News Releases

Benchmark Electronics Updates Guidance

Benchmark Electronics, Inc. announced today that it expects to exceed previous revenue guidance for the fourth quarter of $425-$440 million. Revenues for the fourth quarter are anticipated to be in the range of $460-$470 million. Earnings estimates for the fourth quarter are also anticipated to exceed the range of previous guidance. With the strong demand levels experienced during the fourth quarter of 2002, Benchmark expects first quarter 2003 revenues, based on current indications from its customers, to be slightly below the fourth quarter.

At this time, the Company is finalizing its financial closing for the fourth quarter ended December 31, 2002 and will report those results on February 5, 2003.

Benchmark also noted that it will participate in the Needham & Co. Fifth Annual Growth Stock Conference, January 6-8 at the New York Palace Hotel in New York City, with a scheduled presentation at 2 p.m. ET on Tuesday, January 7, 2003.

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," 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 computers and related products for business enterprises, medical devices, video/audio/entertainment products, industrial control equipment, testing and instrumentation products, and telecommunication equipment. Benchmark's global operations include facilities in eight countries. Benchmark's Common Stock trades on the New York Stock Exchange under the symbol BHE.

SOURCE: Benchmark Electronics, Inc.

CONTACT: Gayla J. Delly, Chief Financial Officer of Benchmark
Electronics, Inc., +1-979-849-6550

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