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Mar 31, 2021
Benchmark Q1 2021 Earnings Report
Benchmark reported first quarter 2021 results with revenue of $506 million and GAAP diluted EPS of $0.22.
Key Takeaways
Benchmark Electronics reported a solid first quarter with revenue of $506 million, GAAP diluted EPS of $0.22, and non-GAAP diluted EPS of $0.21. The company saw strong growth in the Semi-Cap market, with revenues up 37% year-over-year.
Quarterly revenue was $506 million.
Semi-Cap revenue grew 37% year-over-year.
Computing revenue grew 19% year-over-year.
GAAP diluted EPS was $0.22 and non-GAAP diluted EPS was $0.21.
Benchmark
Benchmark
Benchmark Revenue by Segment
Revenue by Segment
Semi-Cap Revenue
CapyFin.comIndustrial Revenue
CapyFin.comMedical Revenue
CapyFin.com Forward Guidance
Benchmark anticipates revenue between $515 - $555 million and diluted GAAP earnings per share between $0.18 - $0.24 for the second quarter of 2021.
Positive Outlook
- Revenue between $515 - $555 million
- Diluted GAAP earnings per share between $0.18 - $0.24
- Diluted non-GAAP earnings per share between $0.23 - $0.29 (excluding restructuring charges and other costs and amortization of intangibles)
- Guidance considers all known constraints for the quarter
- Guidance assumes no material changes to end market conditions due to COVID-19
Challenges Ahead
- Restructuring charges are expected to range between $0.8 million and $1.2 million in the second quarter
- The amortization of intangibles is expected to be $1.7 million in the second quarter.
- Guidance takes into consideration all known constraints for the quarter
- Guidance assumes no further significant interruptions to our supply base, operations or customers.
- Guidance assumes no material changes to end market conditions due to COVID-19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income