secwatch.observer — SEC 8-K summary
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Issuer:     BENCHMARK ELECTRONICS INC (BHE)
CIK:        0000863436
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-051331
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Benchmark Q1 revenue down 2.7% YoY to $676M; non-GAAP EPS $0.55, guides Q2 below Q1
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- Revenue $676M, -2.7% YoY from $695M; GAAP EPS $0.38 vs $0.35 YoY.
- Non-GAAP EPS $0.55 vs $0.51 YoY; operating margin GAAP 3.8%, non-GAAP 4.9%, both improved YoY.
- Cash conversion cycle improved to 94 days from 109 days YoY; generated $48M operating cash flow, $43M free cash flow.
- Sector mix: Semi-Cap 25%, A&D 16% grew; Medical 17% and Next-Gen Comm 8% declined.
- Q2 2024 guidance: revenue $615-655M, GAAP EPS $0.32-0.38, non-GAAP EPS $0.48-0.54.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863436/000095017024051331/0000950170-24-051331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863436/000095017024051331/bhe-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-051331

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer