Standard of Excellence: Speed vs. Quality in Customer Service
Knocking Down the Bone Pile: Revamp Your Components with BGA Reballing
Global Sourcing Spotlight: Balancing Speed and Flexibility Without Sacrificing Control
Benchmark Electronics Reports Revenue of $603 Million in 1Q19
April 26, 2019 | PRNewswireEstimated reading time: 1 minute
Benchmark Electronics, Inc. has announced financial results for the first quarter ended March 31, 2019.
Jeff Benck, Benchmark's president and CEO stated, "We delivered a solid first quarter with revenue and earnings in line with our expectations. Revenues were up year-over-year in our targeted A&D, medical, and telecommunications markets and non-GAAP gross margins increased 40 bps sequentially to 8.8%."
"Since joining Benchmark Electronics, I have visited several of our facilities and have experienced first-hand our unique and differentiated capabilities. I am excited by the talent of our employees across the business and the dedication they bring to solving our customers' most challenging problems. Our advanced design and manufacturing services as well as technology solutions provide a strong foundation for innovation and industry excellence as we enable our customers' new product ideas. Looking ahead, we remain focused on capturing opportunities to grow our revenue, expand our operating margins, and create long-term value for our shareholders."
Higher-value markets were down 8% year-over-year from softer demand in Test & Instrumentation (primarily semi-capital equipment). Traditional market revenues were up 14% year-over-year primarily from higher Computing revenues.
First Quarter 2019 Bookings Update
- New program bookings of $161 million at the midpoint of projected annualized revenue.
- 20 engineering awards supporting early engagement opportunities.
- 34 manufacturing wins across all market sectors.
- The Company projects that new program bookings for the first quarter will result in annualized revenue of $134 to $188 million when fully launched in the next 12-24 months, medical up to 36 months.
- Second Quarter 2019 Outlook:
- Revenue between $555 - $585 million.
- Diluted GAAP earnings per share between $0.15 - $0.25.
- Diluted non-GAAP earnings per share between $0.28 - $0.36 (excluding restructuring charges and other costs and amortization of intangibles).
About Benchmark Electronics, Inc.
Benchmark is a worldwide provider of innovative product design, engineering services, technology solutions and advanced manufacturing services. From initial product concept to volume production, including direct order fulfillment and aftermarket services, Benchmark has been providing integrated services and solutions to original equipment manufacturers since 1979. Today, Benchmark proudly serves the following industries: aerospace and defense, medical technologies, complex industrials, test and instrumentation, next-generation telecommunications and high-end computing. Benchmark's global operations network includes facilities in eight countries and common shares trade on the New York Stock Exchange under the symbol BHE.
Share on:
Testimonial
"Advertising in PCB007 Magazine has been a great way to showcase our bare board testers to the right audience. The I-Connect007 team makes the process smooth and professional. We’re proud to be featured in such a trusted publication."
Klaus Koziol - atgSuggested Items
productronica 2025: iTAC Presents AI-supported Knowledge Platform for Connected Production
10/29/2025 | iTAC Software AGIn modern manufacturing facilities, valuable knowledge is stored in systems, documents, and the minds of employees – often fragmented, isolated, and not centrally available.
LPKF Delivers Key Strategic Technology to Fraunhofer's Glass Panel Technology Group
10/29/2025 | LPKFLPKF Laser & Electronics SE is one of the initiators of the Glass Panel Technology Group (GPTG), a consortium encompassing the entire process chain for advanced semiconductor packaging with glass substrates.
GrayMatter Robotics Awarded AFWERX Direct-to-Phase II SBIR Contract for Advanced Robotic Finishing System
10/29/2025 | GrayMatter RoboticsGrayMatter Robotics has received a Small Business Innovation Research (SBIR) Direct to Phase II (D2P2) contract from AFWERX, the innovation arm of the Department of the Air Force, to develop robotic technology to reduce optical distortion and defects on acrylic and polycarbonate structures.
Unlocking the Promise of AI in Electronic Manufacturing
10/29/2025 | Shobhit Agrawal, Keysight TechnologiesThe electronics manufacturing industry is rapidly evolving as more complicated products are introduced in the production lines, which require technological advancements even in the production processes. The requirements for production that is efficient, product quality that is greater, and product life cycles that are shorter are more crucial than ever before. In the electronic device life cycle, from design to maintenance, test phases have a significant impact on the economy of the company. Test processes are closely linked to the production volume and impacted by the complexity of the product. For businesses to maintain their competitive edge, they need to adopt innovative solutions and redefine processes.
China Plus One: Vietnam and Thailand Manufacturing Solutions
10/28/2025 | Marcy LaRont, PCB007 MagazineU.S. electronics manufacturing companies are weighing the “China Plus One” solution as they strategize how best to mitigate the ever-increasing pressures and costs of manufacturing in China. Several global markets, particularly Thailand and Vietnam, are seeing significant growth in their sectors. This article breaks down the pros and cons of each market, including a look at U.S. tariffs and how each country is addressing a significant skilled labor gap to support their electronics manufacturing goals.