Benchmark Electronics(BHE) - 2021 Q1 - Earnings Call Presentation

Financial Performance - Benchmark achieved revenue of $506 million in Q1 2021[5] - The company's Non-GAAP gross margin was 8.3% and Non-GAAP operating margin was 2.3%[5] - Non-GAAP earnings per share were $0.21[5] - Operating cash flow was $37 million and free cash flow was $30 million[5] Revenue Analysis by Market Sector - Medical sector revenue was $109 million, representing 21% of total revenue, a decrease of 3% Q/Q and 8% Y/Y[15] - Semi-Cap sector revenue was $113 million, accounting for 22% of total revenue, an increase of 12% Q/Q and 37% Y/Y[16] - Aerospace & Defense sector revenue was $89 million, making up 18% of total revenue, a decrease of 19% Q/Q and 25% Y/Y[17] - Industrials sector revenue was $95 million, comprising 19% of total revenue, a decrease of 2% Q/Q and 7% Y/Y[18] Cash Conversion Cycle - The cash conversion cycle was 65 days[5] Capital Allocation - Share repurchases of $13 million were completed in Q1 2021[35] - A quarterly dividend of $0.16 per share, totaling $5.8 million, was paid in January 2021[35] Q2 2021 Guidance - Net sales are expected to be between $515 million and $555 million[37]