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) has announced it will release its fourth quarter and fiscal year 2024 financial results on Wednesday, January 29, 2025, after the market closes. The company will host a conference call and webcast at 5:00 p.m. Eastern Time on the same day to discuss the results.
The earnings call will be accessible via a toll-free dial-in number (800-549-8228) with conference ID 48844. A live audio webcast and supporting materials will be available on the company's investor relations website. The webcast replay will remain accessible on the company's website for 12 months following the call.
Benchmark Electronics (NYSE: BHE) has announced its quarterly cash dividend for the fourth quarter of 2024. The company's Board of Directors has declared a dividend of $0.17 per share. The dividend will be paid on January 14, 2025, to shareholders who are recorded in the company's books at the close of business on December 31, 2024.
Benchmark Electronics (NYSE: BHE) reported Q3 2024 financial results with revenue of $658 million, down from $720 million in Q3 2023. The company generated $39 million in operating cash flow and $29 million in free cash flow. GAAP earnings per share were $0.42, while non-GAAP EPS reached $0.57. The company maintained strong margins with GAAP operating margin at 4.3% and non-GAAP at 5.3%. Semi-Cap sector led revenue at 28%, while decreases were noted in Medical and AC&C sales. For Q4 2024, Benchmark guides revenue between $640-680 million with non-GAAP EPS of $0.53-$0.59.
Benchmark Electronics (NYSE: BHE) has announced that it will release its third quarter 2024 financial results on Wednesday, October 30, 2024, after the market closes. The company will host a conference call and live audio webcast to discuss these results on the same day at 5:00 p.m. Eastern Time.
Investors and interested parties can access the earnings call through a toll-free dial-in number (800-343-4136) with the conference ID BE3Q24. Additionally, a live webcast of the call, along with supporting materials, will be available on the Benchmark Investor Relations website at ir.bench.com or through the provided webcast link.
Following the call, a webcast replay will be accessible on the company's website for 12 months. Pre-registration for the event is recommended.
Benchmark Electronics (NYSE: BHE) has appointed Bryan Schumaker as its new Chief Financial Officer, effective October 8, 2024. Schumaker brings over 20 years of financial and leadership experience to the role. He previously served as CFO at SOURCE Global, where he transformed financial operations and contributed to quadrupling revenue growth. His prior roles include CFO positions at TPI Composites and 8point3 Energy Partners.
At Benchmark, Schumaker will oversee financial operations, strategic planning, capital structure management, and investor relations. His appointment aligns with Benchmark's commitment to enhancing leadership strength as the company expands operations. Schumaker holds a Bachelor's degree in Accounting and is a Certified Public Accountant.
Benchmark Electronics (NYSE: BHE) celebrated the grand opening of its fourth facility in Penang, Malaysia. This new 8,000+ sq. meter facility will focus on serving customers in semiconductor capital equipment and commercial aerospace sectors. It enhances Benchmark's capacity and expertise in the APAC region, allowing for vertical integration of key capabilities.
The expansion aims to support the anticipated growth of the semiconductor industry in 2025 and beyond. The facility will offer advanced capabilities such as e-beam welding, large form factor 5-axis machining, and type-2 cleaning. It will also establish one of the largest welding and frame manufacturing centers in the region.
Benchmark plans to hire up to 200 people over the next few years, adding to its current workforce of about 1,500 in Penang. This expansion brings Benchmark's total production space in Penang to over 40,000 sq. meters.
Benchmark Electronics (NYSE: BHE) has announced a quarterly cash dividend of $0.17 per share for the third quarter of 2024. The dividend will be payable on October 11, 2024, to shareholders of record at the close of business on September 30, 2024. This announcement demonstrates the company's commitment to returning value to its shareholders through regular dividend payments. The decision to maintain the dividend at this level may indicate stability in Benchmark Electronics' financial position and confidence in its future prospects.
Benchmark Electronics (NYSE: BHE) reported solid Q2 2024 results with revenue of $666 million and GAAP earnings per share of $0.43. The company generated $56 million in operating cash flow and $47 million in free cash flow. Gross margin stood at 10.2%, while GAAP and non-GAAP operating margins were 4.1% and 5.1%, respectively. The Board of Directors increased the quarterly dividend from $0.165 to $0.17 per share. Despite market uncertainties, Benchmark remains focused on executing for customers, protecting margins, reducing inventories, and delivering positive free cash flow, which is now expected to exceed $120 million in FY 2024. The company provided Q3 2024 guidance with revenue between $630-$670 million and diluted GAAP EPS between $0.36-$0.42.
Benchmark Electronics (NYSE: BHE) has announced it will release its second quarter 2024 financial results on Tuesday, July 30, 2024, after the market closes. The company will host a conference call and live audio webcast on the same day at 5:00 p.m. Eastern Time to discuss the results.
Investors and analysts can access the call via a toll-free dial-in number (800-791-4799) using the conference ID 61229. A live webcast of the call, along with supporting materials, will be available on the Benchmark Investor Relations website. Pre-registration for the webcast is recommended.
Following the call, a webcast replay will be accessible on the company's website for 12 months, providing an opportunity for those unable to attend the live event to review the discussion and results.
Benchmark Electronics (NYSE: BHE) has declared a second quarter 2024 cash dividend of $0.165 per share.
This dividend will be payable on July 12, 2024, to shareholders of record as of June 28, 2024. The announcement was made on June 10, 2024, by the company's Board of Directors.