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Mar 31, 2024
Benchmark Q1 2024 Earnings Report
Benchmark reported strong performance in Q1 2024, driven by operational efficiency and strategic investments.
Key Takeaways
Benchmark Electronics reported revenue of $676 million, GAAP EPS of $0.38, and non-GAAP EPS of $0.55 for Q1 2024. The company saw year-over-year improvements in both GAAP and non-GAAP gross and operating margins, resulting in positive cash flow from operations and free cash flow.
Revenue reached $676 million.
GAAP and non-GAAP gross margin were both 10.0%.
GAAP and non-GAAP operating margin were 3.8% and 4.9%, respectively.
GAAP and non-GAAP earnings per share were $0.38 and $0.55, respectively.
Revenue by Segment
Forward Guidance
The company expects revenue between $615 million and $655 million and diluted GAAP earnings per share between $0.32 and $0.38 for the second quarter of 2024. Diluted non-GAAP earnings per share are expected to be between $0.48 and $0.54.
Positive Outlook
- Revenue between $615 million - $655 million
- Diluted GAAP earnings per share between $0.32 - $0.38
- Diluted non-GAAP earnings per share between $0.48 - $0.54
Challenges Ahead
- Restructuring charges are expected to be approximately $2.0 million.
- Stock-based compensation expense is expected to be $4.4 million.
- The amortization of intangible assets is expected to be $1.2 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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