Benchmark Electronics Reports Q3 Income Decline
Benchmark Electronics Inc has reported a decline in its net income for the third quarter of this year compared to the same period in the previous year.
Financial Overview of Benchmark Electronics
The company posted a profit of $14.26 million, translating to earnings of $0.39 per share. This is a decrease from $15.37 million, or $0.42 per share, reported in the third quarter of last year.
Adjusted Earnings and Revenue Growth
When excluding specific items, the adjusted earnings amounted to $19.99 million, or $0.55 per share.
In contrast, Benchmark’s revenue grew by 3.5%, reaching $680.67 million, compared to $657.74 million the previous year.
Key Financial Metrics
| Metric | This Year | Last Year |
|---|---|---|
| Earnings | $14.26 million | $15.37 million |
| EPS | $0.39 | $0.42 |
| Revenue | $680.67 million | $657.74 million |
Future Guidance
Looking ahead, Benchmark Electronics has provided guidance for the next quarter. The projected earnings per share are expected to be between $0.62 and $0.68. Revenue forecasts range from $670 million to $720 million.
This performance underscores the challenges and opportunities facing Benchmark Electronics as it navigates the evolving market landscape. Investors will be closely monitoring these projections to gauge the company’s potential growth.
