Benchmark Electronics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 04:07 pm EDT
Share
Benchmark Electronics, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 719.7 million compared to USD 771.58 million a year ago. Net income was USD 20.41 million compared to USD 18.83 million a year ago. Basic earnings per share from continuing operations was USD 0.57 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 0.53 a year ago.
For the nine months, sales was USD 2,147.62 million compared to USD 2,135.69 million a year ago. Net income was USD 46.76 million compared to USD 47.01 million a year ago. Basic earnings per share from continuing operations was USD 1.32 compared to USD 1.34 a year ago. Diluted earnings per share from continuing operations was USD 1.3 compared to USD 1.32 a year ago.
Benchmark Electronics, Inc. provides comprehensive solutions across the entire product life cycle through its technology and engineering design services, leveraging its global supply chain and delivering manufacturing services in various industries. The Company provides advanced manufacturing services (electronic manufacturing services (EMS) and precision technology (PT) services), which includes design and engineering services and technology solutions. Its specialization in packaging and interconnect technologies include printed circuit board assembly (PCBA) and test, component engineering services, systems assembly and test, and failure analysis. The Company offers complex PT services, including full electromechanical assembly and test services. Its design and engineering services and technology solutions include new product design, prototype, testing and related engineering services; custom test and automation equipment design and build services, and technology solutions.