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Sep 30, 2024
Benchmark Q3 2024 Earnings Report
Benchmark's Q3 2024 financial results were announced, showcasing revenue and earnings performance.
Key Takeaways
Benchmark Electronics reported Q3 2024 revenue of $658 million and GAAP EPS of $0.42. The company's non-GAAP operating margin expanded for the 16th consecutive quarter on a year-over-year basis, and it delivered $245 million of positive free cash flow over the last 12 months.
Revenue reached $658 million.
Net cash provided by operations was $39 million, with a free cash flow of $29 million.
GAAP and non-GAAP gross margin were 10.1% and 10.2%, respectively.
GAAP and non-GAAP earnings per share were $0.42 and $0.57, respectively.
Revenue by Segment
Forward Guidance
The company expects revenue between $640 million and $680 million, diluted GAAP earnings per share between $0.40 and $0.46, and diluted non-GAAP earnings per share between $0.53 and $0.59 for the fourth quarter of 2024.
Positive Outlook
- Revenue between $640 million - $680 million
- Diluted GAAP earnings per share between $0.40 - $0.46
- Diluted non-GAAP earnings per share between $0.53 - $0.59
- Stock-based compensation expense is expected to be $3.5 million.
- Amortization of intangible assets is expected to be $1.2 million.
Challenges Ahead
- Non-GAAP earnings per share guidance excludes stock-based compensation expense.
- Non-GAAP earnings per share guidance excludes amortization of intangible assets.
- Non-GAAP earnings per share guidance excludes restructuring charges and other costs.
- Restructuring and other charges are expected to be approximately $1.0 million.
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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