Latest news with #BenchmarkElectronics
Business Wire
10 hours ago
- Business
- Business Wire
Benchmark Strengthens Presence in Jalisco with Grand Opening of Advanced Manufacturing Facility in Guadalajara
TEMPE, Ariz--(BUSINESS WIRE)-- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today celebrated the grand opening of its brand-new manufacturing facility in Guadalajara, Mexico. Located in the Parque Industrial San Jorge in Tlajomulco, the 321,000-square-foot facility expands Benchmark's manufacturing footprint in the region by 50%, consolidating operations into a purpose-built, state-of-the-art space to better serve customers in the medical, industrial, advanced computing, and next-gen communications sectors. 'Our new facility in Guadalajara is the cornerstone of our investment in Mexico and supports our global growth strategy. This new facility increases our capabilities in the region with an optimized space to serve complex and highly regulated industries,' said Jeff Benck, President and CEO of Benchmark. 'With over 300,000 square feet of manufacturing capability, this expansion will allow us to scale with new and existing customers who have come to us for our world-class product realization services provided by a specialty EMS partner who understands how to support this class of products.' The grand opening event brought together Benchmark employees, customers, government officials, industry leaders, academic partners, and local community members to celebrate the company's ongoing commitment to regional growth and excellence in advanced manufacturing. Benchmark has long been a trusted partner in Guadalajara and, with the new facility, aims to create a modernized hub for design and manufacturing, improve production flows, and deliver superior solutions with increased efficiency and scalability. 'This new site represents more than just a building—it's a launchpad for our next chapter in Guadalajara,' said Dagoberto Esquer, general manager, Benchmark Guadalajara. 'We're committed to our people, strengthening our infrastructure, and advancing innovation to grow alongside our customers and deliver lasting value across the product lifecycle. We're also contributing to our community by creating new jobs and supporting educational opportunities for local residents, including students.' Built from the ground up, the new Guadalajara facility is equipped with a robust IT infrastructure and an optimized layout to enhance efficiency through streamlined production and increased collaboration. The new environment also supports Benchmark's strategy to innovate in support of a healthier, safer, and better-connected world, particularly for customers in the medical, industrial and technology industries. Benchmark's expansion in Guadalajara is a major step in job creation and talent development. The company has formed partnerships with nearby universities and technical high schools to cultivate a skilled workforce prepared for the demands of high-tech manufacturing. To learn more about the new Benchmark Guadalajara facility, please visit About Benchmark Electronics, Inc. Benchmark provides comprehensive solutions across the entire product lifecycle; leading through its innovative technology and engineering design services; leveraging its optimized global supply chain; and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next-generation communications, medical, complex industrials, and semiconductor capital equipment. Benchmark's global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.
Business Wire
10 hours ago
- Business
- Business Wire
Benchmark Announces Appointment of Glynis A. Bryan to Board of Directors
TEMPE, Ariz.--(BUSINESS WIRE)-- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, announces the appointment of Glynis A. Bryan to its Board of Directors. Ms. Bryan brings a wealth of financial and operational expertise to Benchmark's Board. She recently retired as Chief Financial Officer of Insight Enterprises, Inc., where she served from 2007 to 2024. Prior to Insight, Ms. Bryan held senior financial leadership positions at Swift Transportation Co., APL Logistics, and Ryder System, Inc. She currently serves on the Boards of Ameriprise Financial, Inc., Pinnacle West Capital Corporation, and WESCO International, Inc. 'We are thrilled to welcome Glynis to our Board,' said Jeff Benck, President and CEO of Benchmark. 'With over 20 years as a Chief Financial Officer, including her tenure at Insight Enterprises, Inc., Glynis has demonstrated exceptional skills in financial planning, mergers and acquisitions, and strategic growth initiatives. Her leadership has been instrumental in guiding companies through complex financial landscapes, making her a valuable asset to Benchmark's board. 'With her extensive background in corporate governance, Glynis offers a strategic perspective that aligns perfectly with Benchmark's commitment to excellence,' said David W. Scheible, Chairman of the Board. 'Her insights from serving on multiple prominent boards will enhance our decision-making processes and support our long-term objectives.' To learn more about Benchmark's Board of Directors, please visit About Benchmark Electronics, Inc. Benchmark provides comprehensive solutions across the entire product lifecycle; leading through its innovative technology and engineering design services; leveraging its optimized global supply chain; and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next-generation communications, medical, complex industrials, and semiconductor capital equipment. Benchmark's global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.
