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Jun 30, 2021
Benchmark Q2 2021 Earnings Report
Benchmark reported second quarter results with revenue growth and margin expansion.
Key Takeaways
Benchmark Electronics reported strong second-quarter results, achieving double-digit revenue growth driven by the Semi-Cap market and improved Industrials demand. The company also expanded gross and operating margins.
Quarterly revenue reached $545 million, marking an 11% year-over-year increase.
Semi-Cap revenue grew by 60% year-over-year.
Industrials revenue increased by 15% year-over-year.
GAAP diluted EPS was $0.20, and non-GAAP diluted EPS was $0.27.
Revenue by Segment
Forward Guidance
The company expects revenue between $555 - $595 million and diluted GAAP earnings per share between $0.27 - $0.35, and diluted non-GAAP earnings per share between $0.33 - $0.41 for Q3 2021.
Positive Outlook
- Revenue between $555 - $595 million
- Diluted GAAP earnings per share between $0.27 - $0.35
- Diluted non-GAAP earnings per share between $0.33 - $0.41
- Guidance considers all known constraints for the quarter.
- Guidance assumes no material changes to end market conditions due to COVID-19.
Challenges Ahead
- Guidance takes into consideration all known constraints for the quarter.
- Guidance assumes no further significant interruptions to our supply base, operations or customers.
- Restructuring charges are expected to range between $0.8 million and $1.2 million in the third quarter
- Amortization of intangibles is expected to be $1.7 million in the third quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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