News Releases

Benchmark Electronics Reports Sales and Earnings for First Quarter 2005

Benchmark Electronics, Inc., a leading contract manufacturing provider, announced sales revenue of $510 million for the quarter ended March 31, 2005, compared to $481 million for the same quarter last year. First quarter net income was $16.9 million, or $0.40 per diluted share. In the comparable period last year, net income was $15.2 million, or $0.36 per diluted share.

"Our first quarter results reflect revenue growth of 6% and net income growth of 11% year over year," commented Cary T. Fu, President and CEO of Benchmark Electronics, Inc. "The first quarter results were excellent in light of the soft economic conditions seen recently in the technology marketplace. Our focus for the remainder of 2005 is on efficiently ramping our new programs in this challenging environment."

  First Quarter 2005 Financial Highlights
   *  Operating margin for the first quarter was 4.4%.
   *  Return on invested capital of 13.8%.
   *  Cash and short-term investments balance at March 31, 2005 of
      $344 million.
   *  No debt outstanding as of March 31, 2005.
   *  Accounts receivable were $267 million at March 31, 2005; calculated
      days sales outstanding were 47 days.
   *  Inventories increased by $39 million to $295 million; inventory turns
      were 6.4 times.

  Second Quarter 2005 Guidance
   *  Revenue in the second quarter of 2005 is expected to be between
      $525 million and $550 million.
   *  Earnings per share for the second quarter of 2005 are expected to be
      $0.41 to $0.45 per diluted share.

  Forward-Looking Statements

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, 2004 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, 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.

A conference call hosted by Benchmark management will be held today at 10:00 am (Central time) to discuss the financial results of the Company and its future outlook. This call will be broadcast via the Internet and may be accessed by logging on to our website at .

               Benchmark Electronics, Inc. and Subsidiaries

                    Consolidated Statements of Income
              (Amounts in Thousands, Except Per Share Data)

                                                    Three Months Ended
                                                         March 31,

                                                    2005            2004

  Net sales                                  $    509,582    $    480,966
  Cost of sales                                   472,097         443,809
      Gross profit                                 37,485          37,157

  Selling, general and administrative expenses     15,212          15,721
      Operating income                             22,273          21,436

  Other income (expense):
      Interest expense                                (67)           (765)
      Other                                           670             433
  Total other income (expense), net                   603            (332)

      Income before income taxes                   22,876          21,104

  Income tax expense                                5,947           5,909

      Net income                             $     16,929    $     15,195

  Denominator for basic earnings
   per share - weighted average
   number of common shares
   outstanding during the period                   41,627          40,954
  Incremental common shares
   attributable to exercise
   of outstanding dilutive options                  1,081           1,399
  Denominator for diluted earnings per share       42,708          42,353

  Earnings per share:
      Basic                                  $       0.41    $       0.37
      Diluted                                $       0.40    $       0.36

               Benchmark Electronics, Inc. and Subsidiaries

                   Condensed Consolidated Balance Sheet
                              March 31, 2005
                          (Amounts in Thousands)


  Current assets:
      Cash and cash-equivalents                     $    90,225
      Short-term investments                            253,335
      Accounts receivable, net                          267,491
      Inventories, net                                  295,479
      Other current assets                               28,552

          Total current assets                          935,082

  Property, plant and equipment, net                     80,433
  Other assets, net                                       6,623
  Goodwill, net                                         112,947

          Total assets                              $ 1,135,085

  Liabilities and Shareholders' Equity

  Current liabilities:
      Accounts payable                              $   281,068
      Other current liabilities                          74,582

          Total current liabilities                     355,650

  Other long-term liabilities                             8,887
  Shareholders' equity                                  770,548

          Total liabilities
           and shareholders' equity                 $ 1,135,085

SOURCE: Benchmark Electronics, Inc.

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

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