Benchmark Electronics(BHE) - 2023 Q1 - Earnings Call Presentation

Financial Performance - Benchmark achieved revenue of $695 million, a 9% year-over-year increase [5] - GAAP gross margin was 9.2% [5] - GAAP operating margin was 3.3%, while non-GAAP operating margin was 3.7% [5] - GAAP EPS was $0.35, and non-GAAP EPS was $0.42 [5] - Revenue adjusted for supply chain premiums grew 17% year-over-year [5] Sector Analysis - Medical sector revenue was $137 million, representing 20% of the mix [9] - Semi-Cap sector revenue was $149 million, accounting for 21% of the mix [9] - Advanced Computing sector revenue increased 74% year-over-year to $96 million [9] - Next Gen Comms sector revenue increased 45% year-over-year to $90 million [9] Liquidity and Capital Allocation - Cash flow from operations was -$25 million [20] - Free cash flow was -$64 million [20] - The company's share repurchase program has a remaining authorization of $155 million as of March 31, 2023 [23] Q2 2023 Guidance - The company expects net sales between $670 million and $710 million [25]