Benchmark Electronics

Benchmark Electronics, Inc. provides integrated electronic manufacturing services, engineering and design services, and precision machining services. The firm provides services to original equipment manufacturers of industrial control telecommunication equipment, computers and related products for business enterprises, medical devices, and testing and instrumentation products. Its services include comprehensive and integrated design and manufacturing services and solutions from initial product concept to volume production, including direct order fulfillment and aftermarket services. The company was founded by Cary T. Fu, Steven A. Barton and Donald E. Nigbor in 1979 and is headquartered in Tempe, AZ.

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Benchmark Electronics reports record earnings, eyes growth amid sector challenges

Benchmark Electronics delivered robust financial performance in Q4 2022 and full year 2022, driven by revenue growth and record earnings.
Despite challenges in the Semi-Cap sector and labor market, the company's strategic strengths in vertical integration and customer relationships position it well for future growth.
Opportunities lie in strong bookings, new program wins, and a positive outlook for 2024, supported by a rational competitive landscape and prudent financial management.
To navigate challenges and capitalize on opportunities, Benchmark Electronics must continue leveraging its strengths in technology, customer focus, and financial stability.

Benchmark Electronics reports robust Q1 earnings amidst sector growth

Benchmark Electronics delivered strong Q1 results, highlighting revenue growth and a commitment to ESG. While facing challenges related to supply chain premiums and guidance risks, the company remains optimistic about growth opportunities in key sectors. With a solid financial position and strategic focus, Benchmark Electronics is poised for continued success in the market.

Benchmark Electronics exceeds Q2 expectations, eyes growth amid challenges

Benchmark Electronics delivered strong Q2 2023 results, surpassing revenue and operating income expectations and showcasing growth across key sectors.
New executive appointments, improved margins, and positive cash flow generation underscore the company's resilience and strategic positioning.
While challenges like supply chain dynamics and margin pressures persist, opportunities for growth and market expansion are evident, supported by optimistic guidance for Q3 2023.

Benchmark Electronics reports robust Q3 earnings amidst sector challenges

Benchmark Electronics delivered a strong Q3 2023 performance with revenue growth and improved operating margins, exceeding earnings guidance.
While facing challenges in certain sectors and supply chain disruptions, the company aims to leverage opportunities in sector performance and demand for electronic services.
Strategic investments in production capacity and cost management initiatives position Benchmark Electronics for continued growth and operational efficiency in the evolving market landscape.

Benchmark Electronics surpasses Q4 targets, anticipates sector challenges in 2024

Benchmark Electronics delivered a resilient performance in Q4 2023, meeting or exceeding objectives despite revenue softening. The company showcased strong financial discipline, surpassing free cash flow targets and improving margins. Challenges in specific sectors are expected in the first half of 2024, requiring strategic monitoring.
Opportunities for growth exist through improving financial metrics, monitoring sector-specific demand trends, and capitalizing on revenue expectations for Q1 2024. Benchmark Electronics remains focused on reducing debt, enhancing gross margins, and returning capital to shareholders, positioning itself for future success.

Benchmark Electronics reports Q1 revenue decline, highlights sector performance

Benchmark Electronics faced mixed sector performance in Q1 2024, with revenue declines in certain sectors offset by strengths in others. The company aims to enhance free cash flow and navigate challenges in specific sectors while capitalizing on opportunities for growth and improvement.

Benchmark Electronics surpasses Q2 expectations, eyes growth amid sector challenges

Benchmark Electronics delivered strong financial performance in Q2 2024, exceeding revenue guidance and enhancing shareholder value
While facing challenges in certain sectors, the company's strategic focus on efficiency and growth opportunities bodes well for the future
With a clear commitment to financial discipline and operational excellence, Benchmark Electronics is poised for continued success

Benchmark Electronics surpasses Q3 guidance, eyes aerospace and defense

Benchmark Electronics delivered strong financial performance in Q3 2024, exceeding guidance and showcasing operational strength.
While facing challenges in certain sectors, the company emphasized growth opportunities in aerospace and defense and the EMS industry.
Analyst questions and strategic discussions during the call highlighted areas for improvement and future growth potential.

