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 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.
Benchmark Electronics, Inc. (NYSE: BHE) has declared a quarterly dividend of $0.16 per share. This dividend will be payable on July 14, 2020 to shareholders recorded by the close of business on June 30, 2020.
Benchmark operates across various industries including commercial aerospace, defense, medical technologies, and semiconductor capital equipment, showcasing its extensive global operations in seven countries.