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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) announced a quarterly cash dividend of $0.165 per share on March 13, 2023. This dividend will be payable on April 13, 2023 to shareholders of record as of March 31, 2023. Benchmark operates in various sectors, including commercial aerospace, defense, and medical equipment, and emphasizes innovative technology and engineering design services.
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Benchmark Electronics reported fourth quarter 2022 revenue of $751 million, up 19% year-over-year. GAAP operating income rose 45%, leading to a GAAP diluted EPS of $0.60, reflecting a 71% increase compared to the previous year. For the full year, revenue reached $2,886 million, a 28% increase, with notable growth in Advanced Computing and Next Gen Communications at 45%. The company reported a GAAP diluted EPS of $1.91 for 2022, up 93%. Looking ahead, Q1 2023 guidance estimates revenue between $640 and $680 million with EPS projections of $0.35 to $0.40.
Benchmark Electronics (NYSE: BHE) will report its fourth quarter 2022 results on February 1, 2023, after the market closes. The company will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss these results. Interested parties can access the live webcast and supporting materials on the Benchmark Investor Relations website at ir.bench.com. A replay will be available post-event. Benchmark offers solutions across multiple industries, including commercial aerospace, defense, and medical equipment, supported by its optimized global supply chain.
Benchmark Electronics (NYSE: BHE) announced the appointment of Douglas Britt as an independent director on January 9, 2023, following the retirement of Douglas Duncan, a board member since 2006. Britt brings extensive operational and strategic experience, previously serving as CEO of Boyd Corporation and holding leadership roles at Flex and other firms. His expertise is expected to enhance Benchmark's strategic objectives. The board expressed gratitude for Duncan's contributions over 16 years while welcoming Britt's significant industry knowledge.
Benchmark Electronics, Inc. (BHE) declared a cash dividend of $0.165 per share for the fourth quarter of 2022. This dividend is payable on January 13, 2023, to shareholders recorded by December 30, 2022. The company's operations span various industries, including aerospace, defense, and medical, emphasizing its global manufacturing capabilities. The announcement reflects the company's commitment to returning value to shareholders while supporting its diverse operational growth.
Benchmark Electronics hosted its Investor and Analyst Day on November 8, 2022, at the New York Stock Exchange, marking 25 years of listing. CEO Jeff Benck and CFO Roop K. Lakkaraju presented the company's fiscal 2023 guidance, forecasting revenue of $2.85-$2.95 billion, non-GAAP operating margin of 4.1%-4.5%, and non-GAAP diluted EPS of $2.35-$2.45. Additionally, the company expects free cash flow of $70-$90 million. The detailed plans were shared through a live webcast available on their Investor Relations website.
Benchmark Electronics reported third-quarter 2022 revenue of $772 million, marking a 35% year-over-year increase. Notable sector growth included Computing and Telecommunications with 60% growth, and Industrials growing 44%. GAAP operating income surged 114%, with GAAP diluted EPS reaching $0.53, up 130%. Looking ahead, fourth-quarter revenue is projected between $760 - $800 million with EPS estimates between $0.52 - $0.56. Benchmark emphasizes strong execution despite industry challenges and plans to discuss long-term strategy on November 8.
Benchmark Electronics, based in Tempe, Arizona, will announce its third quarter 2022 results on October 26, 2022, after market close. A conference call to discuss the results will be held at 5:00 p.m. Eastern Time on the same day, with a live webcast available on the company's website. Benchmark provides comprehensive solutions across various industries including commercial aerospace, defense, and medical, with shares traded on the NYSE under the symbol BHE.