earnings
confidence high
sentiment neutral
materiality 0.60
Benchmark Q3 revenue $658M (-9% YoY), non-GAAP EPS $0.57; guides Q4 rev $640-680M
BENCHMARK ELECTRONICS INC
2024-Q3 EPS reported
$1.23
revenue$1,999,218,000
- GAAP EPS $0.42, non-GAAP EPS $0.57 (vs $0.57 and $0.65 in Q3 2023); GAAP operating margin 4.3%, non-GAAP 5.3%.
- 16th consecutive quarter of year-over-year non-GAAP operating margin expansion; cash conversion cycle improved to 90 days from 105 YoY.
- Generated $245M free cash flow over trailing 12 months; net cash from operations $39M in Q3.
- Semi-Cap sector revenue grew to 28% of total (23% YoY); Medical fell to 16% from 21% YoY.
- Q4 2024 guidance: revenue $640-680M, GAAP EPS $0.40-0.46, non-GAAP EPS $0.53-0.59.