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Jun 30, 2022
Benchmark Q2 2022 Earnings Report
Benchmark's revenue increased, driven by growth across various sectors, and EPS saw significant year-over-year gains.
Key Takeaways
Benchmark Electronics reported strong second-quarter 2022 results, with revenue reaching $728 million, a 34% increase year-over-year. GAAP diluted EPS was $0.49, up 145% year-over-year, and non-GAAP diluted EPS was $0.50, up 85% year-over-year. The company's performance was driven by growth in the Medical, Industrials, and Computing sectors.
Revenue reached $728 million, reflecting a 34% year-over-year growth.
GAAP operating income increased by 110% year-over-year.
GAAP diluted EPS was $0.49, marking a 145% increase year-over-year.
The company anticipates continued momentum through the second half of 2022, supported by strong demand indicators and limited consumer exposure.
Revenue by Segment
Forward Guidance
The company expects revenue between $715 - $755 million and diluted GAAP earnings per share between $0.41 - $0.46 for Q3 2022. Diluted non-GAAP earnings per share are expected to be between $0.49 - $0.55, excluding restructuring charges and other costs and amortization of intangibles.
Positive Outlook
- Revenue between $715 - $755 million
- Diluted GAAP earnings per share between $0.41 - $0.46
- Diluted non-GAAP earnings per share between $0.49 - $0.55
- Guidance considers all known constraints for the quarter
- Guidance assumes no material impact due to COVID disruptions
Challenges Ahead
- Restructuring charges are expected to range between $1.6 million and $2.4 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
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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