Forward-Looking Statements
This website and presentations included herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act). These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts and may include words such as “believe,” “intend,” “plan,” “project,” “forecast,” “strategy,” “position,” “continue,” “may,” “will,” “could,” “expect,” “estimate,” “anticipate,” “predict” and similar expressions of the negative or other variations thereof. Forward-looking statements include, among other things, future guidance; projected annual revenues resulting from new program bookings; statements, express or implied, concerning future operating results or margins, the ability to generate sales and income or cash flow, expected revenue mix and Benchmark’s business and growth strategies and expected growth and performance. Although Benchmark believes these statements are based on and derived from reasonable assumptions, they involve risks and uncertainties that may be beyond the Company’s ability to control or predict relating to operations, markets and the business environment generally. Events relating to the possibility of customer demand fluctuations and high interest rates, geopolitical uncertainties including continuing hostilities and tensions, trade restrictions and sanction, the ability to utilize the Company’s manufacturing facilities at sufficient levels to cover its fixed operating costs, or write-downs or write-offs of obsolete or unsold inventory, may have resulting impacts on the Company’s business, financial condition, results of operations, and the Company’s ability (or inability) to execute on its plans. If one or more of these risks or uncertainties materializes, or underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Undue reliance should not be placed on any forward-looking statements. Readers are advised to consult further disclosures on these risks and uncertainties, particularly in Item 1A, “Risk Factors”, of the Company’s Annual Report on Form 10-K and in its subsequent filings with the Securities and Exchange Commission. All forward-looking statements included in this website and presentations are based upon information currently available, and the Company assumes no obligation to update them.
Non-GAAP Financial Measures
This website provides information which includes certain financial measures that exclude items and therefore are not in accordance with U.S. generally accepted accounting principles (“GAAP”). A detailed reconciliation between GAAP results and results excluding special items (“non-GAAP”) is included in the Company’s earnings press releases and SEC filings. Management discloses non‐GAAP information to provide investors with additional information to analyze the Company’s performance and underlying trends. Management uses non‐GAAP measures that exclude certain items in order to better assess operating performance and help investors compare results with our previous guidance. The Company’s non‐GAAP information is not necessarily comparable to the non‐GAAP information used by other companies. Non‐GAAP information should not be viewed as a substitute for, or superior to, net income or other data prepared in accordance with GAAP as a measure of the Company’s profitability or liquidity. Readers should consider the types of events and transactions for which adjustments have been made.