Yahoo
09-06-2025
- Business
- Yahoo
Benchmark Electronics Announces Quarterly Cash Dividend
Second quarter 2025 cash dividend of $0.17 per share TEMPE, Ariz., June 09, 2025--(BUSINESS WIRE)--Benchmark Electronics, Inc. (NYSE: BHE) today announced that its Board of Directors declared a quarterly dividend of $0.17 per share, payable on July 11, 2025, to shareholders of record at the close of business on June 30, 2025. About Benchmark Electronics, Inc. Benchmark provides comprehensive solutions across the entire product life cycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain and delivering world-class manufacturing services in the following industries: commercial aerospace and defense, medical, industrial, semiconductor capital equipment and advanced computing and communication. Benchmark's global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE. View source version on Contacts For More Information, Please Contact: Paul Mansky, Investor Relations and Corporate Development1-623-300-7052 or Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Benchmark Electronics' (NYSE:BHE) Soft Earnings Are Actually Better Than They Appear
Investors were disappointed with the weak earnings posted by Benchmark Electronics, Inc. (NYSE:BHE ). However, our analysis suggests that the soft headline numbers are getting counterbalanced by some positive underlying factors. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. For anyone who wants to understand Benchmark Electronics' profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by US$14m due to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. If Benchmark Electronics doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Because unusual items detracted from Benchmark Electronics' earnings over the last year, you could argue that we can expect an improved result in the current quarter. Because of this, we think Benchmark Electronics' earnings potential is at least as good as it seems, and maybe even better! And the EPS is up 34% annually, over the last three years. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. While it's really important to consider how well a company's statutory earnings represent its true earnings power, it's also worth taking a look at what analysts are forecasting for the future. Luckily, you can check out what analysts are forecasting by clicking here. This note has only looked at a single factor that sheds light on the nature of Benchmark Electronics' profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-04-2025
- Business
- Yahoo
Benchmark (NYSE:BHE) Reports Sales Below Analyst Estimates In Q1 Earnings
Electronics manufacturing services provider Benchmark (NYSE:BHE) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 6.5% year on year to $631.8 million. Next quarter's revenue guidance of $640 million underwhelmed, coming in 4.3% below analysts' estimates. Its non-GAAP profit of $0.52 per share was 4% above analysts' consensus estimates. Is now the time to buy Benchmark? Find out in our full research report. Revenue: $631.8 million vs analyst estimates of $640 million (6.5% year-on-year decline, 1.3% miss) Adjusted EPS: $0.52 vs analyst estimates of $0.50 (4% beat) Revenue Guidance for Q2 CY2025 is $640 million at the midpoint, below analyst estimates of $668.8 million Adjusted EPS guidance for Q2 CY2025 is $0.55 at the midpoint, below analyst estimates of $0.56 Operating Margin: 1.9%, down from 4.3% in the same quarter last year Free Cash Flow Margin: 4.3%, down from 6.4% in the same quarter last year Market Capitalization: $1.38 billion 'I am pleased by Benchmark's ability to continue to execute to our long-term objectives despite this dynamic market, as evidenced by our sixth consecutive quarter of greater than 10% non-GAAP gross margins while we again generated over $27 million of free cash flow even with a sequential decline of revenue in the first quarter,' said Jeff Benck, Benchmark's President and CEO. Operating as a critical behind-the-scenes partner for complex technology products since 1979, Benchmark Electronics (NYSE:BHE) provides advanced manufacturing, engineering, and technology solutions for original equipment manufacturers across aerospace, medical, industrial, and technology sectors. A company's long-term sales performance is one signal of its overall quality. Any business can have short-term success, but a top-tier one grows for years. With $2.61 billion in revenue over the past 12 months, Benchmark is a mid-sized business services company, which sometimes brings disadvantages compared to larger competitors benefiting from better economies of scale. As you can see below, Benchmark grew its sales at a tepid 3.7% compounded annual growth rate over the last five years. This shows it failed to generate demand in any major way and is a rough starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within business services, a half-decade historical view may miss recent innovations or disruptive industry trends. Benchmark's performance shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 5.8% annually. This quarter, Benchmark missed Wall Street's estimates and reported a rather uninspiring 6.5% year-on-year revenue decline, generating $631.8 million of revenue. Company management is currently guiding for a 3.9% year-on-year decline in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 9.1% over the next 12 months, an improvement versus the last two years. This projection is noteworthy and suggests its newer products and services will catalyze better top-line performance. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Benchmark was profitable over the last five years but held back by its large cost base. Its average operating margin of 3.4% was weak for a business services business. On the plus side, Benchmark's operating margin rose by 1.6 percentage points over the last five years, as its sales growth gave it operating leverage. This quarter, Benchmark generated an operating profit margin of 1.9%, down 2.4 percentage points year on year. This contraction shows it was less efficient because its expenses increased relative to its revenue. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Benchmark's EPS grew at a spectacular 13.4% compounded annual growth rate over the last five years, higher than its 3.7% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. Diving into Benchmark's quality of earnings can give us a better understanding of its performance. As we mentioned earlier, Benchmark's operating margin declined this quarter but expanded by 1.6 percentage points over the last five years. Its share count also shrank by 1.3%, and these factors together are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth. In Q1, Benchmark reported EPS at $0.52, up from $0.51 in the same quarter last year. This print beat analysts' estimates by 4%. Over the next 12 months, Wall Street expects Benchmark's full-year EPS of $2.27 to grow 13.8%. It was encouraging to see Benchmark beat analysts' EPS expectations this quarter. On the other hand, its revenue missed and its revenue and EPS guidance for next quarter fell slightly short of Wall Street's estimates. Overall, this was a weaker quarter. The stock remained flat at $38.27 immediately following the results. Benchmark didn't show it's best hand this quarter, but does that create an opportunity to buy the stock right now? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
