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 selected by Geophysical Technologies Inc. (GTI) to scale up production of its NuSeis NRU 1C seismic sensors. These sensors play a crucial role in seismic systems for applications such as resource extraction and earthquake monitoring. GTI highlights Benchmark's advanced manufacturing capabilities and commitment to reliability as key factors for this partnership. Additionally, Benchmark will assist GTI in relocating its manufacturing to North America, enhancing cost efficiency and material procurement.
Benchmark Electronics, Inc. (NYSE: BHE) has declared a quarterly dividend of $0.16 per share. This dividend will be payable on April 14, 2021, to shareholders recorded as of the close of business on March 31, 2021. The company is known for its comprehensive solutions across various industries, including aerospace, defense, and medical sectors, emphasizing innovative technology and engineering design services. Benchmark operates globally with facilities in seven countries, showcasing its strength in worldwide manufacturing capabilities.
Benchmark Electronics (NYSE: BHE) reported fourth-quarter earnings for 2020, revealing net income of $8 million, up from a loss of $7 million in Q4 2019. The company's sales reached $521 million, slightly increased from $508 million in the prior year. Non-GAAP diluted earnings per share were $0.34, compared to $0.27 a year earlier. Despite a decline in total annual sales to $2.05 billion from $2.27 billion in 2019, Benchmark generated $95 million in operating cash flow for Q4 and $120 million for the year. Looking ahead, revenue is projected between $480-$520 million for Q1 2021.
COMSovereign Holding Corp. (Nasdaq: COMS) has finalized the acquisition of a 140,000 sq. ft. manufacturing facility in Tucson, Arizona. This site will become the principal manufacturing hub for the company's 4G LTE and 5G communication products, supporting their goal of producing goods in the U.S. Improvements to the facility are underway, with production expected to begin in the third quarter of 2021. The acquisition is part of a strategy to enhance operational efficiency and accelerate product delivery for both commercial and government markets.
Benchmark Electronics will announce its fourth quarter and FY 2020 results on February 4, 2021, after market close. A conference call to discuss these results will take place at 5:00 p.m. ET the same day. Investors can access the live webcast and related materials through the company's website, with a replay available until February 11. Benchmark offers comprehensive solutions across various sectors including aerospace, defense, and medical, and its shares trade under the symbol BHE on the NYSE.
Benchmark Electronics, Inc. (NYSE: BHE) announced a quarterly dividend of $0.16 per share, payable on January 13, 2021, to shareholders on record as of December 30, 2020. This dividend reflects the company's commitment to returning value to its shareholders. Benchmark provides innovative technology and engineering solutions across various industries, including aerospace and defense, with operations in seven countries.
Benchmark Electronics (BHE) reported Q3 2020 results with revenue of $526 million, up from $491 million in Q2 2020 but down from $555 million in Q3 2019. The company achieved a net income of $6 million, compared to a loss of $3 million in Q2 2020. Non-GAAP net income was $12 million. Key growth drivers included a 45% year-over-year increase in Semi-cap and an 18% rise in Aerospace and Defense sectors. The company expects revenue between $500 - $540 million for Q4 2020, with diluted GAAP earnings projected between $0.20 - $0.24 per share.
Benchmark Electronics (NYSE: BHE) announces support for ZOLL Medical Corporation in boosting the production of EMV+ ventilators amid the COVID-19 pandemic. The collaboration aims to enhance the availability of these life-saving devices, responding to a government request for increased ventilator supply. Benchmark efficiently scaled operations, setting up manufacturing lines in just six weeks, ensuring high-quality standards. This partnership highlights Benchmark’s expertise in medical equipment manufacturing and commitment to supporting healthcare during critical times.
Benchmark Electronics (NYSE: BHE) will announce its third quarter 2020 results on Wednesday, October 28, 2020, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results.
The live webcast and reference materials can be accessed via the Company’s website. A replay will be available until November 4, 2020.
Benchmark offers solutions across various industries including aerospace, defense, and medical, supported by a global supply chain.
Benchmark Electronics has declared a quarterly dividend of $0.16 per share, set for payment on October 14, 2020. The record date for shareholders is September 30, 2020. This decision reflects the company's commitment to providing consistent returns to its shareholders. Benchmark operates globally, offering solutions in industries such as aerospace, defense, and medical. With facilities in seven countries, the company continues to leverage its engineering and manufacturing expertise.
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