BENCHMARK ELECTRONICS INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
BHE$63.64+0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
| Three Months EndedMarch 31, | ||
|---|---|---|
| (in thousands, except per share data) | 2024 | 2023 |
| Sales | $675,575 | $694,695 |
| Cost of sales | 608,167 | 630,737 |
| Gross profit | 67,408 | 63,958 |
| Selling, general and administrative expenses | 37,332 | 38,198 |
| Amortization of intangible assets | 1,204 | 1,592 |
| Restructuring charges and other costs | 3,343 | 1,426 |
| Income from operations | 25,529 | 22,742 |
| Interest expense | (7,245) | (6,450) |
| Interest income | 1,992 | 1,258 |
| Other expense, net | (1,177) | (2,165) |
| Income before income taxes | 19,099 | 15,385 |
| Income tax expense | 5,097 | 3,025 |
| Net income | $14,002 | $12,360 |
| Earnings per share: | ||
| Basic | $0.39 | $0.35 |
| Diluted | $0.38 | $0.35 |
| Weighted-average number of shares outstanding: | ||
| Basic | 35,810 | 35,336 |
| Diluted | 36,401 | 35,592 |
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