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Jun 30, 2024
Benchmark Q2 2024 Earnings Report
Benchmark's Q2 2024 financial results were announced, demonstrating consistent progress toward achieving longer-term operational objectives.
Key Takeaways
Benchmark Electronics reported revenue of $666 million, GAAP EPS of $0.43, and non-GAAP EPS of $0.57 for Q2 2024. The company generated $56 million in net cash from operations and $47 million in free cash flow. They anticipate free cash flow to exceed $120 million in fiscal year 2024.
Revenue reached $666 million.
Net cash provided by operations totaled $56 million, with free cash flow at $47 million.
GAAP and non-GAAP gross margin both stood at 10.2%.
GAAP and non-GAAP earnings per share were $0.43 and $0.57, respectively.
Revenue by Segment
Forward Guidance
The company expects revenue between $630 million and $670 million and diluted GAAP earnings per share between $0.36 and $0.42 for Q3 2024. They also anticipate diluted non-GAAP earnings per share between $0.52 and $0.58.
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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