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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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.

Third quarter 2023 results: Revenue of $720 million GAAP operating income of $30 million, up 20% year-over-year Non-GAAP(1) operating income of $34 million, up 22% year-over-year GAAP and non-GAAP earnings per share of $0.57 TEMPE, Ariz. , Oct. 25, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the third quarter ended September 30, 2023.

BENCHMARK REPORTS THIRD QUARTER 2023 RESULTS

TEMPE, Ariz. , Oct. 18, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce third quarter 2023 results on Wednesday, October 25, 2023 after the market close.

BENCHMARK ELECTRONICS TO REPORT THIRD QUARTER 2023 RESULTS

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Benchmark Electronics, Inc. (NYSE:BHE ) Q2 2023 Earnings Conference Call July 31, 2023 5:00 PM ET Company Participants Paul Mansky - IR Jeff Benck - President & CEO Roop Lakkaraju - EVP & CFO Conference Call Participants Jim Ricchiuti - Needham & Company Jaeson Schmidt - Lake Street Capital Markets Steven Fox - Fox Advisors Anja Soderstrom - Sidoti & Co. Operator Good day, and welcome to Benchmark Electronics Inc. Second Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

Benchmark Electronics, Inc. (BHE) Q2 2023 Earnings Call Transcript

Second quarter 2023 results: Revenue of $733 million GAAP operating income of $24 million, up 9% year-over-year Non-GAAP(1) operating income of $29 million, up 28% year-over-year GAAP earnings per share of $0.39 and non-GAAP earnings per share of $0.48 TEMPE, Ariz. , July 31, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the second quarter ended June 30, 2023.

BENCHMARK REPORTS SECOND QUARTER 2023 RESULTS

Global Manufacturing Executive with Strong Track Record of Driving Operational Excellence to Lead Worldwide Manufacturing Operations TEMPE, Ariz. , July 17, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced the appointment of David Valkanoff as the company's Executive Vice President (EVP), Chief Operating Officer (COO), effective immediately.

Benchmark Appoints Dave Valkanoff as EVP and Chief Operating Officer

25-year Flex Veteran Brings Extensive Industry Expertise Supporting Benchmark's Growth Strategy TEMPE, Ariz. , July 17, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced the appointment of David Moezidis as Executive Vice President (EVP) and its first Chief Commercial Officer (CCO), effective immediately.

Benchmark Appoints David Moezidis as EVP and Chief Commercial Officer

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TEMPE, Ariz. , July 12, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce second quarter 2023 results on Monday, July 31, 2023 after the market close.

BENCHMARK ELECTRONICS TO REPORT SECOND QUARTER 2023 RESULTS

Benchmark Almelo Experienced Rapid Growth Over the Last Five Years Facilitating the Need for the Expansion, Which is Complete and Unveiled Today TEMPE, Ariz. , June 23, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today celebrated the grand reopening of its facility in Almelo, Netherlands serving customers across the aerospace and defense, industrial, medical and semiconductor capital equipment industries.

Benchmark Celebrates Grand Reopening of its World Class Engineering and Manufacturing Facility in Almelo, Netherlands

Benchmark Electronics' valuation remains strong, with earnings, sales, and assets trading at significant discounts compared to the sector average. Q1 earnings showed growth in 70% of the company's portfolio, with medical and industrial segments expected to maintain double-digit growth in Q2. However, high inventory levels and negative cash flow generation have led to increased long-term debt, making it advisable to wait for Q2 earnings before investing.

Benchmark Electronics: Supply Chain Improvements Needed To Drive Cash Flow Generation

Benchmark Electronics, Inc. (NYSE:BHE ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Jeff Benck - President & CEO Roop Lakkaraju - EVP & CFO Paul Mansky - IR Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets Steven Fox - Fox Advisors Anja Soderstrom - Sidoti & Co. Operator Hello, and welcome to the Benchmark Electronics, Inc. First Quarter 2023 Earnings Call. All participants will be in a listen-only mode.

Benchmark Electronics, Inc. (BHE) Q1 2023 Earnings Call Transcript

First quarter 2023 results: Revenue of $695 million, up 9% year-over-year led by: Advanced Computing growth of 74% Medical growth of 17% Next Generation Communications growth of 45% GAAP operating income of $23 million, up 48% year-over-year Non-GAAP(1) operating income of $26 million, up 21% year-over-year GAAP diluted EPS of $0.35, up 13% year-over-year TEMPE, Ariz. , May 3, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the first quarter ended March 31, 2023.

BENCHMARK REPORTS FIRST QUARTER 2023 RESULTS

TEMPE, Ariz. , April 21, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce its first quarter 2023 results on Wednesday, May 3, 2023, after the market closes.

