ANGLETON, TX – Contract manufacturer Benchmark Electronics Inc. reported first-quarter net income of $22.6 million, down about 8% year-over-year.
Sales for the quarter were $684.3 million, down 9% compared to the first quarter last year.
The company expects second-quarter revenue of $715 million to $750 million.
Benchmark now expects 2008 revenue to grow modestly between 2% and 5%.