Benchmark announces 15 per cent sales increase

Benchmark Electronics, a contract manufacturing provider, announced sales of $572m (£375m) for the quarter ended 31 March 2010 – a 15 per cent increase compared to $497m for the same quarter in the prior year.

The company reported first-quarter net income of $18m, or $0.29 per diluted share, while net income was $9m, or $0.14 per diluted share, in the comparable period of 2009.

Excluding restructuring charges, the company would have reported net income of $19m, or $0.30 per diluted share, for the first quarter of 2010, which represented an 88 per cent increase in earnings per diluted share when compared to $10m, or $0.16 per diluted share, in the first quarter of 2009.