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Benchmark Electronics, Inc. engages in the provision of integrated electronic manufacturing services, engineering and design services, and technology solutions. It operates through the following geographical segments: Americas, Asia, and Europe. The firm offers services to original equipment manufacturers of industrial control telecommunication equipment, computers, and related products for business enterprises, medical devices, and testing and instrumentation products. Its services include comprehensive and integrated design and manufacturing services and solutions from initial product concept to volume production, including direct order fulfillment and aftermarket services. The company was founded by Cary T. Fu, Steven A. Barton, and Donald E. Nigbor in 1979 and is headquartered in Tempe, AZ.

Benchmark Electronics Inc. (NYSE:BHE ) Q3 2024 Results Conference Call October 30, 2024 5:00 PM ET Company Participants Paul Mansky - Investor Relations Jeff Benck - CEO, President Bryan Schumaker - CFO Arvind Kamal - VP, Finance Conference Call Participants Jaeson Schmidt - Lake Street Steven Fox - Fox Advisors Operator Good day, everyone, and welcome to today's Benchmark Third Quarter 2024 Earnings Call and Webcast. At this time, all participants are in a listen-only mode.

Benchmark Electronics Inc. (BHE) Q3 2024 Earnings Call Transcript

TEMPE, Ariz. , Oct. 30, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the third quarter ended September 30, 2024.

BENCHMARK REPORTS THIRD QUARTER 2024 RESULTS

TEMPE, Ariz. , Oct. 14, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce third quarter 2024 results on Wednesday, October 30, 2024 after the market close.

BENCHMARK ELECTRONICS TO REPORT THIRD QUARTER 2024 RESULTS

TEMPE, Ariz. , Oct. 7, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced the appointment of Bryan Schumaker as the company's chief financial officer (CFO) effective October 8.

Benchmark Appoints Bryan Schumaker as Chief Financial Officer

New Facility Will Enable Further Vertical Integration when Coupled with Existing Benchmark Facilities in Penang, Adding Critical Capacity and Capabilities TEMPE, Ariz. , Sept. 12, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today celebrated the grand opening of a new facility in Penang, Malaysia.

Benchmark Celebrates Grand Opening of New, State-of-the-Art Facility in Penang, Malaysia

Third quarter 2024 cash dividend of $0.17 per share TEMPE, Ariz. , Sept. 9, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced that its Board of Directors declared a quarterly dividend of $0.17 per share, payable on October 11, 2024, to shareholders of record at the close of business on September 30, 2024.

BENCHMARK ELECTRONICS ANNOUNCES QUARTERLY CASH DIVIDEND

Benchmark Electronics, Inc. BHE reported better-than-expected second-quarter earnings on Tuesday.

Benchmark Electronics Analysts Increase Their Forecasts After Better-Than-Expected Earnings

Benchmark Electronics, Inc. (NYSE:BHE ) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Paul Mansky - Head of Investor Relations Jeff Benck - President and Chief Executive Officer Arvind Kamal - Interim Chief Financial Officer Conference Call Participants Steven Fox - Fox Advisors Melissa Fairbanks - Raymond James Jaeson Schmidt - Lake Street Chris Grenga - Needham and Company Anja Soderstrom - Sidoti Operator Good day, everyone, and welcome to today's Benchmark Second Quarter 2024 Earnings Call and Webcast. At this time, all participants are in a listen-only mode.

Benchmark Electronics, Inc. (BHE) Q2 2024 Earnings Call Transcript

TEMPE, Ariz. , July 30, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the second quarter ended June 30, 2024.

BENCHMARK REPORTS SECOND QUARTER 2024 RESULTS

TEMPE, Ariz. , July 16, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce second quarter 2024 results on Tuesday, July 30, 2024 after the market close.

