Benchmark Reports 35% Increase in Quarterly Revenues
TEMPE, AZ — Benchmark reported that it saw revenues of $772 million for the third quarter, marking year-over-year growth of 35%.
The company's higher-value market revenues were up 29% year-over-year from strength in the Industrials, Medical and Semi-Cap sectors. Traditional market revenues were up 60% year-over-year from strength in both Computing and Telecommunications sectors. For the last quarter of the year, Benchmark anticipates revenues between $760 million and $800 million.
"Despite the well-known challenges with which we and the industry have had to navigate, Benchmark continues to execute on its strategy. Our third quarter results achieved the important financial targets within our mid-term model," said Jeff Benck, Benchmark's president and CEO. "Our third quarter results demonstrated another solid quarter of revenue growth, with five of our six targeted sectors growing more than 35% year-over-year. This has enabled us to drive non-GAAP earnings growth of more than 46% over the same period."
