Benchmark Electrs Inc Stock Price, News & Analysis

Benchmark Electronics has announced a quarterly dividend increase from 16 cents to 16.5 cents per common share, raising the annual dividend from $0.64 to $0.66. This increase demonstrates the Board's commitment to enhancing shareholder value and reflects confidence in the company's performance and growth strategies. CEO Jeff Benck highlighted this decision as part of a broader financial strategy aimed at capital allocation.

Benchmark Electronics (BHE) reported Q1 2021 results with sales at $506 million, a decrease from $521 million in Q4 2020. Net income remained stable at $8 million, with a diluted EPS of $0.22. The Semi-Cap market showed strong growth, with revenues up 37% year-over-year. Despite a 4% decline in higher-value markets, traditional markets saw an 8% increase, driven by computing. The company projects Q2 2021 revenue guidance between $515 million and $555 million. Restructuring charges are expected between $0.8 million and $1.2 million.

Benchmark Electronics (NYSE: BHE) will release its first quarter 2021 financial results on April 28, 2021, following the market's closing. A conference call discussing these results is scheduled for 5:00 p.m. Eastern Time that same day. Interested parties can access a live webcast on the company's website and will have the option to replay it until May 5, 2021. Benchmark operates in sectors such as commercial aerospace, defense, and medical, with facilities in seven countries.

Benchmark Electronics (BHE) has been selected by Geophysical Technologies Inc. (GTI) to scale up production of its NuSeis NRU 1C seismic sensors. These sensors play a crucial role in seismic systems for applications such as resource extraction and earthquake monitoring. GTI highlights Benchmark's advanced manufacturing capabilities and commitment to reliability as key factors for this partnership. Additionally, Benchmark will assist GTI in relocating its manufacturing to North America, enhancing cost efficiency and material procurement.

Benchmark Electronics, Inc. (NYSE: BHE) has declared a quarterly dividend of $0.16 per share. This dividend will be payable on April 14, 2021, to shareholders recorded as of the close of business on March 31, 2021. The company is known for its comprehensive solutions across various industries, including aerospace, defense, and medical sectors, emphasizing innovative technology and engineering design services. Benchmark operates globally with facilities in seven countries, showcasing its strength in worldwide manufacturing capabilities.

Benchmark Electronics (NYSE: BHE) reported fourth-quarter earnings for 2020, revealing net income of $8 million, up from a loss of $7 million in Q4 2019. The company's sales reached $521 million, slightly increased from $508 million in the prior year. Non-GAAP diluted earnings per share were $0.34, compared to $0.27 a year earlier. Despite a decline in total annual sales to $2.05 billion from $2.27 billion in 2019, Benchmark generated $95 million in operating cash flow for Q4 and $120 million for the year. Looking ahead, revenue is projected between $480-$520 million for Q1 2021.

COMSovereign Holding Corp. (Nasdaq: COMS) has finalized the acquisition of a 140,000 sq. ft. manufacturing facility in Tucson, Arizona. This site will become the principal manufacturing hub for the company's 4G LTE and 5G communication products, supporting their goal of producing goods in the U.S. Improvements to the facility are underway, with production expected to begin in the third quarter of 2021. The acquisition is part of a strategy to enhance operational efficiency and accelerate product delivery for both commercial and government markets.

Benchmark Electronics will announce its fourth quarter and FY 2020 results on February 4, 2021, after market close. A conference call to discuss these results will take place at 5:00 p.m. ET the same day. Investors can access the live webcast and related materials through the company's website, with a replay available until February 11. Benchmark offers comprehensive solutions across various sectors including aerospace, defense, and medical, and its shares trade under the symbol BHE on the NYSE.

Benchmark Electronics, Inc. (NYSE: BHE) announced a quarterly dividend of $0.16 per share, payable on January 13, 2021, to shareholders on record as of December 30, 2020. This dividend reflects the company's commitment to returning value to its shareholders. Benchmark provides innovative technology and engineering solutions across various industries, including aerospace and defense, with operations in seven countries.