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BENCHMARK ELECTRONICS REPORTS RECORD NET SALES AND RECORD NET INCOME FOR QUARTER ENDED JUNE 30, 1992

 BENCHMARK ELECTRONICS REPORTS RECORD NET SALES AND RECORD NET INCOME
 FOR QUARTER ENDED JUNE 30, 1992
 CLUTE, Texas, July 21 /PRNewswire/ -- Benchmark Electronics, Inc. (AMEX: BHE), today reported record net sales and record net income for the second quarter and six months ended June 30, 1992. The company earned a record $723,000 (19 cents per share) on record net sales of $11,592,000 for the quarter ended June 30, 1992. A year ago, second quarter earnings were $518,000 (16 cents per share) on net sales of $8,330,000.
 Benchmark earned $1,346,000 (38 cents per share) on net sales of $21,538,000 for the six-month period. For the comparable period a year ago, net income was $990,000 (31 cents per share) on net sales of $14,239,000.
 According to President Donald E. Nigbor, Benchmark's continued sales and earnings growth reflects the strength of the U.S. electronics contract manufacturing market as well as the company's ability to respond quickly to customer needs through its two regional manufacturing facilities.
 Benchmark Electronics provides contract manufacturing services to original equipment manufacturers in the electronics industry, including manufacturers of medical devices, communications equipment, industrial and business computers, testing instrumentation, and industrial instruments.
 BENCHMARK ELECTRONICS, INC.
 Consolidated Statements of Operations
 (Unaudited)
 (In thousands, except per share amounts)
 Periods ended Three Months Six Months
 June 30 1992 1991 1992 1991
 Net sales $11,592 $ 8,330 $21,538 $14,239
 Costs and expenses:
 Cost of goods sold 10,022 7,112 18,390 11,983
 Selling expenses 306 236 663 407
 General and administrative 300 252 611 530
 Operating income 964 730 1,874 1,319
 Interest income (expense) - net 104 46 128 152
 Amortization of excess of
 acquired net assets over costs 27 27 54 54
 Other income (expense) - net 53 4 80 8
 Income before income taxes 1,148 807 2,136 1,533
 Income taxes 425 289 790 543
 Net income $ 723 $ 518 $ 1,346 $ 990
 Net income per common share $ .19 $ .16 $ .38 $ .31
 Weighted average common shares
 outstanding 3,884 3,190 3,537 3,190
 -0- 7/21/92
 /CONTACT: Cary T. Fu, executive vice president of Benchmark Electronics, 503-626-2279/
 (BHE) CO: Benchmark Electronics, Inc. ST: Texas IN: CPR SU: ERN


GK -- NY059 -- 1311 07/21/92 11:58 EDT
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Publication:PR Newswire
Date:Jul 21, 1992
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