Benchmark Electronics Inc (BHE)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	81,220	84,342	45,407	17,293	27,269
Revenue	US$ in thousands	2,838,980	2,886,330	2,255,320	2,053,130	2,268,100
Pretax margin		2.86%	2.92%	2.01%	0.84%	1.20%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $81,220K ÷ $2,838,980K
= 2.86%

Benchmark Electronics Inc.'s pretax margin has shown fluctuating performance over the past five years. The company's pretax margin increased from 1.20% in 2019 to 2.92% in 2022, indicating improved profitability during this period. However, there was a slight decline in pretax margin to 2.86% in 2023. Despite this decrease, the company has maintained levels above 2% for the past three years, suggesting a consistent ability to generate profit before taxes relative to its total revenue. It is essential for Benchmark Electronics Inc. to continue monitoring and optimizing its cost management and operational efficiency to sustain and potentially enhance its pretax margin in the future.