Welcome to our dedicated page for Benchmark Electrs news (Ticker: BHE), a resource for investors and traders seeking the latest updates and insights on Benchmark Electrs stock.
Company Overview
Benchmark Electronics Inc (BHE) is a diversified provider of electronic manufacturing services (EMS) and engineering design solutions. The company delivers end-to-end support including design, production, testing, system assembly, order fulfillment, and warranty repair services. With a focus on advanced technology and precision engineering, Benchmark Electronics caters to a broad spectrum of industries while leveraging an extensive global supply chain and state-of-the-art production facilities.
Comprehensive Business Model
At its core, Benchmark Electronics specializes in providing a full spectrum of services that cover every stage of the product life cycle. Its services are designed to guide products from initial concept to final delivery, ensuring high performance, reliability, and efficiency. The company excels in:
- Innovative Engineering Design: Offering integrated design services that form the foundation for high-performance electronic products.
- Advanced Manufacturing: Utilizing modern automated processes and precision technology to meet high quality and efficiency standards.
- End-to-End Production Support: Managing every phase from system assembly to rigorous product testing, ensuring the reliability of manufactured electronics.
- Global Supply Chain Management: Harnessing worldwide operational facilities to optimize material sourcing, inventory management, and logistics, thus supporting clients in multiple regions.
Industry Specialization and Market Position
Benchmark Electronics has strategically positioned itself within sectors that require both high reliability and technical complexity. Its service offering is integral to industries such as:
- Aerospace & Defense: Supporting the development and maintenance of high-performance systems where precision and durability are critical.
- Medical Technologies: Enabling the creation of advanced medical equipment with stringent quality control and innovative design processes.
- Advanced Computing & Telecommunications: Providing manufacturing solutions for high-end computing systems and next-generation communication devices.
- Complex Industrials & Semiconductor Capital Equipment: Facilitating the production of sophisticated electronic components in challenging industrial environments.
Global Operational Excellence
Benchmark Electronics operates a widespread network of manufacturing facilities located across North America, Europe, Asia, and Latin America. This extensive geographic spread allows the company to efficiently cater to its global clientele, ensuring rapid production cycles and localized support wherever needed. By maintaining world-class quality systems and adopting flexible production techniques, Benchmark meets the high technology and quality requirements demanded by its clients.
Competitive Advantages and Industry Expertise
The company's competitive edge is built upon its integrated approach that combines engineering excellence with cutting-edge manufacturing capabilities. Key advantages include:
- Scalability and Flexibility: A manufacturing model that adapts to varying production scales and dynamically responds to market demand.
- Technological Innovation: Continuous advancements in process automation and design engineering that keep Benchmark at the forefront of technological progress.
- Operational Efficiency: Optimized supply chain and lean manufacturing practices that deliver efficiency, high quality, and minimized production cycles.
- Deep Industry Knowledge: Extensive experience in complex industries, which enhances the company’s ability to tailor solutions to specific market needs while upholding rigorous quality standards.
Commitment to Excellence
Benchmark Electronics remains committed to delivering comprehensive solutions across the entire product lifetime. Its emphasis on quality, precision engineering, and advanced manufacturing processes not only addresses current market requirements but also sets industry benchmarks in operational excellence. The company’s methodical approach ensures that every step— from engineering design through to global supply chain execution—is optimized for efficiency and reliability.
Conclusion
In summary, Benchmark Electronics Inc stands as a robust partner in the electronics manufacturing services sector. By combining innovative engineering, advanced manufacturing techniques, and a strong global footprint, BHE delivers integrated solutions that serve a broad range of high-tech industries. Its commitment to quality and operational efficiency underscores its significance as a key player in the competitive EMS landscape.
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.
Benchmark Electronics, Inc. (NYSE: BHE) has partnered with DnaNudge to manufacture the CovidNudge RT-PCR COVID-19 testing system, which requires no lab and delivers results in just over an hour. The U.K. government has ordered 5.8 million test kits for NHS hospitals starting September 2020, following successful validation. Benchmark's involvement includes optimizing design and supply chain services, enabling rapid production. This partnership aims to meet the rising global demand for COVID-19 testing.
COMSovereign Holding Corp. has expanded its partnership with Benchmark Electronics (BHE) to enhance manufacturing capacity for its DragonWave Harmony Enhanced MC model radios, aimed at mobile network backhaul infrastructure. This move comes as demand rises for high-capacity solutions to support the transition to 5G technology. By selecting Benchmark, COMSovereign aims to ensure timely delivery of its products starting in September. Benchmark's expertise in global radio manufacturing is expected to help COMSovereign convert its growing backlog into sales efficiently.
Benchmark Electronics reported a second quarter net loss of $3 million, a drop from $9 million in 2019. Sales for the quarter were $491 million, down from $602 million year-over-year, influenced by COVID-19 costs of approximately $4.1 million. The operating margin fell to (0.4)% compared to 2.0% last year. However, a strong performance was noted in the Medical and Semi-cap sectors, projecting revenues in the third quarter between $490 - $530 million and GAAP EPS between $0.21 - $0.26.
Benchmark Electronics (NYSE: BHE) has completed phase two of a five-phase project to deliver Mobile Video Surveillance Systems (MVSS) to the Department of Homeland Security, receiving an order for 137 new systems. This initiative supports U.S. Border Patrol operations, enhancing situational awareness and safety for agents. The MVSS incorporates advanced technology, including infrared cameras and PureActiv™ software, to provide real-time tracking of intruders over six miles. The remaining units are set for delivery by the end of 2021, emphasizing Benchmark's commitment to providing timely, U.S.-manufactured solutions.
Benchmark Electronics (NYSE: BHE) will release its second quarter 2020 results on July 29, 2020, after market close. A conference call to discuss the results is set for 5:00 p.m. Eastern Time on the same day. Interested parties can access the live webcast and related materials at Benchmark's website. A replay will be available until August 5, 2020. Benchmark specializes in innovative technology and engineering design services, serving sectors like aerospace, defense, and advanced computing.
Benchmark Electronics (NYSE:BHE) has partnered with CoreKinect to enhance the design and manufacturing of Internet of Things (IoT) products in the USA. The collaboration leverages Benchmark's state-of-the-art facility in Phoenix, Arizona, known for its lower business costs and skilled workforce. This partnership aims to deliver fully customized hardware solutions across various sectors, including aerospace, defense, and healthcare. With rising demand for IoT solutions, Benchmark emphasizes its investments in capabilities to meet customer needs efficiently.
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