BENCHMARK REPORTS THIRD QUARTER 2023 RESULTS
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Wednesday, October 25, 2023
TEMPE, Ariz., Oct. 25, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the third quarter ended September 30, 2023.
Key Points:
- Revenue decreased quarter over quarter and year over year primarily due to a decrease in Advanced Computing of 19% and 30%, respectively, due to completion of a high performance compute program, partially offset by an increase in A&D of 24% and 16%, respectively.
- Restructuring charges are expected to range between $0.8 million and $1.2 million in the fourth quarter and the amortization of intangibles is expected to be $1.2 million in the fourth quarter.
- The Company will host a conference call to discuss the results today at 5:00 p.m. Eastern Time.
- The live webcast of the call and accompanying reference materials will be accessible by logging on to the Company's website at www.bench.com .