-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueTechnology Roadmaps
In this issue of PCB007 Magazine, we discuss technology roadmaps and what they mean for our businesses, providing context to the all-important question: What is my company’s technology roadmap?
Wet Process Control
In this issue, we examine wet processes and how to obtain a better degree of control that allows usable data to guide our decisions and produce consistently higher-quality products.
Don’t Just Survive, Thrive
If we are to be relevant and prosper during these next critical decades in electronics, we must do more than survive. As an industry, we can and must thrive. In this issue, our contributors explore these concepts meant to help you take your business to the next level.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
Benchmark Reports Q2 2024 Results
July 31, 2024 | BenchmarkEstimated reading time: 1 minute
Benchmark Electronics, Inc. announced financial results for the second quarter ended June 30, 2024. Additionally, the company's Board of Directors have authorized an increase in the quarterly dividend from $0.165 to $0.17 per share, effective immediately.
Second quarter 2024 results:
- Revenue of $666 million
- Generated net cash provided by operations of $56 million and positive free cash flow of $47 million
- GAAP and non-GAAP gross margin of 10.2%
- GAAP and non-GAAP operating margin of 4.1% and 5.1%, respectively
- GAAP and non-GAAP earnings per share of $0.43 and $0.57, respectively
"Once again Benchmark delivered solid results, demonstrating consistent progress toward achieving our longer-term operational objectives," said Jeff Benck, Benchmark's President and CEO.
Benck continued, "While market uncertainty persists across a number of our sectors, we remain focused on executing for our customers while protecting margins, driving down inventories and delivering positive free cash flow, which we now expect to exceed $120 million in fiscal year 2024."
Third Quarter 2024 Guidance
- Revenue between $630 million - $670 million
- Diluted GAAP earnings per share between $0.36 - $0.42
- Diluted non-GAAP earnings per share between $0.52 - $0.58
- Non-GAAP earnings per share guidance excludes stock-based compensation expense, restructuring charges and other costs, and amortization of intangible assets.
In the third quarter of 2024, restructuring charges are expected to be approximately $1.0 million, stock-based compensation expense is expected to be $4.5 million and the amortization of intangible assets is expected to be $1.2 million.
Suggested Items
AI to Boost Wafer Foundry Market by 20%
09/19/2024 | TrendForceTrendForce posits that the wafer foundry market is expected to see a recovery in 2025, with an estimated annual growth of 20%—up from 16% in 2024.
GPV Exhibits at Electronica 2024
09/19/2024 | GPVFrom 12 to 15 November 2024, GPV participates at Electronica in Munich, Germany. Find us in Hall A1, stand no. 115.
KYZEN to Feature AQUANOX A4618 and KYZEN SLV901 at SMTA Empire Expo and Tech Forum
09/18/2024 | KYZEN'KYZEN, the global leader in innovative environmentally responsible cleaning chemistries, will exhibit at the SMTA Empire Expo and Tech Forum, scheduled to take place Thursday, September 26 at the DoubleTree by Hilton in Syracuse, NY.
Altus Hosts Record-Breaking 'Factory of the Future' Event
09/17/2024 | Altus GroupAltus Group, a leading distributor of capital equipment in the UK and Ireland, in partnership with Fuji Corp., recently held its second ‘Factory of the Future’ event at the Advanced Manufacturing Technology Centre (AMTC) in Coventry.
Japan International Aerospace Exhibition 2024: Japan's Largest Comprehensive Aerospace Industry Exhibition
09/17/2024 | ACN NewswireThe Society of Japanese Aerospace Companies and Tokyo Big Sight Inc. are proud to announce the Japan International Aerospace Exhibition 2024, to be held over four days from October 16 (Wed.) to October 19 (Sat.), 2024, at Tokyo Big Sight (3-11-1 Ariake, Koto-ku, Tokyo).