Benchmark Electronics’ Q4 Revenue Up 13% PDF Print E-mail
Written by Chelsey Drysdale   
Monday, 04 February 2013 12:24

ANGLETON, TXBenchmark Electronics reported fourth-quarter revenue of $634 million, up 13% year-over-year, and up 4% sequentially.

Net income for the quarter was $18 million, up from $3 million in the fourth quarter of 2011, and down 5.3% sequentially.

For full-year 2012, net sales were $2.5 billion, up 9.5% year-over-year.

Net income for the year was $57 million, up 9.6% compared to 2011.

Thailand flood related charges included $3 million of insurance recoveries in excess of previously recognized inventory and property, plant and equipment losses offset by costs directly attributable to the flood. Thailand flood insurance recoveries included $1 million for property, plant and equipment losses and $2 million for inventory losses.

The electronics manufacturer expects first-quarter 2013 revenues between $530 million and $560 million.

 

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