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.
Benchmark Electronics, Inc. reports developments for a global engineering, design, and manufacturing services company serving advanced computing and communications, aerospace and defense, industrial, medical, and semiconductor capital equipment markets. News for BHE commonly covers quarterly and annual results, revenue outlook, margin and cash-flow commentary, customer programs, U.S.-based manufacturing partnerships, technology leadership, and quarterly cash dividends. The company describes solutions across the product lifecycle, combining engineering services, supply-chain capabilities, and manufacturing operations in facilities across seven countries.
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.
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.