Ad
Ad
Ad
© stockfotocz dreamstime.com Electronics Production | July 26, 2016

Benchmark keeps on trucking

EMS provider Benchmark recorded cash flows from operating activities of USD 81 million during its second quarter and USD 158 million through the first half of the year.
“Second quarter revenues were USD 579 million, with non‐GAAP EPS of USD 0.31,” said Gayla Delly, Benchmark’s President and CEO. “Our year‐over‐year revenue from higher‐value markets increased from 53% to 63% for the first half of the year driven by the successful transformation of our customer portfolio and the Secure acquisition.”



Ms. Delly concluded, “Our balance sheet remains strong, supporting continued investment in our business, strategic growth initiatives and our share repurchase program. Our results for the quarter show continued progress on our strategy to drive shareholder value, including diversifying our portfolio, executing on our lean and operational initiatives and managing our working capital. While our third quarter outlook reflects caution from customer forecasts, we remain committed to delivering higher returns on invested capital through better operating margins and working capital management.”

-----

Image: © Benchmark

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news