Benchmark Electronics, Inc. (BHE) Tops Q1 EPS by 4c; Guides Q2 In-Line

Benchmark Electronics, Inc. (NYSE: BHE) reported Q1 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $639 million versus the consensus estimate of $646.65 million.

Benchmark Electronics, Inc. sees Q2 2014 EPS of $0.35-$0.40, versus the consensus of $0.36. Benchmark Electronics, Inc. sees Q2 2014 revenue of $665-700 million, versus the consensus of $680.03 million.

"Benchmark again delivered strong performance, which allowed us to exceed our earnings expectations in the first quarter," noted Gayla J. Delly, President and CEO. "Our focus on growth opportunities in the non‐traditional market sectors, coupled with operational excellence and enhanced customer solutions, resulted in improved year‐over‐year revenue and operating margins. Our strategy is delivering results and we expect to continue to expand margins and drive additional improvements throughout the year."

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

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