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Mar 31, 2022
Benchmark Q1 2022 Earnings Report
Benchmark reported first quarter results with revenue growth and improved earnings per share.
Key Takeaways
Benchmark Electronics reported a strong first quarter with a 26% year-over-year revenue increase, reaching $636 million. GAAP EPS was $0.31, up 41% year-over-year, and non-GAAP EPS was $0.44, up 110% year-over-year. The company is well-positioned for double-digit revenue growth in 2022, driven by strong demand across its sectors.
Revenue reached $636 million, a 26% increase year-over-year.
Semi-Cap revenue increased by 12% quarter-over-quarter.
Industrials revenue grew by 10% quarter-over-quarter.
GAAP diluted EPS was $0.31, up 41% year-over-year, while non-GAAP diluted EPS was $0.44, up 110% year-over-year.
Benchmark
Benchmark
Benchmark Revenue by Segment
Revenue by Segment
Semi-Cap Revenue
CapyFin.comIndustrial Revenue
CapyFin.comMedical Revenue
CapyFin.com Forward Guidance
The company expects revenue between $615 - $655 million and diluted GAAP earnings per share between $0.33 - $0.39 for the second quarter of 2022.
Positive Outlook
- Revenue between $615 - $655 million
- Diluted GAAP earnings per share between $0.33 - $0.39
- Diluted non-GAAP earnings per share between $0.39 - $0.45
- Guidance considers all known constraints for the quarter.
- Guidance assumes no material changes to end market conditions due to COVID.
Challenges Ahead
- Restructuring charges are expected to range between $0.8 million and $1.2 million
- Amortization of intangibles is expected to be $1.6 million
- Guidance takes into consideration all known constraints for the quarter
- Assumes no further significant interruptions to our supply base
- Assumes no further significant interruptions to operations or customers
Revenue & Expenses
Visualization of income flow from segment revenue to net income