Benchmark Electronics, Inc. (NYSE:BHE) Q1 2022 Earnings Conference Call April 26, 2022 5:00 PM ET

Company Participants

Paul Mansky – Investor Relations

Jeff Benck – Chief Executive Officer and President

Roop Lakkaraju – Chief Financial Officer

Conference Call Participants

Jim Ricchiuti – Needham and Company

Jaeson Schmidt – Lake Street

Anja Soderstrom – Sidoti

Operator

Good afternoon and welcome to the Benchmark Electronics Incorporated First Quarter Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Paul Mansky, Benchmark Investor Relations. Please go ahead.

Paul Mansky

Thank you, Anthony, and thanks everyone for joining us today for Benchmark's first quarter fiscal year 2022 earnings call. Joining me this afternoon are Jeff Benck, CEO and President; and Roop Lakkaraju, CFO. After the market closed today, we issued an earnings release highlighting our financial performance for the first quarter of 2022 and we prepared a presentation that we will reference on this call.

The press release and presentation are available online under the Investor Relations section of our website at www.bench.com. This call is being webcast live and a replay will be available online following the call. The company has provided a reconciliation of our GAAP to non-GAAP measures in the earnings release as well as in the appendix of the presentation.

Please take a moment to review the forward-looking statements advice on Slide 2 in the presentation. During our call, we will be discussing forward-looking information. As a reminder, any of today's remarks that are not statements of historical facts are forward-looking statements, which involve risks and uncertainties, as described in our press releases and SEC filings. Actual results may differ materially from these statements, most notably due to the ongoing impact of global supply chain constraints and COVID.

Benchmark undertakes no obligation to update any forward-looking statements. For today's call, Jeff will begin by covering a summary of our first quarter results and new program wins. Roop will then discuss our detailed financial results including a cash and balance sheet summary and our second quarter 2022 guidance. Jeff will then return to discuss our sector outlook, provide a progress report on our strategic objectives and then close with directional commentary on how we're viewing the year relative to our mid-term model before opening for questions.