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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 (BHE) reported strong Q1 2022 results with $636 million in revenue, reflecting a 26% year-over-year growth. Earnings per share (EPS) also improved, with a GAAP diluted EPS of $0.31 and non-GAAP diluted EPS of $0.44, up 41% and 110% year-over-year, respectively. While supply constraints persist, the company anticipates double-digit growth for the year, supported by proactive inventory management. The guidance for Q2 2022 projects revenue between $615 and $655 million and EPS between $0.33 and $0.39.
Benchmark Electronics, based in Tempe, Arizona, will release its first quarter 2022 results on April 26, 2022, after market close. A conference call to discuss these results is scheduled for 5:00 p.m. Eastern Time on the same day. Investors can access a live webcast of the call and related materials on the Company's website at www.bench.com. Following the call, a replay will also be available. Benchmark Electronics operates globally, providing manufacturing services across multiple sectors including aerospace, defense, and telecommunications.
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Benchmark Electronics (BHE) has been chosen by Dynetics, a subsidiary of Leidos, to manufacture electronic components for the U.S. Army's Enduring Shield system, aimed at defending against aerial threats. The production will take place at Benchmark's facility in Huntsville, Alabama, which is strategically located near key military projects. Dynetics praises Benchmark's experience in defense manufacturing, emphasizing the company's reliability and cost-competitive processes. This partnership highlights Benchmark's commitment to supporting advanced military technologies.
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Benchmark Electronics has declared a first quarter 2022 cash dividend of $0.165 per share. This dividend will be payable on April 14, 2022, to shareholders on record as of the close of business on March 31, 2022. Benchmark, which operates globally, provides manufacturing and engineering design services across diverse industries, including aerospace and defense.
On March 2, 2022, Benchmark Electronics (NYSE: BHE) announced a significant investment in photonics capabilities at its RF and Photonics Center in Phoenix, Arizona. This enhancement includes new photonics packaging and testing technologies aimed at advancing applications in high-speed communications, computing, and sensors. The investment aims to strengthen Benchmark's competitive position in the photonics market. The company will showcase its capabilities at the Optical Fiber Communication Conference from March 8-10, 2022.
Benchmark Electronics (NYSE: BHE) reported strong financial results for Q4 and the full year 2021, with revenue reaching $633 million, a 21% increase year-over-year. Net income rose to $12 million, translating to a diluted EPS of $0.35. For the year, total sales were $2.255 billion, a 10% growth from 2020, driven by significant gains in the Semi-Cap, Computing, and Industrials sectors. Looking ahead, the company anticipates revenue of $565-$605 million for Q1 2022 and expects continued earnings growth supported by strong demand across its portfolio.
Benchmark Electronics (NYSE: BHE) will release its fourth quarter and full year 2021 results on February 3, 2022, after market close. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time to discuss the results. Interested parties can access the live webcast on the company's website, with a replay available until February 10, 2022. Benchmark Electronics provides innovative solutions across various industries, including aerospace and medical sectors, and operates globally.
Titan Medical Inc. (TMDI) has signed a manufacturing and supply agreement with Benchmark Electronics (BHE) for the production of its Enos™ robotic surgical system workstations and patient carts. The partnership aims to support human studies planned for 2023, which are essential for the company's FDA De Novo application for marketing clearance. Benchmark's expertise in complex medical device manufacturing and engineering is expected to enhance the quality and scalability of Titan's production capabilities, reinforcing Titan's position in robotic surgery innovation.