© daimy Electronics Production | October 25, 2012

Benchmark with 3% sequential revenue decrease

EMS-provider Benchmark reported revenue of USD 611 million for 3Q/2012 (ended September 30, 2012); decreased 3% from2Q/2012 and increased 7% from 3Q/2011.
"Benchmark delivered another strong quarter of results, having achieved our revenue and operating margin targets," said Gayla Delly, the Company's President and CEO. "These results were accomplished through the strong performance of our global teams and our continued focus on customers even with the ongoing challenging macroeconomic environment. Looking ahead, given the continuing market uncertainty we will remain flexible and cautious with a continued commitment to growth, operational excellence, and our customers."

Third Quarter 2012 Highlights
  • Revenue of $611 million decreased 3% from Q2 of 2012 and increased 7% from Q3 of 2011
  • Operating margin for the third quarter was 3.7% excluding restructuring and Thailand flood related charges
  • Inventory was $375 million at September 30, 2012; inventory turns were 6.0 times compared to 6.0 at June 30, 2012 and 5.0 at September 30, 2011.

© Benchmark

Fourth Quarter 2012 Outlook

  • Revenue between $580 and $610 million
  • Diluted earnings per share between $0.26 and $0.31 (excluding restructuring and Thailand flood related charges)
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