Company: BHE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025644
Chunk: 143

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 143
---
    Shareholders’ equity:

    Preferred stock, $0.10 par value; 5,000 shares authorized,   none issued

    —

    —

    Common stock, $0.10 par value; 145,000 shares authorized;   issued and outstanding – 35,992 and 35,664, respectively

    3,599

    3,566

    Additional paid-in capital

    534,945

    528,842

    Retained earnings

    596,010

    560,537

    Accumulated other comprehensive loss

    (21,241
    )

    (13,860
    )

    Total shareholders’ equity

    1,113,313

    1,079,085

    Total liabilities and shareholders’ equity
     
    $
    2,139,464

    $
    2,274,755

See accompanying notes to the consolidated financial statements.

43

BENCHMARK ELECTRONICS, INC. AND SUBSIDIARIES

Consolidated Statements of Income

    Year Ended December 31,

    (in thousands, except per share data)
     
    2024

    2023

    2022

    Sales
     
    $
    2,656,105

    $
    2,838,976

    $
    2,886,331

    Cost of sales

    2,386,081

    2,567,906

    2,631,096

    Gross profit

    270,024

    271,070

    255,235

    Selling, general and administrative expenses

    149,460

    147,025

    150,215

    Amortization of intangible assets

    4,817

    5,979

    6,384

    Restructuring charges and other costs

    6,336

    8,402

    8,567

    Income from operations

    109,411

    109,664

    90,069

    Interest expense

    (26,922
    )

    (31,875
    )

    (12,894
    )

    Interest income

    10,208

    6,256

    1,730

    Other (expense) income, net