BENCHMARK ELECTRONICS TO REPORT FIRST QUARTER 2023 RESULTS

Beaver Joins a Select Group of the Finest Legal Experts Across all Industries in the Private, Public and Nonprofit Sectors TEMPE, Ariz. , March 31, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced that its Senior Vice President, General Counsel and Chief Legal Officer, Steve Beaver, has been named a winner of the 2023 Arizona Corporate Counsel Awards held by AZ Business Magazine,  in partnership with the Association of Corporate Counsel, the State Bar of Arizona , and title sponsors Cresa and  Ogletree Deakins.

Benchmark SVP, General Counsel and Chief Legal Officer Steve Beaver Wins Arizona Corporate Counsel Award

Benchmark Intends to Invest $20M and Hire up to 100 People to Support the New 64,000 Sq. Ft. Facility Focused on Semiconductor Industry Growth in the U.S. TEMPE, Ariz.

Benchmark Celebrates Grand Opening of New Precision Technologies Facility in Mesa, Arizona

The 2022 Report Highlights ESG/Sustainability Achievements in the Past Year and New, Ambitious Targets TEMPE, Ariz. , Feb. 27, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today released its annual Sustainability Report.

Benchmark Releases Annual Sustainability Report

Benchmark Electronics, Inc. (NYSE:BHE ) Q4 2022 Earnings Conference Call February 1, 2023 5:00 PM ET Company Participants Paul Mansky – Investor Relations and Corporate Development Jeff Benck – President and Chief Executive Officer Roop Lakkaraju – Executive Vice President and Chief Financial Officer Conference Call Participants Jaeson Schmidt – Lake Street Steven Fox – Fox Advisors Chris Grenga – Needham & Company Anja Soderstrom – Sidoti Operator Good day and welcome to the Benchmark Electronics, Inc. Fourth Quarter 2022 Earnings Call. All participants will be in a listen-only mode.

Benchmark Electronics, Inc. (BHE) Q4 2022 Earnings Call Transcript

Fourth quarter 2022 results: Revenue of $751 million, up 19% year-over-year GAAP operating income up 45% year-over-year Non-GAAP operating income up 34% year-over-year GAAP diluted EPS of $0.60, up 71% year-over-year Non-GAAP diluted EPS of $0.60, up 25% year-over-year Full year 2022 results: Revenue of $2,886 million; 28% year-over-year growth Advanced Computing and Next Gen Communications combined revenue growth of 45% year-over-year Industrials revenue growth of 39% year-over-year Medical revenue growth of 28% year-over-year Semi-Cap revenue growth of 31% year-over-year GAAP operating income up 70% year-over-year Non-GAAP operating income up 52% year-over-year GAAP diluted EPS of $1.91, up 93% year-over-year Non-GAAP diluted EPS of $2.09, up 55% year-over-year TEMPE, Ariz. ,  Feb. 1, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the fourth quarter and year ended December 31, 2022.

BENCHMARK REPORTS RECORD FISCAL YEAR 2022 RESULTS

TEMPE, Ariz. , Jan. 24, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce its fourth quarter 2022 results on Wednesday, February 1, 2023, after the market closes.

BENCHMARK ELECTRONICS TO REPORT FOURTH QUARTER 2022 RESULTS

TEMPE, Ariz. , Jan. 9, 2023 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced the appointment of Douglas Britt as an independent director to the Company's Board of Directors, effective immediately.

BENCHMARK ANNOUNCES APPOINTMENT OF DOUGLAS BRITT TO THE BOARD OF DIRECTORS AND ANNOUNCES THE RETIREMENT OF BOARD MEMBER DOUGLAS DUNCAN

Other than Aerospace & Defense, all of BHE's segments performed very well year-over-year. Supply constraints continue to weigh on the company, and if there are any surprises there, it should result in underperformance based upon management guidance.

Benchmark Electronics: Higher-Value Segments Show Signs Of Slowing Down

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Company Provides Fiscal 2023 Guidance TEMPE, Ariz. , Nov. 8, 2022 /PRNewswire/ -- As previously announced, Benchmark Electronics, Inc. (NYSE: BHE) will host a presentation at the New York Stock Exchange today, in celebration of 25 years being listed on the Exchange.

Benchmark Hosts Investor and Analyst Day at the NYSE

Benchmark Electronics, Inc. (NYSE:BHE ) Q3 2022 Earnings Conference Call October 26, 2022 5:00 PM ET Company Participants Paul Mansky - IR & Corporate Development Jeff Benck - President & CEO Roop Lakkaraju - EVP & CFO Conference Call Participants Jaeson Schmidt - Lake Street Steven Fox - Fox Advisors Anja Soderstrom - Sidoti Operator Good afternoon, everyone, and welcome to the Benchmark Electronics Incorporated Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.

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