-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueCounterfeit Concerns
The distribution of counterfeit parts has become much more sophisticated in the past decade, and there's no reason to believe that trend is going to be stopping any time soon. What might crop up in the near future?
Solder Printing
In this issue, we turn a discerning eye to solder paste printing. As apertures shrink, and the requirement for multiple thicknesses of paste on the same board becomes more commonplace, consistently and accurately applying paste becomes ever more challenging.
A Culture of Thriving
One cannot simply command thriving; it must be nurtured, developed, and encouraged. In this issue, we explore strategies to improve your working relationship model—both internally and externally. In this culture of thriving, your business will grow in the process.
- Articles
- Columns
Search Console
- Links
- Media kit
||| MENU - smt007 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
Element Solutions Announces Q3 2024 Financial Results
10/29/2024 | BUSINESS WIRENet sales of $645 million, an increase of 8% on a reported basis or 6% on an organic basis from the third quarter of 2023
TPCA Signs MOU to Boost Thai PCB Industry Talent Development
10/28/2024 | TPCAAt the 2024 TPCA Show, the Taiwan Printed Circuit Association (TPCA) signed a Memorandum of Understanding (MOU) with four major Thai institutions to enhance talent development in Thailand's growing PCB sector.
Plexus Announces Fiscal Q4 and Fiscal Year 2024 Financial Results
10/28/2024 | PlexusPlexus Corp. announced financial results for our fiscal fourth quarter and fiscal year ended September 28, 2024, and guidance for our fiscal first quarter 2025 ending December 28, 2024. Reports fiscal fourth quarter 2024 revenue of $1.05 billion, GAAP operating margin of 5.1% and GAAP diluted EPS of $1.48.
iNEMI End-of-Project Webinar: Investigation of AI Enhancement to AOI for PCBA
10/25/2024 | iNEMIAutomated optical inspection (AOI) systems are essential in electronic manufacturing for ensuring the quality of printed circuit board assemblies (PCBAs).
Mature Process Capacity to Grow 6% in 2025; Chinese Foundries Lead Expansion
10/25/2024 | TrendForceThe latest investigations by TrendForce reveal that Chinese foundries are set to drive the bulk of mature process capacity growth in 2025, thanks to China’s domestic IC substitution policies. It is estimated that the capacity of the world’s top 10 mature process foundries will increase by 6% in 2025, though pricing pressures will persist.