TEMPE, AZ – Benchmark Electronics announced full-year revenue of $2.7 billion, down 3.7% from 2023's revenue.

For the fourth quarter, the company's revenue of $656.9 million marked a 5% year-on-year decline.

“The past year has reinforced that our strategy is working, as we have continued to drive margin expansion and free cash flow generation. Our demonstrated execution across cycles gives me confidence in our ability to continue to drive value for our stakeholders,” said Jeff Benck, Benchmark president and CEO.

For the first quarter, Benchmark expects revenue between $620 million and $660 million.