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 2022 results: Revenue of $772 million; 35% year-over-year growth Computing and Telco combined revenue growth of 60% year-over-year Industrials revenue growth of 44% year-over-year Medical revenue growth of 41% year-over-year Semi-Cap revenue growth of 39% year-over-year GAAP operating income up 114% year-over-year Non-GAAP operating income up 44% year-over-year GAAP diluted EPS of $0.53, up 130% year-over-year Non-GAAP diluted EPS of $0.57, up 46% year-over-year TEMPE, Ariz , Oct. 26, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the third quarter ended September 30, 2022. Three Months Ended Sept 30, June 30, Sept 30, In millions, except EPS 2022 2022 2021 Sales $ 772 $ 728 $ 572 Net income $ 19 $ 17 $ 8 Net income – non-GAAP(1) $ 20 $ 18 $ 14 Diluted earnings per share $ 0.53 $ 0.49 $ 0.23 Diluted EPS – non-GAAP(1) $ 0.57 $ 0.50 $ 0.39 Operating margin 3.3 % 3.1 % 2.1 % Operating margin – non-GAAP(1) 3.6 % 3.1 % 3.3 % (1)      A reconciliation of GAAP and non-GAAP results is included below.

BENCHMARK REPORTS THIRD QUARTER 2022 RESULTS

TEMPE, Ariz. , Oct. 12, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce its third quarter 2022 results on Wednesday, October 26, 2022, after the market closes.

BENCHMARK ELECTRONICS TO REPORT THIRD QUARTER 2022 RESULTS

Benchmark Will Provide YES with Flagship Product Line Manufacturing Support in Malaysia and New Product Engineering and Manufacturing Support in Arizona TEMPE, Ariz. , Oct. 6, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced it is partnering with Yield Engineering Systems (YES) to transfer the manufacturing of the YES flagship product line to its facility in Malaysia, as well as providing engineering and manufacturing support for YES's upcoming innovative modular wet process systems in the Phoenix, Arizona area.

Yield Engineering Systems Partners with Benchmark for Global Engineering and Manufacturing Support

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Benchmark Awarded for Excellence in Performance, Quality, and Responsiveness TEMPE, Ariz. , Sept. 21, 2022 /PRNewswire/ -- Benchmark Electronics , Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced it has been selected by Ouster , Inc. ("Ouster") , a leading provider of high-resolution digital lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries, as its Supply and Manufacturing Partner of the Year.

Ouster Selects Benchmark as its Supply and Manufacturing Partner of the Year

NYSE Event to be held November 8, 2022 TEMPE, Ariz. , Sept. 13, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced that it will be hosting an Investor and Analyst Day meeting from 9:00 to 12:30 ET on Tuesday, Nov. 8, 2022 at the New York Stock Exchange.

BENCHMARK ELECTRONICS TO HOST INVESTOR AND ANALYST DAY

Shares of Benchmark Electronics are currently wrestling with a multi-year overhead trendline. We see a breakout coming due to a strong acceleration in the company's earning power.

Benchmark Electronics: Eyeing Up A Breakout Entry

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Start Time: 17:00 January 1, 0000 5:34 PM ET Benchmark Electronics, Inc. (NYSE:BHE ) Q2 2022 Earnings Conference Call August 03, 2022, 17:00 PM ET Company Participants Jeff Benck - President and CEO Roop Lakkaraju - EVP and CFO Paul Mansky - Investor Relations and Corporate Development Conference Call Participants Operator Good afternoon and welcome to the Benchmark Electronics Conference Call. All participants will be in a listen-only mode.

Benchmark Electronics, Inc. (BHE) CEO Jeff Benck on Q2 2022 Results - Earnings Call Transcript

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A global price-fixing scheme implemented by Japanese, Korean, and Taiwanese capacitor manufacturers may finally be heading to trial, or due for a settlement benefitting AVT and BHE. Direct and indirect purchasers, like consumers, have been awarded total damages of roughly $700 million so far, through several rounds of settlements in a class action.

Avnet And Benchmark Shareholders Could Get A Settlement Gift

Second quarter 2022 results: Revenue of $728 million; 34% year-over-year growth Computing revenue growth of 73% year-over-year Industrials revenue growth of 59% year-over-year Medical revenue growth of 53% year-over-year Semi-Cap revenue growth of 26% year-over-year GAAP operating income up 110% year-over-year Non-GAAP operating income up 67% year-over-year GAAP diluted EPS of $0.49, up 145% year-over-year Non-GAAP diluted EPS of $0.50, up 85% year-over-year TEMPE, Ariz. , Aug. 3, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the second quarter ended June 30, 2022.

