NYSE$BHE
Benchmark Electronics Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Benchmark's financial performance for Q1 2023 was reported, demonstrating growth across various sectors.
Benchmark Electronics reported a 9% year-over-year increase in revenue, driven by strong growth in Advanced Computing, Medical, and Next Generation Communications sectors. The company's GAAP operating income and EPS also saw significant increases compared to the previous year.
- Revenue increased by 9% year-over-year, reaching $695 million.
- Advanced Computing sector experienced substantial growth of 74%.
- GAAP operating income rose by 48% year-over-year to $23 million.
- GAAP diluted EPS increased by 13% year-over-year, reaching $0.35.
Headline financials
Revenue & EPS history
Benchmark · Revenue · Quarterly
$695M
Revenue by segment
Benchmark · $430M total across 3 segments · Q1 2023
- Semi-Cap$149M-18.6%34.7%
- Industrials$144M+5.1%33.5%
- Medical$137M+17.1%31.9%
Forward guidance
The company expects revenue between $670 million and $710 million and diluted GAAP earnings per share between $0.35 and $0.41 for the second quarter of 2023.
Tailwinds
- Revenue between $670 - $710 million
- Diluted GAAP earnings per share between $0.35 - $0.41
- Diluted non-GAAP earnings per share between $0.43 - $0.49
- Guidance takes into consideration all known constraints for the quarter
- Guidance assumes no further significant interruptions to our supply base, operations or customers
Headwinds
- Restructuring charges are expected to range between $1.8 million and $2.2 million in the second quarter
- Amortization of intangibles is expected to be $1.6 million in the second quarter.
- Customer demand fluctuations
- Supply chain constraints
- Continued inflationary pressures
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.3%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+2.7%
Avg return
30 days after
54%
37 / 69 earnings
Positive
+18.4%
Q1 2024
Best reaction
-18.1%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.2% | +16.8% | +16.6% | |
| Q4 2025 | +3.8% | +5.0% | -5.6% | |
| Q3 2025 | +8.1% | +4.7% | +9.2% | |
| Q2 2025 | -2.5% | -0.4% | +3.4% | |
| Q1 2025 | -15.0% | -9.3% | -4.6% | |
| Q4 2024 | -3.2% | -6.3% | -9.0% | |
| Q3 2024 | -4.3% | -0.2% | +7.2% | |
| Q1 2024 | +18.4% | +26.0% | +42.6% | |
| Q4 2023 | +7.0% | +9.0% | +12.9% | |
| Q3 2023 | +3.7% | +4.3% | +9.9% | |
| Q2 2023 | +2.5% | +0.6% | -1.5% | |
| Q1 2023 | -1.6% | -4.1% | +12.5% | |
| Q4 2022 | -11.5% | -10.9% | -14.1% | |
| Q3 2022 | -6.8% | -2.1% | -1.6% | |
| Q2 2022 | +3.4% | +2.4% | +1.3% | |
| Q1 2022 | -2.7% | +0.1% | +3.3% | |
| Q4 2021 | +4.0% | +0.7% | +5.8% | |
| Q3 2021 | -9.6% | -6.4% | -5.9% | |
| Q2 2021 | +7.5% | +5.8% | +8.7% | |
| Q1 2021 | +0.1% | +2.4% | +2.4% | |
| Q4 2020 | +1.9% | +3.8% | +10.3% | |
| Q3 2020 | +0.6% | +4.6% | +22.8% | |
| Q2 2020 | +1.7% | +4.2% | +1.5% | |
| Q1 2020 | -6.6% | -10.2% | -4.2% | |
| Q4 2019 | -13.9% | -18.4% | -4.1% | |
| Q3 2019 | +2.7% | +10.5% | +6.2% | |
| Q2 2019 | +5.5% | +6.6% | +3.2% | |
| Q1 2019 | -8.7% | -8.0% | -21.5% | |
| Q4 2018 | +3.5% | +3.6% | -1.6% | |
| Q3 2018 | -1.4% | +7.0% | +7.0% | |
| Q2 2018 | -18.1% | -18.4% | -12.7% | |
| Q1 2018 | -9.0% | -13.5% | -8.9% | |
| Q4 2017 | +4.8% | +4.5% | +14.0% | |
| Q3 2017 | -12.2% | -13.6% | -13.6% | |
| Q2 2017 | -2.3% | -0.7% | -7.9% | |
| Q1 2017 | +3.7% | +2.3% | +0.6% | |
| Q4 2016 | +7.9% | +5.9% | +1.6% | |
| Q3 2016 | +1.4% | +1.0% | +11.0% | |
| Q2 2016 | +2.0% | +3.2% | +6.0% | |
| Q1 2016 | -13.6% | — | — | |
| Q4 2015 | +4.0% | — | — | |
| Q3 2015 | -10.0% | — | — | |
| Q2 2015 | +5.6% | — | — | |
| Q1 2015 | -0.9% | — | — | |
| Q4 2014 | -9.0% | — | — | |
| Q3 2014 | +5.5% | — | — | |
| Q2 2014 | +2.8% | — | — | |
| Q1 2014 | -0.0% | — | — | |
| Q4 2013 | +2.7% | — | — | |
| Q3 2013 | +3.1% | — | — | |
| Q2 2013 | +3.3% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | +0.8% | — | — | |
| Q3 2012 | +2.2% | — | — | |
| Q2 2012 | +10.5% | — | — | |
| Q1 2012 | +7.6% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q2 2009 | -0.1% | — | — | |
| Q1 2009 | -0.1% | — | — | |
| Q3 2011 | -8.4% | — | — | |
| Q2 2011 | +0.5% | — | — | |
| Q1 2010 | +0.9% | — | — | |
| Q1 2011 | -0.7% | — | — | |
| Q4 2008 | +4.1% | — | — | |
| Q4 2010 | +4.1% | — | — | |
| Q3 2009 | -1.3% | — | — | |
| Q3 2010 | -1.3% | — | — | |
| Q2 2010 | -0.7% | — | — | |
| Q4 2009 | -0.7% | — | — |
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