Standard of Excellence: Delivering Excellence—A Daily Goal
Knocking Down the Bone Pile: Tin Whisker Mitigation in Aerospace Applications, Part 3
The Knowledge Base: Building the Workforce of Tomorrow With EMAC
Benchmark Reports Q4, Fiscal Year 2024 Results
February 3, 2025 | Benchmark Electronics Inc.Estimated reading time: 1 minute
Benchmark Electronics, Inc. announced financial results for the fourth quarter and year ended December 31, 2024.
Fourth quarter 2024 results:
- Revenue of $657 million with year-over-year growth in Semi-Cap, A&D and Industrials offset by anticipated weakness in Medical and AC&C
- GAAP and non-GAAP gross margin of 10.3% and 10.4%
- GAAP and Non-GAAP operating margin of 4.3% and 5.1%
- GAAP and non-GAAP earnings per share of $0.50 and $0.61
- Delivered 7thconsecutive quarter of positive Free Cash Flow
Full year 2024 results:
- Revenue of $2.7 billion driven by strength in Semi-Cap and A&D
- GAAP and non-GAAP gross margin of 10.2%, up 70 and 60 basis points year-over-year
- GAAP and non-GAAP operating margin of 4.1% and 5.1%
- GAAP earnings per share of $1.72, with non-GAAP earnings of $2.29
- Delivered $156 million in Free Cash Flow
“The past year has reinforced that our strategy is working, as we have continued to drive margin expansion and free cash flow generation. Our demonstrated execution across cycles gives me confidence in our ability to continue to drive value for our stakeholders,” said Jeff Benck, Benchmark’s President and CEO.
Benck continued: “We will continue to focus on maintaining financial discipline during this dynamic environment, while strategically investing in our future growth. To that end, we are breaking ground on our fourth building in Penang, Malaysia in support of our ongoing momentum in the Semiconductor Capital Equipment sector.”
First Quarter 2025 Guidance
- Revenue between $620 million - $660 million
- Diluted GAAP earnings per share between $0.34 - $0.40
- Diluted non-GAAP earnings per share between $0.48 - $0.54
- Non-GAAP earnings per share guidance excludes stock-based compensation expense of approximately $4.5 million and other non-operating expenses of $2.6 million to $2.8 million which includes restructuring, amortization of intangibles and other expenses.
Share on:
Suggested Items
MKS Instruments Reports Q1 2025 Financial Results
05/16/2025 | Globe NewswireMKS Instruments, Inc., a global provider of enabling technologies that transform our world, today reported first quarter 2025 financial results.
indie Semiconductor Reports Q1 2025 Results
05/13/2025 | BUSINESS WIREindie Semiconductor, Inc., an automotive solutions innovator, today announced first quarter results for the period ended March 31, 2025. Q1 revenue was up 3.3 percent year-over-year to $54.1 million with Non-GAAP gross margin of 49.5 percent. On a GAAP basis, first quarter 2025 operating loss was $38.9 million compared to $49.6 million a year ago.
Fabrinet Announces Q3 Fiscal Year 2025 Financial Results
05/12/2025 | FabrinetFabrinet, a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, announced its financial results for its third fiscal quarter ended March 28, 2025.
KLA Reports Fiscal 2025 Q3 Results
05/02/2025 | PRNewswireKLA Corporation announced financial and operating results for its third quarter of fiscal year 2025, which ended on March 31, 2025, and reported GAAP net income of $1.09 billion and GAAP net income per diluted share of $8.16 on revenues of $3.06 billion.
TTM Technologies Reports Q1 2025 Results
05/01/2025 | Globe NewswireTTM Technologies, Inc., a leading global manufacturer of technology solutions, including mission systems, radio frequency (RF) components, RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (PCBs) reported results for the first quarter 2025, which ended on March 31, 2025.