secwatch.observer — SEC 8-K summary
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Issuer:     BENCHMARK ELECTRONICS INC (BHE)
CIK:        0000863436
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000950170-24-009400
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863436/000095017024009400/0000950170-24-009400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863436/000095017024009400/bhe-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-009400

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