Welcome to our dedicated page for Benchmark Electronics news (Ticker: BHE), a resource for investors and traders seeking the latest updates and insights on Benchmark Electronics stock.
Benchmark Electronics, Inc. (NYSE: BHE) is a leading provider of comprehensive electronic manufacturing services (EMS) and precision technology solutions. As a multi-national corporation with a revenue exceeding $2.47 billion, Benchmark operates manufacturing sites across various global locations, including the United States, Mexico, Brazil, Romania, Netherlands, China, Singapore, Malaysia, and Thailand.
Benchmark specializes in offering a full suite of services that span the entire product lifecycle. These include design, manufacturing, testing, system assembly, order fulfillment, and warranty repair services tailored for a diverse range of electronic original equipment manufacturers (OEMs). The company's key market sectors consist of high-end computing and servers, medical technologies, telecommunications, test and measurement, industrial controls, and military/aerospace.
Benchmark's success is underpinned by its advanced technology, quality systems, and robust supply chain management capabilities. The corporation's extensive global footprint allows it to leverage economies of scale, benefiting from optimized purchasing power and world-class manufacturing processes.
In recent years, Benchmark has achieved notable milestones, including navigating supply chain challenges and operational efficiencies that have bolstered its financial performance. For example, in the second quarter of 2023, Benchmark exceeded its revenue and non-GAAP operating income guidance ranges, showcasing its resilience and strategic execution.
Currently, the corporation is well-positioned for future growth, with ongoing investments in diversified portfolios and high-complexity growth opportunities. Despite dynamic market conditions, Benchmark remains focused on delivering continued operating leverage and capturing significant market share within its targeted sectors.
Financially, Benchmark has demonstrated solid performance, with continuous improvements in gross and operating margins, positive cash flow from operations, and strategic reductions in inventory. The company's commitment to operational efficiency and strategic growth ensures long-term value for both customers and shareholders.
Benchmark's global operations, cutting-edge technology services, and high-quality manufacturing capabilities underline its significant role in the EMS industry. With a dedicated team and strong leadership, the company continues to drive innovation and efficiency, maintaining its status as a trusted partner for both established and emerging markets.
Lineage Logistics has appointed Lynn Wentworth to its Board of Directors, bringing over 30 years of experience in finance, technology, and logistics. Wentworth currently serves on the boards of Graphic Packaging (GPK) and Benchmark Electronics (BHE). Additionally, Natalie Matsler returns as Chief Legal Officer, tasked with overseeing global legal and compliance functions. Both appointments are positioned to enhance Lineage's strategic initiatives as it seeks to expand its global operations and optimize its supply chain.
Benchmark Electronics has been awarded the title of Supply and Manufacturing Partner of the Year by Ouster, Inc., recognizing its excellence in performance, quality, and responsiveness. The award is a testament to Benchmark's ability to meet industrial quality standards while supporting high-volume production of Ouster's digital lidar sensors. Since 2017, Benchmark has successfully shipped over 14,000 sensors from its Thailand facility, which features advanced production capabilities. This partnership highlights Benchmark's commitment to innovation and customer satisfaction in the rapidly evolving sensor technology sector.
Benchmark Electronics (NYSE: BHE) will host an Investor and Analyst Day on November 8, 2022, from 9:00 to 12:30 ET at the New York Stock Exchange. Key executives, including Jeff Benck and Roop K. Lakkaraju, will discuss the company's market opportunities, strategies, priorities, and financial goals. A live webcast will be available on Benchmark's Investor Relations website, with a replay and additional materials provided afterward. Benchmark operates globally across various sectors including aerospace and defense.
Benchmark Electronics, Inc. (BHE) has declared a third quarter 2022 cash dividend of $0.165 per share. This dividend is scheduled for payment on October 14, 2022, to shareholders of record as of September 30, 2022. Benchmark continues to provide innovative technology and engineering design services across various industries, including defense and medical sectors. The company operates globally and is committed to delivering comprehensive solutions to enhance shareholder value.
Benchmark Electronics (BHE) reported Q2 2022 revenue of $728 million, a 34% year-over-year increase. Key revenue growth sectors included Computing (+73%), Industrials (+59%), and Medical (+53%). GAAP operating income surged 110% to $22 million, while GAAP diluted EPS rose 145% to $0.49. The company anticipates Q3 2022 revenue between $715 - $755 million and diluted GAAP EPS between $0.41 - $0.46, factoring in ongoing supply chain challenges.
Benchmark Electronics (NYSE: BHE) will release its Q2 2022 results on August 3, 2022, after market close. A conference call to discuss the results is scheduled for 5:00 p.m. ET on the same day. Investors can access the live webcast and reference materials through the company’s website, www.bench.com. Benchmark provides comprehensive product lifecycle solutions across various industries, including aerospace, defense, and healthcare, with operations in seven countries.
Benchmark Electronics has declared a quarterly cash dividend of $0.165 per share for the second quarter of 2022. This dividend will be payable on July 14, 2022, to shareholders on record as of the close of business on June 30, 2022. This announcement reflects the company's commitment to returning value to its shareholders and indicates financial stability within its operations.
Benchmark Electronics (BHE) will showcase its high-performance RF/microwave filters at the IMS2022 Exhibition in Denver from June 21-23, 2022. The company, through its division Benchmark Lark Technology, is catering to sectors like aerospace, telecommunications, and space, highlighting filter designs that operate from 10 MHz to 40 GHz and beyond. Innovations include mmW-FH and mmW-STL Series bandpass filters, which focus on reducing size, weight, power, and cost. These advanced solutions are tailored for applications in 5G, automotive radar, and satellite communications.
Benchmark Electronics (BHE) reported strong Q1 2022 results with $636 million in revenue, reflecting a 26% year-over-year growth. Earnings per share (EPS) also improved, with a GAAP diluted EPS of $0.31 and non-GAAP diluted EPS of $0.44, up 41% and 110% year-over-year, respectively. While supply constraints persist, the company anticipates double-digit growth for the year, supported by proactive inventory management. The guidance for Q2 2022 projects revenue between $615 and $655 million and EPS between $0.33 and $0.39.
Benchmark Electronics, based in Tempe, Arizona, will release its first quarter 2022 results on April 26, 2022, after market close. A conference call to discuss these results is scheduled for 5:00 p.m. Eastern Time on the same day. Investors can access a live webcast of the call and related materials on the Company's website at www.bench.com. Following the call, a replay will also be available. Benchmark Electronics operates globally, providing manufacturing services across multiple sectors including aerospace, defense, and telecommunications.
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