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Sep 30, 2020
Benchmark Q3 2020 Earnings Report
Benchmark reported third quarter results with revenue of $526 million and non-GAAP EPS of $0.32.
Key Takeaways
Benchmark Electronics reported sequential revenue and earnings growth in the third quarter. The results were driven by improvement in Semi-cap and Aerospace and Defense sector.
Quarterly revenue of $526 million
Semi-Cap revenue growth of 45% year-over-year
Medical revenue growth of 5% year-over-year
Quarterly GAAP diluted EPS of $0.16 and non-GAAP diluted EPS of $0.32
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 $500 - $540 million and diluted GAAP earnings per share between $0.20 - $0.24 for Q4 2020.
Positive Outlook
- Stronger demand in Defense
- New programs in Defense
- Stronger demand in Industrials
- New programs in Industrials
- Stronger demand in Telecommunications
Challenges Ahead
- Declines in Medical
- Completing some of the incremental upside builds for COVID-19 related therapeutic equipment
- Known constraints due to COVID-19
- Assumes no further significant interruptions occur to supply base, operations, or customers
- Assumes no material changes to market conditions due to COVID-19
Revenue & Expenses
Visualization of income flow from segment revenue to net income