Benchmark Q4 revenue $657M, GAAP EPS $0.50; guides Q1 revenue $620-660M

BENCHMARK ELECTRONICS INC

2024-FY EPS reported $1.72 revenue$2,656,105,000

Q4 revenue $657M, down 5% YoY; Semi-Cap and A&D grew, Medical and AC&C declined.
GAAP EPS $0.50 (vs $0.49 YoY); non-GAAP EPS $0.61 (vs $0.65). Full-year GAAP EPS $1.72, non-GAAP $2.29.
Q1 2025 guidance: revenue $620-660M, GAAP EPS $0.34-0.40, non-GAAP EPS $0.48-0.54.
Free cash flow $156M in FY2024; cash conversion cycle improved to 89 days from 98 a year ago.
Breaking ground on fourth Penang building to support Semiconductor Capital Equipment growth.

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