Benchmark Electronics, Inc.
Description
Benchmark Electronics, Inc., together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services. It also offers electronics manufacturing and testing services, such as printed circuit board assembly and test solutions, assembly of subsystems, circuitry and functionality testing of printed assemblies, environmental and stress testing, and component reliability testing; component engineering services; manufacturing defect analysis, in-circuit testing, functional testing, and life cycle testing services, as well as environmental stress tests of assemblies of boards or systems; and failure analysis. In addition, the company provides precision machining and electromechanical assembly services; and subsystem and system integration services, including assembly, configuration, and testing for various industries. Further, it provides value-added support systems; supply chain management solutions; direct order fulfillment; and aftermarket non-warranty services, including repair, replacement, refurbishment, remanufacturing, exchange, systems upgrade, and spare parts manufacturing throughout a product's life cycle. The company serves original equipment manufacturers in the aerospace and defense, medical technologies, complex industrials, semiconductor capital equipment, telecommunications, and advanced computing industries. It markets its services and solutions primarily through a direct sales force. The company was formerly known as Electronics, Inc. Benchmark Electronics, Inc. was founded in 1979 and is headquartered in Tempe, Arizona.
About
CEO
Mr. Jeffrey W. Benck
Employees
12,703
Instrument type
Common Stock
Sector
Technology
Industry
Electronic Components
MIC code
XNYS
Address
56 South Rockford Drive, Tempe, AZ 85281, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 28, 2026 | — | — | — | — |
| Oct 28, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Jan 30, 2025 | 0.56 | 0.61 | 0.05 | 8.93% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 3 | 3 | 3 | 3 |
| Average estimate | 0.50 | 0.56 | 2.45 | 2.71 |
| Low estimate | 0.48 | 0.53 | 2.39 | 2.60 |
| High estimate | 0.52 | 0.60 | 2.55 | 2.79 |
| Last year EPS | 0.51 | 0.57 | 2.29 | 2.45 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-1.960%
Next qtr. (Jun 2025)
-2.340%
Current year (Dec 2025)
7.130%
Next year (Dec 2026)
10.600%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 2.84B | 2.89B | 2.26B | 2.05B | 2.27B |
| Cost of revenue | 2.57B | 2.63B | 2.05B | 1.88B | 2.08B |
| Gross profit | 271.07M | 255.24M | 205.90M | 175.05M | 185.53M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 147.03M | 150.22M | 136.70M | 122.20M | 126.74M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 118.07M | 98.64M | 62.82M | 43.75M | 49.33M |
| Non operating interest income | |||||
| Income | 6.26M | 1.73M | 540,000 | 1.20M | 3.83M |
| Expense | 31.88M | 12.89M | 8.47M | 8.36M | 6.66M |
| Other income expense | -11.23M | -3.13M | -9.48M | -19.29M | -19.22M |
| Pretax income | 81.22M | 84.34M | 45.41M | 17.29M | 27.27M |
| Tax provision | 16.91M | 16.11M | 9.64M | 3.24M | 3.84M |
| Net income | 64.32M | 68.23M | 35.77M | 14.06M | 23.43M |
| Basic EPS | 1.81 | 1.94 | 1.00 | 0.38 | 0.61 |
| Diluted EPS | 1.79 | 1.91 | 0.99 | 0.38 | 0.60 |
| Basic average shares | 35.57M | 35.18M | 35.66M | 36.52M | 38.34M |
| Diluted average shares | 35.57M | 35.18M | 35.66M | 36.52M | 38.34M |
| EBITDA | 166.91M | 150.06M | 107.79M | 93.07M | 103.14M |
| Net income from continuing op. | 64.32M | 68.23M | 35.77M | 14.06M | 23.43M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2.27B | 2.23B | 1.90B | 1.74B | 1.76B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 277.39M | 207.43M | 271.75M | 390.81M | 347.56M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 449.40M | 491.96M | 355.88M | 309.33M | 324.42M |
| Other receivables | 174.98M | 183.61M | 155.24M | 142.78M | 161.06M |
| Inventory | 683.80M | 727.75M | 523.24M | 327.38M | 314.96M |
| Prepaid assets | — | — | 41.69M | 26.46M | 29.57M |
| Restricted cash | 5.82M | — | — | 5.18M | 16.40M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 44.35M | 41.40M | 41.69M | — | — |
| Non current assets | |||||
| Properties | 130.83M | 93.08M | 99.16M | 79.97M | 76.86M |
| Land and improvements | 5.87M | 5.87M | 5.87M | 5.69M | 6.17M |
| Machinery furniture equipment | 567.48M | 554.56M | 517.81M | 532.95M | 549.86M |
| Construction in progress | 24.66M | 3.15M | 17.72M | 1.68M | 5.50M |
| Leases | 54.75M | 54.27M | 42.29M | 39.72M | 35.37M |
