![]() ![]() 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," "plan," "project," "forecast," "strategy," "position," "continue," "estimate," "expect," "may," "will," "could," "predict," and similar expressions of the negative or other variations thereof. This press release 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. Benchmark's global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE. Benchmark provides comprehensive solutions across the entire product life cycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next generation telecommunications, complex industrials, medical, and semiconductor capital equipment. A replay of the broadcast will also be available on the Company's website. The live webcast of the call and accompanying reference materials will be accessible by logging on to the Company's website at. The Company will host a conference call to discuss the results today at 5:00 p.m. Second Quarter 2023 Earnings Conference Call Restructuring charges are expected to range between $1.1 million and $1.5 million in the third quarter and the amortization of intangibles is expected to be $1.6 million in the third quarter. ![]() This guidance takes into consideration all known constraints for the quarter and assumes no further significant interruptions to our supply base, operations or customers. Third Quarter 2023 Guidanceĭiluted GAAP earnings per share between $0.45 - $0.51ĭiluted non-GAAP earnings per share between $0.51 - $0.59 (excluding restructuring charges and other costs and amortization of intangibles) ![]() Overall, revenues were up 1% year-over-year from strength in the Industrials, Advanced Computing and Next Gen Communications sectors. Revenue and percentage of sales by industry sector (in millions) were as follows. Benck continued "As we enter the second half, we are confident that our diversified portfolio and investments in future growth position us to both navigate the dynamic near-term macro environment and capture incremental share in tomorrow's growth markets." Cash Conversion Cycle Our team's ability to navigate continued supply chain challenges and progress on operational efficiencies enabled us to deliver these results," said Jeff Benck, Benchmark's President and CEO. "Benchmark delivered a strong quarter, exceeding the high end of our guidance ranges on revenue and non-GAAP operating income. (1) A reconciliation of GAAP and non-GAAP results is included below. ![]() (NYSE: BHE ) today announced financial results for the second quarter ended June 30, 2023. TEMPE, Ariz., J/PRNewswire/ - Benchmark Electronics, Inc. GAAP earnings per share of $0.39 and non-GAAP earnings per share of $0.48 Non-GAAP(1) operating income of $29 million, up 28% year-over-year BENCHMARK REPORTS SECOND QUARTER 2023 RESULTS ![]()
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