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Sep 30, 2023
Benchmark Q3 2023 Earnings Report
Benchmark's Q3 2023 results were reported, demonstrating revenue of $720 million and GAAP operating income of $30 million.
Key Takeaways
Benchmark Electronics reported strong Q3 2023 results, with revenue reaching $720 million and GAAP operating income increasing by 20% year-over-year to $30 million. The company's focus on high-complexity growth opportunities and operational improvements drove the positive performance.
Revenue reached $720 million.
GAAP operating income was $30 million, a 20% increase year-over-year.
Non-GAAP operating income was $34 million, a 22% increase year-over-year.
GAAP and non-GAAP earnings per share were $0.57.
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 $675 and $725 million and diluted GAAP earnings per share between $0.49 and $0.55 for Q4 2023.
Positive Outlook
- Revenue between $675 - $725 million
- Diluted GAAP earnings per share between $0.49 - $0.55
- Diluted non-GAAP earnings per share between $0.54 - $0.60
- Restructuring charges are expected to range between $0.8 million and $1.2 million
- Amortization of intangibles is expected to be $1.2 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income