Benchmark Electronics Q4 revenue $691M, EPS $0.49; guides Q1 revenue $625-665M

BENCHMARK ELECTRONICS INC

2023-FY EPS reported $1.79 revenue$2,838,976,000

Q4 revenue $691M (down 8% YoY from $751M); GAAP EPS $0.49, non-GAAP EPS $0.58.
FY2023 revenue $2.839B (down 1.6% YoY); GAAP EPS $1.79, non-GAAP EPS $2.04; gross margin +70bps to 9.5%.
Generated Q4 free cash flow $126M; full year free cash flow $97M aided by inventory reductions.
Q1 2024 guidance: revenue $625-665M; GAAP EPS $0.32-0.38; non-GAAP EPS $0.42-0.48.
Sector: Next Gen Comms -35% YoY, Medical -13%; A&D +13% drove mix.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BENCHMARK ELECTRONICS INC reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On January 31, 2024, Benchmark Electronics, Inc. (the “Company”) issued a press release announcing its results of operations for the quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000950170-24-009400

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