Benchmark Electronics Q1 Profit Rises, Beats View - Quick Facts

(RTTNews) - Benchmark Electronics, Inc. (BHE), a integrated contract manufacturing provider, Thursday reported an increase in net income for the first quarter to $19.13 million or $0.35 per share from $11.49 million or $0.21 per share in the year-ago period.

Excluding certain items, adjusted net income was $19.25 million or $0.35 per share, compared to $11.87 million or $0.22 per share in the same period last year. On average, seven analysts polled by Thomson-Reuters estimated the company's earnings to be $0.31 per share for the quarter. Analysts' estimates typically exclude one-time items.

Net sales for the first quarter increased 18 percent to $639.34 million from $542.44 million a year earlier. Analysts had a consensus revenue estimate of $646.65 million.

Looking ahead to the second quarter, the company forecast earnings per share between $0.35 and $0.40 excluding restructuring charges and integration costs, and revenue between $665 and $700 million. Analysts expect the company to report earnings per share of $0.36 per share on revenues of $680.03 million.