BENCHMARK REPORTS SECOND QUARTER 2022 RESULTS

TEMPE, Ariz. , July 20, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce its second quarter 2022 results on Wednesday, August 3, 2022, after the market closes.

BENCHMARK ELECTRONICS TO REPORT SECOND QUARTER 2022 RESULTS

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Company Will Host Expo Booth #11040 and Focus on How its Diverse Filter Designs Can Serve Applications from 10 Mhz to 40 Ghz and Above TEMPE, Ariz. , June 14, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), will be providing visitors with the latest word on high-performance RF/microwave filters and components from Benchmark Lark Technology at the 2022 IEEE International Microwave Symposium (IMS2022) Exhibition.

Benchmark Lark Technology Previews mmWave Filters at 2022 IMS

Company beats top and bottom-line estimates in Q1. Consensus earnings revisions continue to improve.

Benchmark Electronics: Beat Inflation With This Strong Momentum Play

Benchmark Electronics, Inc. (NYSE:BHE ) Q1 2022 Earnings Conference Call April 26, 2022 5:00 PM ET Company Participants Paul Mansky – Investor Relations Jeff Benck – Chief Executive Officer and President Roop Lakkaraju – Chief Financial Officer Conference Call Participants Jim Ricchiuti – Needham and Company Jaeson Schmidt – Lake Street Anja Soderstrom – Sidoti Operator Good afternoon and welcome to the Benchmark Electronics Incorporated First Quarter Earnings Conference Call. All participants will be in listen-only mode.

Benchmark Electronics' (BHE) CEO Jeff Benck on Q1 2022 Results - Earnings Call Transcript

First quarter 2022 results: Revenue of $636 million; 26% year-over-year growth Semi-Cap revenue growth of 12% quarter-over-quarter Industrials revenue growth of 10% quarter-over-quarter GAAP and non-GAAP gross margins of 9.1%, both up 80 basis points year-over-year GAAP diluted EPS of $0.31, up 41% year-over-year Non-GAAP diluted EPS of $0.44, up 110% year-over-year TEMPE, Ariz. , April 26, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the first quarter ended March 31, 2022.

BENCHMARK REPORTS FIRST QUARTER 2022 RESULTS

TEMPE, Ariz., April 19, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce its first quarter 2022 results on Tuesday, April 26, 2022, after the market closes.

BENCHMARK ELECTRONICS TO REPORT FIRST QUARTER 2022 RESULTS

Benchmark's BEX Olympics Program Recognized for its Impact on Improving the Company's Operational Efficiency by Leveraging Lean Six Sigma Principles TEMPE, Ariz. , April 5, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of design, engineering, and manufacturing services, today announced it has been recognized as a winner in the National Association of Manufacturers (NAM) 2022 Manufacturing Leadership Awards in the Transformational Cultures category.

National Association of Manufacturers selects Benchmark as Winner of the 2022 Manufacturing Leadership Awards in the Transformational Cultures Category

Benchmark was Selected due to its Experience in Manufacturing Advanced Electronics for Military's Industrial Base TEMPE, Ariz. , March 24, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced it has been selected by Dynetics, a wholly owned subsidiary of Leidos, to manufacture electronic components for the company's Enduring Shield mobile ground-based weapon system.

Dynetics Selects Benchmark to Manufacture the Electronics on its Enduring Shield System to Meet the U.S. Army Cruise Missile Defense Needs

Demonstrates Benchmark's Commitment to Sustainability as a Strategic and Operational Imperative TEMPE, Ariz. , March 21, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today released its first Sustainability Report, which it will publish on an annual basis.

Benchmark Releases First Sustainability Report Highlighting its Environmental, Social and Governance Priorities and Actions

TEMPE, Ariz., March 2, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, announced it has invested in new optical integration, photonics packaging, and photonics test capabilities at its RF and Photonics Center of Innovation in Phoenix.

Benchmark Invests in New Photonics Packaging and Integration Capabilities Critical to a Wide Range of Optical Applications

Benchmark Electronics, Inc. (BHE) CEO Jeffrey Benck on Q4 2021 Results - Earnings Call Transcript

TEMPE, Ariz. , Feb. 3, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the fourth quarter and year ended December 31, 2021.

BENCHMARK REPORTS FOURTH QUARTER AND FULL YEAR 2021 RESULTS

TEMPE, Ariz., Jan. 27, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce its fourth quarter and full year 2021 results on Thursday, February 3, 2022, after the market closes.

BENCHMARK ELECTRONICS TO REPORT FOURTH QUARTER AND FULL YEAR 2021 RESULTS

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