Not to be reproduced, distributed, or used in any means without written permission by Benchmark. Forward-Looking 2022 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 identifi ...

Financial Data and Key Metrics Changes - Revenue for Q3 2022 was $772 million, an increase of nearly $200 million compared to the same quarter last year, representing a 35% year-over-year growth [8][12] - Non-GAAP earnings increased by 46% year-over-year, with non-GAAP EPS at $0.57, which is $0.05 above the midpoint of guidance [8][18] - GAAP EPS for the quarter was $0.53, reflecting a 130% growth year-over-year [16] - Non-GAAP gross margin improved by 50 basis points sequentially to 8.6% [17] - Non-GAAP ROIC was 9.8%, a 20 basis point increase sequentially and a 200 basis point improvement year-over-year [21] Business Line Data and Key Metrics Changes - Medical revenues were flat sequentially but increased by 41% year-over-year due to growth with existing customers and new program ramps [12] - Semi-Cap revenues increased by 7% sequentially and 39% year-over-year, driven by high demand for precision machining and electromechanical assembly services [13] - A&D revenues decreased by 4% sequentially and 14% year-over-year due to supply chain constraints [13] - Industrials revenue was down 2% sequentially but up 44% year-over-year, supported by demand improvements from energy-related products [14] - Computing revenues increased by 38% sequentially and 67% year-over-year, while telco revenues were up 20% sequentially and 52% year-over-year [15] Market Data and Key Metrics Changes - The company expects full-year revenue growth of around 30% and earnings of $2.11, representing year-over-year earnings growth of over 55% [10] - The midpoint of Q4 2022 guidance anticipates revenue between $760 million and $800 million, reflecting a 23% year-over-year growth [26] - Supply chain premiums incurred in Q3 2022 were approximately $74 million, a decrease of $17 million sequentially but an increase of $48 million year-over-year [19] Company Strategy and Development Direction - The company is focusing on high-value subsectors within computing and telco, particularly high-performance computing and next-generation networking [15] - The strategy includes capturing new wins and addressing high-growth markets with innovative products [9][45] - The company is optimistic about long-term growth in the semiconductor sector, driven by new program wins and strong secular drivers [38] Management's Comments on Operating Environment and Future Outlook - Management noted robust demand across most market sectors, despite some constraints in semiconductor families [10] - The company is cautiously optimistic about the future, expecting continued revenue growth and improved supply chain conditions [10][36] - Management acknowledged potential risks from recession and inflation but believes the company's diversification will provide stability [36] Other Important Information - The company plans to generate positive cash flow from operations and free cash flow in fiscal year 2023 [24] - Cash balance was $249 million as of September 30, with $131 million outstanding on the term loan and $170 million on the revolver [24] Q&A Session Summary Question: Signs of slowing in the Semi-Cap space - Management acknowledged seeing signs of reduced spending in the Semi-Cap sector but emphasized strong new wins in 2022 that will contribute to revenue in 2023 [47][48] Question: Growth from engineering design services - Over 75% of recent wins were tied to engineering services, indicating strong growth in this area alongside manufacturing [50][52] Question: Impact of supply chain on margins - Supply chain premiums were lower sequentially, but some constraints remain, particularly in critical semiconductor areas [59][62] Question: Effects of U.S. semiconductor restrictions on China - Management noted potential near-term risks due to new U.S. restrictions but emphasized the company's diversified portfolio [67] Question: Trends in unfulfilled demand - Over $200 million of unfulfilled demand remains, but management is optimistic about fulfilling this as supply chain constraints ease [70][73] Question: Impact of recession on outsourcing - Historically, recessions have led to increased outsourcing as OEMs evaluate efficiency and cost-effectiveness [81][83] Question: Demand drivers for outsourcing solutions - Demand is driven by both supply chain relationships and engineering capabilities, with a focus on near-shoring and reshoring [89][90] Question: Component shortages in A&D - Component shortages in A&D are primarily due to regulatory processes that delay substitutions, particularly in defense contracts [92][93]

Benchmark Oppenheimer 25th Annual Technology, Internet & Communications Conference August 10, 2022 | 1 Copyright © 2022 by original author Benchmark Electronics, Inc. Not to be reproduced, distributed, or used in any means without written permission by Benchmark. Forward-Looking 2022 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-look ...

Benchmark Benchmark Electronics Q2-22 Earnings Results August 3, 2022 | 1 Copyright © 2022 by original author Benchmark Electronics, Inc. Not to be reproduced, distributed, or used in any means without written permission by Benchmark. Forward-Looking 2022 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 ...