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Dec 31, 2021
Benchmark Q4 2021 Earnings Report
Delivered 10% annual revenue growth.
Key Takeaways
Benchmark Electronics reported strong Q4 2021 results, exceeding revenue and earnings guidance. Revenue reached $633 million, with significant growth in Semi-Cap and Industrials sectors. GAAP EPS was $0.35 and non-GAAP EPS was $0.48.
Revenue of $633 million
Semi-Cap revenue growth of 22% quarter-over-quarter
Industrials revenue growth of 15% quarter-over-quarter
GAAP diluted EPS of $0.35 and non-GAAP diluted EPS of $0.48
Benchmark
Benchmark
Benchmark Revenue by Segment
Revenue by Segment
Semi-Cap Revenue
CapyFin.comIndustrial Revenue
CapyFin.comA&D Revenue
CapyFin.comMedical Revenue
CapyFin.com Forward Guidance
For the first quarter of 2022, Benchmark anticipates revenue between $565 - $605 million, diluted GAAP earnings per share between $0.21 - $0.27, and diluted non-GAAP earnings per share between $0.32 - $0.38.
Positive Outlook
- Revenue between $565 - $605 million
- Diluted GAAP earnings per share between $0.21 - $0.27
- Diluted non-GAAP earnings per share between $0.32 - $0.38
- Guidance considers all known constraints for the quarter
- Guidance assumes no material changes to end market conditions due to COVID
Challenges Ahead
- Restructuring charges are expected to range between $3.0 million and $3.5 million
- Amortization of intangibles is expected to be $1.6 million
- Assumes no further significant interruptions to our supply base
- Assumes no further significant interruptions to operations
- Assumes no further significant interruptions to customers
Revenue & Expenses
Visualization of income flow from segment revenue to net income