Benchmark Electronics Reports Second Quarter Results
ANGLETON, Texas, July 23, 2015 /PRNewswire/ — Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the quarter ended June 30, 2015.
“Benchmark performed well, as evidenced by our 4.2% non-GAAP operating margin and revenue at the high end of our previously announced guidance range,” said Gayla Delly, Benchmark’s President and CEO. “Despite broad variability in end-market demand, consistent execution resulted in year-over-year revenue increases in the medical and testtest is test & instrumentation sectors where we have had strong new program bookings in the last 12 months. We also experienced higher demand during the quarter from computing and telecom customers.”
“Second quarter new program bookings should result in annualized revenue of $110-130 million when fully launched within the next 12-18 months. Bookings again aligned well with our focus on early engineering engagement and long-term manufacturing solutions for customers in both higher growth and traditional markets.”