ANGLETON, TX – Benchmark Electronics posted second-quarter net income of $15 million, a drop of 25% year-over-year.

The contract electronics manufacturer’s sales were $586 million, down a slight 0.5% compared to the same quarter in 2010.

"During the quarter…we incurred unexpected costs that had an unfavorable impact on our operating results. These were $3.1 million of settlement costs associated with the transfer of a major program and higher than expected new program ramp and capacity expansion costs. Revenues are expected to increase in the second half of 2011, as new business awards come on line," said Cary T. Fu, the company's CEO.

Sales for the third quarter are expected to range from $585 million to $620 million.

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