Benchmark Electronics, Inc. (NYSE:BHE) Q1 2022 Earnings Conference Call April 26, 2022 5:00 PM ET Company Participants Paul Mansky – Investor Relations Jeff Benck – Chief Executive Officer and President Roop Lakkaraju – Chief Financial Officer Conference Call Participants Jim Ricchiuti – Needham and Company Jaeson Schmidt – Lake Street Anja Soderstrom – Sidoti Operator Good afternoon and welcome to the Benchmark Electronics Incorporated First Quarter Earnings Conference Call. All participants will be in lis ...

Benchmark Sidoti Small Cap Virtual Investor Conference Company Overview March 23, 2022 | 1 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 as any statement that does not relate strictly to historical or current facts and may include words such as "anticipate," "believe," "intend," ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2021 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) Texas 74-2211011 (State or other jurisdiction ...

Benchmark Benchmark Electronics Q4-21 and CY2021 Earnings Results February 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 a ...

Financial Data and Key Metrics Changes - The company reported Q4 2021 revenue of $633 million, which was $48 million above the midpoint of guidance and represented a 21% year-over-year increase [10] - Non-GAAP gross margins were 9.8%, and operating margins were 3.8%, with earnings per share (EPS) of $0.48, reflecting a 41% increase from the previous year [11][12] - The cash conversion cycle improved to 69 days, a 2-day improvement over Q3 [12][44] Business Line Data and Key Metrics Changes - Medical revenues increased by 14% year-over-year, driven by demand in cardiac and respiratory care markets [30] - Semi-Cap revenues surged by 62% year-over-year, indicating strong demand for precision machining and electromechanical assembly services [31] - A&D revenues decreased by 15% year-over-year due to program transitions and lower demand in commercial aerospace [31] - Industrial revenues rose by 29% year-over-year, supported by demand improvements in oil and gas and building infrastructure [32] - Computing revenues increased by 28% year-over-year, while telco revenues grew by 16% year-over-year [33] Market Data and Key Metrics Changes - Higher-value markets accounted for 81% of Q4 revenue, while traditional markets represented 19% [32][40] - The top 10 customers contributed 49% of sales in Q4, with one customer, Applied Materials, exceeding 10% of total revenue for the year [33][41] Company Strategy and Development Direction - The company aims to grow revenue by securing new bookings exceeding $900 million for 2022, focusing on complex manufacturing and engineering capabilities [71] - Investments in sustainable infrastructure and talent are ongoing, with a commitment to ESG initiatives [26][66] - The company plans to increase the engineering attach rate from 50% to over 70% for 2022, reflecting a strategic focus on engineering alongside manufacturing [25][91] Management's Comments on Operating Environment and Future Outlook - Management indicated that demand continues to outpace supply, with over $100 million of unfulfilled demand expected to roll into future quarters [51][76] - The supply chain environment remains constrained, with no broad recovery anticipated in 2022 [15][101] - The company expects strong growth in the Medical sector, with Semi-Cap and Industrial revenues also projected to remain robust [58][60] Other Important Information - The company invested $42 million in capital expenditures in 2021 and plans to increase CapEx spending to between $50 million and $60 million in 2022 [47] - The cash balance at the end of Q4 was $272 million, with a positive cash net of debt of $141 million [46] Q&A Session Summary Question: What is the shelf life of the $100 million unfulfilled demand? - Management believes that most of the unfulfilled demand will roll into Q2, Q3, and the second half of the year [76][77] Question: Is the unfulfilled demand spread across verticals? - The unfulfilled demand is spread across various sectors, with no specific concentration [78] Question: How much of the unfulfilled demand relates to new bookings in Q4? - A mix of new bookings and unfulfilled demand from previous quarters contributes to the unfulfilled demand [86][87] Question: What pressures are being faced regarding labor and costs? - The company is experiencing a "war on talent" and is investing more in recruitment and managing inflationary costs [81][83] Question: Are customers more prone to increase outsourcing due to supply chain constraints? - Customers are seeking help with supply chain issues, but it is unclear if this will lead to increased outsourcing [96] Question: What needs to happen for supply chain improvements? - Additional capacity needs to be put in place to support the strong demand environment [102][106]

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, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to________________ | --- | --- | |---------------------------------------------------------------------------------|-------------------- ...

Benchmark Benchmark Electronics Q3-21 Earnings Results October 27, 2021 | 1 Copyright © 2021 by original author Benchmark Electronics, Inc. Not to be reproduced, distributed, or used in any means without written permission by Benchmark. Forward-Looking 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 (Exchange Act). These forward-looking statements ar ...

Benchmark Electronics, Inc. (NYSE:BHE) Q3 2021 Earnings Conference Call October 27, 2021 5:00 AM ET Company Participants Lisa Weeks - Chief Strategy Officer & Head-Investor Relations Jeff Benck - Chief Executive Officer and President Roop Lakkaraju - Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street James Ricchiuti - Needham & Company Anja Soderstrom - Sidoti Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Times ...

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 June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to________________ | --- | --- | |--------------------------------------------------------------------|---------------------| | | | | Commiss ...

Benchmark Benchmark Electronics Q2-21 Earnings Results July 28, 2021 | 1 Copyright © 2021 by original author Benchmark Electronics, Inc. Not to be reproduced, distributed, or used in any means without written permission by Benchmark. Forward-Looking 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 (Exchange Act). These forward-looking statements are i ...