News Releases

Benchmark Electronics, Inc. announced today that it expects to exceed second quarter analysts' consensus of $339 million revenue and earnings per share of $0.26, reflecting improvements in revenues and earnings over those amounts reported in the first quarter of 2002. Revenues for the second quarter are anticipated to be in the range of $380 to $390 million, with earnings in the range of $0.29 to $0.31 per share. Based on current indications from its customers, Benchmark expects results for third quarter 2002, (excluding the impact of the earlier announcement regarding the acquisition of ACT Manufacturing, Inc.'s Thailand and UK operations) to be flat to slightly improved compared to the results for the second quarter of 2002.

The Company is currently finalizing its financial closing for the second quarter ended June 30, 2002. Results for that quarter will be announced on July 18, 2002. A conference call hosted by Benchmark will be held on July 18, 2002 at 10:00 a. m. CDT to discuss results for Q2 2002 and the outlook for Q3 2002. This call will be broadcast on the Internet and may be accessed by logging on to Benchmark's website at http://www.bench.com/ .

This news release contains certain forward-looking statements within the scope of the Securities Act of 1933 and the Securities Exchange Act of 1934. The words "expect," "estimate," "anticipate," "predict," and similar expressions, and the negatives of such expressions, are intended to identify forward-looking statements. Although the Company believes that these statements are based upon reasonable assumptions, such statements involve risks, uncertainties and assumptions, including but not limited to industry and economic conditions, customer actions and the other factors discussed in Benchmark's Form 10-K for the year ended December 31, 2001 and its other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated.

Benchmark Electronics, Inc. is in the business of manufacturing electronics and provides its services to original equipment manufacturers of telecommunication equipment, computers and related products for business enterprises, video/audio/entertainment products, industrial control equipment, testing and instrumentation products and medical devices. Benchmark's global operations include facilities in six countries. Benchmark's Common Stock trades on the New York Stock Exchange under the symbol BHE.

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SOURCE: Benchmark Electronics, Inc.