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BENCHMARK ELECTRONICS REPORTS RECORD FIRST QUARTER SALES AND EARNINGS

BENCHMARK ELECTRONICS REPORTS RECORD FIRST QUARTER SALES AND EARNINGS
 CLUTE, Texas, April 21 /PRNewswire/ -- Benchmark Electronics, Inc. (AMEX: BHE) announced today that the company earned record net income of $623,000 ($0.20 per share) on record net sales of $9,946,000 for the quarter ended March 31, 1992. For the comparable quarter last year, the company earned $471,000 ($0.15 per share) on net sales of $5,909,000.
 Benchmark attributes the increased sales to expansion of the company's manufacturing capacity, as well as to a continuing trend toward the use of surface mount technology by original equipment manufacturers (OEMs) and the resulting increase in demand by OEMs for the company's turnkey contract manufacturing services.
 Benchmark Electronics, Inc., provides contract manufacturing services to OEMs in the electronics industry, including manufacturers of medical devices, communications equipment, industrial and business computers, testing instrumentation, and industrial instruments.
 BENCHMARK ELECTRONICS, INC.
 Condensed Statements of Operations
 (In thousands, except per-share amounts)
 (Unaudited)
 Three Months Ended March 31; 1992 1991
 Net sales $9,946 $5,909
 Costs and expenses 9,036 5,320
 Operating income 910 589
 Interest income (expense) - net 24 105
 Other income (expense) - net 54 31
 Income before income tax expense 988 725
 Income tax (expense) (365) (254)
 Net income $ 623 $ 471
 Net income per common share $ 0.20 $ 0.15
 Weighted average common shares outstanding 3,190 3,190
 -0- 4/21/92
 /CONTACT: Donald E. Nigbor, president, or Cary T. Fu, executive vice president, 409-265-0991, both of Benchmark Electronics/
 (BHE) CO: Benchmark Electronics Inc. ST: Texas IN: CPR SU: ERN


TQ -- NY035 -- 0547 04/21/92 11:02 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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