Global Citizenship: Cultivating Cross-border Partnerships With Integrity
Nolan’s Notes: Moving Forward With Confidence
The Knowledge Base: Beyond the Badge—Why Membership Matters More Than Ever
Benchmark Announces Updated First Quarter 2020 Outlook Due to COVID-19
March 18, 2020 | PR NewswireEstimated reading time: 1 minute
Benchmark Electronics Inc. today announced that the company will not achieve the first quarter 2020 financial guidance it previously provided on February 6, 2020, due to the impact from the novel coronavirus (COVID-19 outbreak). This updated outlook results primarily from the impact of the temporary shutdown of its plant in China due to COVID-19, supply chain and logistics interruptions from Asian suppliers impacted by the virus, and the emerging restrictions related to government regulations on its operations. Benchmark's factory in Suzhou China was proactive in working with the government to come back online five weeks ago and is now fully operational. The situation with COVID-19 continues to evolve rapidly, and the company is closely monitoring the impacts on its business. Benchmark expects to provide more information during its next earnings call in April.
Jeff Benck, Benchmark president and CEO, commented, "Our deepest sympathies go out to those who have been impacted by the COVID-19 outbreak. The health and well-being of Benchmark employees, customers, partners and our communities in which we operate are of the utmost importance. Benchmark is following all government guidelines and taking precautionary steps to protect our global organization. Since this crisis has emerged, the Benchmark team has risen to the challenge to support our customers. The extraordinary efforts of our team members are deeply appreciated."
Share on:
Suggested Items
PMGC Holdings Signs Letter of Intent to Acquire Profitable U.S.-Based Electronics Manufacturing Company
06/10/2025 | Globe NewswirePMGC Holdings Inc., a diversified public holding company, is pleased to announce the signing of a non-binding Letter of Intent (LOI) to acquire a U.S.-based, cash-flow positive electronics contract manufacturing company with over 40 years of operational history.
VeriSilicon’s AI-ISP Custom Chip Solution Enables Mass Production of Customer’s Smartphones
06/09/2025 | BUSINESS WIREVeriSilicon recently announced that its AI-ISP custom chip solution has been successfully adopted in a customer’s mass-produced smartphones, reaffirming the company’s comprehensive one-stop custom silicon service capabilities in AI vision processing.
IMI Signs Share Purchase Agreement to Sell Its Czech Republic Manufacturing Site
06/06/2025 | IMIIntegrated Micro-Electronics Inc (IMI), through its wholly-owned subsidiary, Coöperatief IMI Europe U.A., has signed a share purchase agreement to sell 100% of the shares in IMI Czech Republic (IMI CZ) to KEBODA Deutschland GmbH & Co. KG, a subsidiary of Keboda Technology Co., Ltd. (Keboda), a publicly listed company in China.
Technica Expands into Emerging Printed Electronics and Advanced Coatings Markets
06/04/2025 | Technica USATechnica is expanding its product portfolio with Agfa’s advanced line of Orgacon conductive coatings. The Orgacon products are a natural complement to Technica’s existing solutions and will allow the company to deliver greater value to customers in these markets.
Freedom CAD: New Leadership Ready for the Future
06/05/2025 | Andy Shaughnessy, Design007Over the past year, Freedom CAD has seen a changing of the guard as many familiar faces retire and hand the reins to the next generation of leaders. At PCB East, I met with Brian White, the new president and CEO, and Geoffrey Hazelett, the business development executive who was hand-picked by the outgoing Scott McCurdy. I asked them to walk us through this shift in leadership and what it means to the company and its customers.