Benchmark Electronics (NYSE: BHE) reported Q1 EPS of $0.33, in-line with the analyst estimate of $0.33. Revenue for the quarter came in at $603 million versus the consensus estimate of $597.3 million.

Jeff Benck, Benchmark\'s President and CEO stated, "We delivered a solid first quarter with revenueand earnings in line with our expectations. Revenues were up year-over-year in our targeted A&D, Medical, and Telecommunications markets and non-GAAP gross margins increased 40 bps sequentially to 8.8%."

"Since joining Benchmark Electronics, I have visited several of our facilities and have experienced first-hand our unique and differentiated capabilities. I am excited by the talent of our employees across the business and the dedication they bring to solving our customers' most challenging problems. Our advanced design and manufacturing services as well as technology solutions provide a strong foundation for innovation and industry excellence as we enable our customers' new product ideas. Looking ahead, we remain focused on capturing opportunities to grow our revenue, expand our operating margins, and create long-term value for our shareholders."

GUIDANCE:

Benchmark Electronics sees Q2 2019 EPS of $0.28-$0.36, versus the consensus of $0.36. Benchmark Electronics sees Q2 2019 revenue of $555-585 million, versus the consensus of $620.5 million.

For earnings history and earnings-related data on Benchmark Electronics (BHE) click here.