Benchmark reports Q2 GAAP EPS $0.43, non-GAAP $0.57; raises dividend to $0.17

BENCHMARK ELECTRONICS INC

2024-Q1 EPS reported $0.81 revenue$1,341,471,000

Q2 revenue $666M; GAAP EPS $0.43, non-GAAP EPS $0.57; net cash from ops $56M.
Revenue down 9% YoY ($733M vs $666M); Semi-Cap and A&D sectors grew, others declined.
Quarterly dividend increased 3% from $0.165 to $0.17 per share, effective immediately.
Q3 guidance: revenue $630-670M, GAAP EPS $0.36-0.42, non-GAAP EPS $0.52-0.58.
Management expects FY2024 free cash flow >$120M; Q2 free cash flow $47M.

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