BENCHMARK ELECTRONICS INC
For the period ended Jun 30, 2024. Filed Aug 1, 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.
Jun 30, 2024 · Filed Aug 1, 2024
BHE$63.64+0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| (in thousands, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Sales | $665,896 | $733,232 | $1,341,471 | $1,427,927 |
| Cost of sales | 597,946 | 666,201 | 1,206,113 | 1,296,938 |
| Gross profit | 67,950 | 67,031 | 135,358 | 130,989 |
| Selling, general and administrative expenses | 38,022 | 37,672 | 75,354 | 75,870 |
| Amortization of intangible assets | 1,204 | 1,591 | 2,408 | 3,183 |
| Restructuring charges and other costs | 1,471 | 3,287 | 4,814 | 4,713 |
| Income from operations | 27,253 | 24,481 | 52,782 | 47,223 |
| Interest expense | (6,933) | (8,258) | (14,178) | (14,708) |
| Interest income | 2,526 | 1,622 | 4,518 | 2,880 |
| Other (expense) income, net | (2,323) | 61 | (3,500) | (2,104) |
| Income before income taxes | 20,523 | 17,906 | 39,622 | 33,291 |
| Income tax expense | 4,995 | 3,915 | 10,092 | 6,940 |
| Net income | $15,528 | $13,991 | $29,530 | $26,351 |
| Earnings per share: | ||||
| Basic | $0.43 | $0.39 | $0.82 | $0.74 |
| Diluted | $0.43 | $0.39 | $0.81 | $0.74 |
| Weighted-average number of shares outstanding: | ||||
| Basic | 36,047 | 35,618 | 35,929 | 35,478 |
| Diluted | 36,497 | 35,676 | 36,388 | 35,730 |
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