Benchmark Electronics Inc (BHE) Q1 2020 Earnings Call Transcript

Benchmark Electronics Inc (BHE) Q1 2020 Earnings Call Transcript

Good afternoon, and welcome to the Benchmark First Quarter 2020 Earnings Conference Call.. After the market closed today, we issued an earnings release highlighting our financial performance for the first quarter and we've prepared a presentation that we will reference on this call.. Roop will then discuss our first quarter results including a cash and balance sheet summary.. Jeff will wrap up with a rundown of demand outlook by market sector and our near-term guidance, before we conclude the call with Q&A.. If you will please turn to slide 3 in the presentation, I will turn the call over to our CEO, Jeff Benck.. The second priority is to sustain the output of our operation so that we can continue to serve our customers during this critical time.. While some employees are being asked to work from home, this is not an option for many directly involved in the manufacturing or design of critical product.. We were given early approval to reestablish operations to support critical medical products and were ramped back to full capacity by mid-March.. Local restrictions remain in force and we were only operating at 30% of capacity to start the quarter.. We were hit particularly hard