Benchmark's Profits, Sales Down PDF Print E-mail
Tuesday, 05 February 2008 09:58
ANGLETON, TX – Benchmark Electronics reported quarterly profits fell 24% on a 3% drop in sales for the period ended Dec. 31.

During the quarter, sales fell to $735 million and net income was $21 million. Benchmark took $4 million worth of restructuring and other one-time charges.

For the year, sales were flat at $2.9 billion. Net income fell 15.2% to $93 million. Excluding restructuring and other charges, the company’s non GAAP income was $98 million.

For the quarter, operating margin was 3% on a GAAP basis and 3.7% on a non GAAP basis. Cash flow from operations was $59 million. The company had cash and short-term investments of $382 million as of Dec. and outstanding debt of $13 million. Days sales outstanding were 60, and inventory turns were 7.6 times.

For 2008, Benchmark guided for revenue growth of 5 to 8%, with first quarter sales between $700 million and $725 million.

Chief executive Cary T. Fu said, "We are delighted to have the heavy lifting behind us. We are on an excellent pathway for increased business from new and existing customers in 2008.”
Last Updated on Tuesday, 05 February 2008 09:59
 

Columns

Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

Read more...
 
The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.

Read more...
 

Features

Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Read more...
 
Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

Techspray Introduces Fine-L-Kote High Viscosity AR Conformal Coating
Fine-L-Kote high viscosity AR acrylic conformal coating reportedly widens the process window and flexibility. Can use as-is for dipping or thin down for spray systems. Is for selective spray systems...