Benchmark Electrs Inc Stock Price, News & Analysis

Benchmark Electronics, Inc. (BHE) announced the appointment of Dave Clark as the new senior vice president and chief procurement officer, effective Sept. 13, 2021. Clark, who brings over 25 years of extensive supply chain experience, will lead the company’s global Supply Chain Management organization. He previously held senior roles in private equity services and at Celestica and Plexus. Clark succeeds John Russell, who transitions to lead the Project Management Office, focusing on new product launches. This leadership change aims to enhance operational excellence across the purchasing value stream.

AEye, Inc. (NASDAQ: LIDR) announced a partnership with Benchmark Electronics (NYSE: BHE) to enhance the manufacturing of its 4Sight LiDAR sensors. This collaboration focuses on producing critical optical components, ensuring quality and rapid scalability for industrial applications. AEye's innovative LiDAR technology offers industry-leading performance validated by third-party labs, designed for various markets, including autonomous vehicles and smart cities. The partnership aims to leverage Benchmark's manufacturing expertise to meet growing demand effectively.

Benchmark Electronics reported a strong performance for the second quarter of 2021, achieving sales of $545 million, a 10.9% increase from $491 million a year earlier. Net income was $7 million, compared to a loss of $3 million in Q2 2020. The company saw positive momentum, particularly in the Semi-Cap, Industrial, and Telecommunications sectors. Operating margins improved to 2.0%, while cash conversion cycle days decreased to 64. Looking ahead, Benchmark anticipates third-quarter revenues between $555 and $595 million.

Benchmark Electronics (NYSE: BHE) will announce its Q2 2021 results on July 28, 2021, after the market closes. A conference call will follow at 5:00 p.m. Eastern Time to discuss the results. Investors can access the live webcast on the Company's website, with a replay available until August 4, 2021. Benchmark specializes in comprehensive solutions throughout the product life cycle, focusing on sectors like aerospace, defense, and medical. It operates globally across seven countries and emphasizes innovative technology and world-class manufacturing.

Benchmark Electronics (NYSE: BHE) declared a quarterly dividend of $0.165 per share, payable on July 14, 2021. The record date is set for June 30, 2021. This decision reflects the company’s commitment to returning value to its shareholders.

Benchmark provides engineering design services and manufacturing solutions across industries such as aerospace, defense, and medical, operating globally with facilities in seven countries.

Benchmark Electronics has announced a quarterly dividend increase from 16 cents to 16.5 cents per common share, raising the annual dividend from $0.64 to $0.66. This increase demonstrates the Board's commitment to enhancing shareholder value and reflects confidence in the company's performance and growth strategies. CEO Jeff Benck highlighted this decision as part of a broader financial strategy aimed at capital allocation.

Benchmark Electronics (BHE) reported Q1 2021 results with sales at $506 million, a decrease from $521 million in Q4 2020. Net income remained stable at $8 million, with a diluted EPS of $0.22. The Semi-Cap market showed strong growth, with revenues up 37% year-over-year. Despite a 4% decline in higher-value markets, traditional markets saw an 8% increase, driven by computing. The company projects Q2 2021 revenue guidance between $515 million and $555 million. Restructuring charges are expected between $0.8 million and $1.2 million.

Benchmark Electronics (NYSE: BHE) will release its first quarter 2021 financial results on April 28, 2021, following the market's closing. A conference call discussing these results is scheduled for 5:00 p.m. Eastern Time that same day. Interested parties can access a live webcast on the company's website and will have the option to replay it until May 5, 2021. Benchmark operates in sectors such as commercial aerospace, defense, and medical, with facilities in seven countries.

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.