SMT Perspectives and Prospects: The AI Era, Part 3: LLMs, SLMs, and Foundation Models
‘Deepfake’ Components
Global Citizenship: Our Strength Comes From Working TogetherBenchmark Reports Q4, Fiscal Year 2023 Results
February 1, 2024 | BenchmarkEstimated reading time: 1 minute
Benchmark Electronics, Inc. announced financial results for the fourth quarter and year ended December 31, 2023. "Benchmark delivered another solid year of performance in 2023 as we continued to execute to our strategic plan. I'm particularly pleased with our free cash flow performance which was aided by inventory reductions. At the same time, our operational discipline allowed us to expand both gross and operating margin despite the dynamic environment," said Jeff Benck, Benchmark's President and CEO.
Benck continued, "Looking forward, we expect the current demand softness across several of our end-markets will likely persist through the first half of 2024, driven by customers closely managing inventories. However, as demonstrated by our performance this past year, I am confident in our ability to deliver further margin expansion and positive free cash flow in 2024."
Revenue decreased year over year primarily due to a decrease in Next Gen Communications of 35% and a decrease in Medical of 13%, partially offset by an increase in A&D of 13%.
First Quarter 2024 Guidance
- Revenue between $625 million - $665 million
- Diluted GAAP earnings per share between $0.32 - $0.38
- Diluted non-GAAP earnings per share between $0.42 - $0.48 (excluding restructuring charges and other costs and amortization of intangibles)
Restructuring charges are expected to range between $3.1 million and $3.5 million in the first quarter of 2024 and the amortization of intangibles is expected to be $1.2 million in the first quarter.
Share on:
Suggested Items
Zhen Ding Technology Reports Record Revenue and Profitability in Q3 2024
10/09/2024 | Zhen Ding TechnologyZDT achieved consolidated revenue of NTD 58.2 billion in Q3 2024, reflecting an impressive 28.3% year-over-year growth. This record-breaking performance was driven by strong demand across all of the company’s business segments, particularly in high-density interconnect (HDI) and rigid-flex PCBs.
Sales of Service Robots up 30% Worldwide
10/09/2024 | IFRSales of professional service robots increased by 30% worldwide. More than 205,000 units were registered by IFR's statistics department in 2023. Nearly 80% of the robots came from the Asia-Pacific region with 162,284 units sold. Europe followed with 33,918 units and the Americas with 8,927 units sold.
I-Connect007 Launches Latest Podcast Series: Meet the Author
10/09/2024 | I-Connect007In the first episode of our Meet the Author series, SMT007 Magazine’s Nolan Johnson hosts Julie Cliche-Dubois, product manager at Cogiscan, and Andres Luna, general manager at Univertools, who represents Cogiscan in Mexico. Julie is the author of the recently published book, "The Printed Circuit Assembler's Guide to... Factory Analytics.” In this episode, the group discusses the evolving role of data analytics, with an eye toward how analytics is driving meaningful action throughout the electronics manufacturing industry in Mexico and the rest of the Americas.
E3.series 2025 Improves Design Efficiency with More Than Fifty Enhancements
10/08/2024 | ZukenZuken announces the release of E3.series 2025, introducing enhancements to support the designs of complex wiring systems. From sheet area assignment automation to simplifying part placement, this release has more than 50 improvements to the functionality and COM interface, making designing more accessible, faster, and more flexible.
Foxconn Reports Strong September 2024 Revenue
10/07/2024 | FoxconnHon Hai Precision Industry Co., Ltd. (Foxconn) announced its unaudited consolidated revenue for September 2024, reaching NT$528.3 billion. This marks a 12.87% month-on-month increase and a 14.44% year-on-year growth, driven by robust performance across all major product lines.