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.
Benchmark Electronics (BHE) has been chosen by Dynetics, a subsidiary of Leidos, to manufacture electronic components for the U.S. Army's Enduring Shield system, aimed at defending against aerial threats. The production will take place at Benchmark's facility in Huntsville, Alabama, which is strategically located near key military projects. Dynetics praises Benchmark's experience in defense manufacturing, emphasizing the company's reliability and cost-competitive processes. This partnership highlights Benchmark's commitment to supporting advanced military technologies.
Benchmark Electronics has declared a first quarter 2022 cash dividend of $0.165 per share. This dividend will be payable on April 14, 2022, to shareholders on record as of the close of business on March 31, 2022. Benchmark, which operates globally, provides manufacturing and engineering design services across diverse industries, including aerospace and defense.
On March 2, 2022, Benchmark Electronics (NYSE: BHE) announced a significant investment in photonics capabilities at its RF and Photonics Center in Phoenix, Arizona. This enhancement includes new photonics packaging and testing technologies aimed at advancing applications in high-speed communications, computing, and sensors. The investment aims to strengthen Benchmark's competitive position in the photonics market. The company will showcase its capabilities at the Optical Fiber Communication Conference from March 8-10, 2022.
Benchmark Electronics (NYSE: BHE) reported strong financial results for Q4 and the full year 2021, with revenue reaching $633 million, a 21% increase year-over-year. Net income rose to $12 million, translating to a diluted EPS of $0.35. For the year, total sales were $2.255 billion, a 10% growth from 2020, driven by significant gains in the Semi-Cap, Computing, and Industrials sectors. Looking ahead, the company anticipates revenue of $565-$605 million for Q1 2022 and expects continued earnings growth supported by strong demand across its portfolio.
Benchmark Electronics (NYSE: BHE) will release its fourth quarter and full year 2021 results on February 3, 2022, after market close. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time to discuss the results. Interested parties can access the live webcast on the company's website, with a replay available until February 10, 2022. Benchmark Electronics provides innovative solutions across various industries, including aerospace and medical sectors, and operates globally.
Titan Medical Inc. (TMDI) has signed a manufacturing and supply agreement with Benchmark Electronics (BHE) for the production of its Enos™ robotic surgical system workstations and patient carts. The partnership aims to support human studies planned for 2023, which are essential for the company's FDA De Novo application for marketing clearance. Benchmark's expertise in complex medical device manufacturing and engineering is expected to enhance the quality and scalability of Titan's production capabilities, reinforcing Titan's position in robotic surgery innovation.
Benchmark Electronics (NYSE: BHE) declared a quarterly dividend of $0.165 per share, payable on January 13, 2022. Shareholders of record will be those holding shares at the market close on December 30, 2021. This dividend underscores the company's commitment to returning value to its shareholders. With operations across seven countries, Benchmark specializes in various sectors, including defense, medical, and telecommunications, providing comprehensive solutions throughout the product life cycle.
Benchmark Electronics (BHE) reported strong Q3 2021 financial results with $572 million in sales, up 5% sequentially and 9% year-over-year. Net income rose to $8 million with a diluted EPS of $0.23. Non-GAAP gross margins improved to 9.4%, and operating margins increased to 3.3% non-GAAP. The company anticipates double-digit year-over-year growth in Q4, with revenues projected between $560 million and $610 million.
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