BENCHMARK ELECTRONICS TO REPORT SECOND QUARTER 2024 RESULTS

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Benchmark Electronics, Inc. (NYSE:BHE ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Corporate Participants Paul Mansky - Investor Relations Jeff Benck - President and Chief Executive Officer Arvind Kamal - Interim Chief Financial Officer Conference Call Participants Steven Fox - Fox Advisors Anja Soderstrom - Sidoti Chris Grenga - Needham & Company Operator Hello, and welcome to the Benchmark Electronics to Report First Quarter 2024 Results Conference. At this time, all parties are in a listen-only mode.

Benchmark Electronics, Inc. (BHE) Q1 2024 Earnings Call Transcript

TEMPE, Ariz. , May 1, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the first quarter ended March 31, 2024.

BENCHMARK REPORTS FIRST QUARTER 2024 RESULTS

TEMPE, Ariz., April 25, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce first quarter 2024 results on Wednesday, May 1, 2024 after the market close.

BENCHMARK ELECTRONICS TO REPORT FIRST QUARTER 2024 RESULTS

TEMPE, Ariz., March 19, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced Roop K.

BENCHMARK ELECTRONICS ANNOUNCES DEPARTURE OF CHIEF FINANCIAL OFFICER REITERATES FIRST QUARTER FISCAL 2024 GUIDANCE

The 2023 Report Highlights Benchmark's Momentous Efforts and Continued Commitment to High-Quality Disclosures of its Environmental, Social, and Governance (ESG) Activities TEMPE, Ariz. , Feb. 27, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today released its 2023 Sustainability Report.

Benchmark Releases Its Third Annual Sustainability Report

Benchmark Electronics, Inc. (BHE) Q4 2023 Earnings Call Transcript

Fourth quarter 2023 results: Revenue of $691 million Generated net cash provided by operations of $137 million and positive free cash flow(1) of $126 million GAAP and non-GAAP(1) gross margin of 10.3% GAAP operating margin of 4.6% and non-GAAP(1) operating margin of 5.1% GAAP and non-GAAP(1) earnings per share of $0.49 and $0.58, respectively Full year 2023 results: Revenue of $2.8 billion Delivered net cash provided by operations of $174 million and positive free cash flow(1) of $97 million GAAP and non-GAAP(1) gross margin of 9.5%, up 70 basis points year-over-year GAAP operating margin of 3.9% and non-GAAP(1) operating margin of 4.4% GAAP and non-GAAP(1) earnings per share of $1.79 and $2.04, respectively TEMPE, Ariz. , Jan. 31, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the fourth quarter and year ended December 31, 2023.

BENCHMARK REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 RESULTS

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TEMPE, Ariz. , Jan. 17, 2024 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce fourth quarter 2023 results on Wednesday, January 31, 2024 after the market close.

BENCHMARK ELECTRONICS TO REPORT FOURTH QUARTER 2023 RESULTS

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Benchmark Electronics is a small-cap stock with a low valuation, making it attractive for investors in the current inflationary environment. The company focuses on complex products within targeted sectors, which have higher margins and longer life cycles. While facing revenue challenges due to macro slowdown, Benchmark is prioritizing operating margins and cash flow, which are showing improvement and driving its valuation higher.

Benchmark Electronics: The Rise Of Small-Cap Value

Benchmark Electronics, Inc. (NYSE:BHE ) Q3 2023 Earnings Conference Call October 25, 2023 5:00 PM ET Company Participants Paul Mansky - IR Jeffrey Benck - President & CEO Roop Lakkaraju - EVP & CFO Conference Call Participants Maxwell Michaelis - Lake Street Capital Markets Steven Fox - Fox Advisors Chris Grenga - Needham & Co. Anja Soderstrom - Sidoti Operator Good day, and welcome to Benchmark Electronics Inc. Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

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