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 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.
Benchmark Electronics has partnered with Yield Engineering Systems (YES) to enhance semiconductor manufacturing capabilities. The collaboration involves transferring the YES flagship product line to Benchmark's facility in Malaysia and providing engineering support in Arizona. YES specializes in technologies that improve semiconductor production efficiency. The partnership is timely due to the rising demand for semiconductor manufacturing support spurred by the CHIPS Act. Benchmark's expertise in mechatronic engineering and precision machining will play a critical role in this initiative.
Lineage Logistics has appointed Lynn Wentworth to its Board of Directors, bringing over 30 years of experience in finance, technology, and logistics. Wentworth currently serves on the boards of Graphic Packaging (GPK) and Benchmark Electronics (BHE). Additionally, Natalie Matsler returns as Chief Legal Officer, tasked with overseeing global legal and compliance functions. Both appointments are positioned to enhance Lineage's strategic initiatives as it seeks to expand its global operations and optimize its supply chain.
Benchmark Electronics has been awarded the title of Supply and Manufacturing Partner of the Year by Ouster, Inc., recognizing its excellence in performance, quality, and responsiveness. The award is a testament to Benchmark's ability to meet industrial quality standards while supporting high-volume production of Ouster's digital lidar sensors. Since 2017, Benchmark has successfully shipped over 14,000 sensors from its Thailand facility, which features advanced production capabilities. This partnership highlights Benchmark's commitment to innovation and customer satisfaction in the rapidly evolving sensor technology sector.
Benchmark Electronics (NYSE: BHE) will host an Investor and Analyst Day on November 8, 2022, from 9:00 to 12:30 ET at the New York Stock Exchange. Key executives, including Jeff Benck and Roop K. Lakkaraju, will discuss the company's market opportunities, strategies, priorities, and financial goals. A live webcast will be available on Benchmark's Investor Relations website, with a replay and additional materials provided afterward. Benchmark operates globally across various sectors including aerospace and defense.
Benchmark Electronics, Inc. (BHE) has declared a third quarter 2022 cash dividend of $0.165 per share. This dividend is scheduled for payment on October 14, 2022, to shareholders of record as of September 30, 2022. Benchmark continues to provide innovative technology and engineering design services across various industries, including defense and medical sectors. The company operates globally and is committed to delivering comprehensive solutions to enhance shareholder value.
Benchmark Electronics (BHE) reported Q2 2022 revenue of $728 million, a 34% year-over-year increase. Key revenue growth sectors included Computing (+73%), Industrials (+59%), and Medical (+53%). GAAP operating income surged 110% to $22 million, while GAAP diluted EPS rose 145% to $0.49. The company anticipates Q3 2022 revenue between $715 - $755 million and diluted GAAP EPS between $0.41 - $0.46, factoring in ongoing supply chain challenges.
Benchmark Electronics (NYSE: BHE) will release its Q2 2022 results on August 3, 2022, after market close. A conference call to discuss the results is scheduled for 5:00 p.m. ET on the same day. Investors can access the live webcast and reference materials through the company’s website, www.bench.com. Benchmark provides comprehensive product lifecycle solutions across various industries, including aerospace, defense, and healthcare, with operations in seven countries.