| Accumulated depreciation | -506.34M | -485.55M | -473.16M | -480.43M | -478.69M |
| Goodwill | 384.23M | 384.23M | 448.46M | 454.21M | 460.03M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | 58.19M | 64.23M | 69.98M | 75.79M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 88.36M | 78.51M | 13.57M | 14.55M | 14.21M |
| Total liabilities | 1.20B | 1.20B | 930.08M | 754.65M | 745.04M |
| Current liabilities | |||||
| Accounts payable | 367.48M | 424.27M | 426.56M | 282.21M | 302.99M |
| Accrued expenses | 114.68M | 110.42M | 102.55M | 100.07M | 102.02M |
| Short term debt | 4.28M | 4.28M | 985,000 | 9.16M | 8.83M |
| Deferred revenue | 204.88M | 197.94M | 118.12M | 84.12M | 37.51M |
| Tax payable | 22.23M | 12.24M | 6.16M | 5.57M | 7.90M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 450.06M | 407.36M | 220.17M | 203.17M | 206.81M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | 495,000 | 84,000 | 4.79M | 13.50M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 32.06M | 43.92M | 55.45M | 65.55M | 65.48M |
| Shareholders equity | |||||
| Common stock | 3.57M | 3.52M | 3.52M | 3.63M | 3.70M |
| Retained earnings | 560.54M | 519.90M | 479.99M | 492.21M | 515.88M |
| Other shareholders equity | -13.86M | -16.23M | -17.16M | -16.65M | -16.76M |
| Total shareholders equity | 1.08B | 1.03B | 973.80M | 989.59M | 1.01B |
| Additional paid in capital | 528.84M | 519.24M | 507.45M | 510.41M | 512.02M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||
| Net Income | 64.32M | 68.23M | 35.77M | 14.06M | 23.43M | 22.82M | -31.90M | 63.93M | 95.40M | 81.24M | 110.95M | 56.61M | 51.96M | 79.76M | 53.90M | -135.63M | 92.36M | 110.82M | 80.59M | 70.99M | 55.44M | 35.89M | -54.31M | 19.90M | 13.30M | 16.40M | 15.10M | 8.90M | 6.10M | 5.80M | 4.50M | 3.10M | 2.10M | 2.00M |
| Depreciation | 45.41M | 44.25M | 44.15M | 48.79M | 48.43M | 51.84M | 48.67M | 55.14M | 49.67M | 46.45M | 40.94M | 35.71M | 35.48M | 39.83M | 39.81M | 40.67M | 43.13M | 27.38M | 26.17M | 26.87M | 29.09M | 31.00M | 51.86M | 52.68M | 31.10M | 16.70M | 12.20M | 6.50M | 2.20M | 2.00M | 1.40M | 1.10M | 800,000 | 400,000 |
| Deferred Taxes | -14.99M | -7.25M | -6.88M | -7.31M | -2.37M | 7.63M | 7.42M | 8.39M | -12.78M | 12.03M | -5.79M | 9.06M | -17.99M | 280,000 | -1.07M | -26.50M | 6.15M | -1.14M | 7.38M | 873,000 | -3.56M | -1.51M | -6.36M | 3.21M | 800,000 | 2.30M | -300,000 | 400,000 | 100,000 | 100,000 | — | 100,000 | — | 100,000 |
| Stock-Based Compensation | 15.29M | 18.49M | 15.26M | 10.40M | 10.19M | 10.09M | 7.82M | 5.32M | 7.71M | 6.43M | 7.05M | 6.27M | 5.10M | 5.42M | 5.36M | 4.73M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | — | — | — | — | -5.00M | — | — | — | — | -550,000 | -10.75M | — | -56.15M | 315,000 | — | 252.49M | 6.72M | 5.44M | — | — | — | — | — | — | 1,000 | 100,000 | -100,000 | -200,000 | 100,000 | -200,000 | 100,000 | -100,000 | -100,000 | -100,000 |
| Accounts Receivable | 50.68M | -164.83M | -59.43M | 31.87M | 113.95M | -27.54M | 14.37M | 26.64M | 52.85M | 37.86M | -56.63M | -34.36M | 27.70M | -40.19M | 6.35M | 61.30M | 111.61M | -106.03M | -113.69M | -42.04M | -25.25M | 28.79M | 92.18M | -76.03M | 9.20M | 6.60M | -500,000 | -10.10M | -4.20M | -3.80M | -4.10M | -1.80M | -2.60M | -1.50M |
| Accounts Payable | -35.32M | -16.66M | 139.95M | -15.55M | -121.86M | 61.39M | 29.54M | 76.04M | -41.39M | -36.65M | 19.73M | -21.08M | 28.39M | -16.68M | -14.92M | -70.16M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 64.36M | -119.35M | -163.24M | 34.98M | -5.24M | -59.83M | 62.68M | 36.19M | 3.02M | -7.46M | -7.65M | 63.69M | -80.80M | -49.44M | 36.52M | 7.73M | 108.28M | -54.77M | -112.70M | -20.20M | -36.50M | 81.53M | 140.10M | -134.52M | -22.90M | 29.90M | -14.50M | 5.00M | -10.40M | 6.00M | -10.50M | -2.20M | -1.30M | -2.00M |
| Operating Cash Flow | 189.74M | -177.11M | 5.58M | 117.23M | 61.52M | 66.40M | 138.60M | 271.65M | 154.48M | 139.35M | 97.84M | 115.90M | -6.31M | 19.30M | 125.92M | 134.62M | 368.25M | -18.30M | -112.25M | 36.49M | 19.22M | 175.71M | 223.47M | -134.76M | 31.50M | 72.00M | 11.90M | 10.50M | -6.10M | 9.90M | -8.60M | 200,000 | -1.10M | -1.10M |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditures | -72.83M | -43.04M | -38.56M | -34.22M | -32.32M | -62.57M | -50.51M | -30.12M | -36.52M | -43.76M | -24.92M | -47.57M | -71.03M | -35.52M | -21.98M | -35.58M | -18.52M | -44.03M | -46.13M | -11.35M | -19.09M | -7.63M | -17.34M | -46.21M | -331.20M | -82.70M | -10.20M | -8.60M | -2.30M | -6.30M | -2.70M | -900,000 | -3.60M | -500,000 |
| Net Intangibles | -4.26M | -3.42M | -3.38M | -4.94M | -2.54M | -3.92M | -3.72M | -1.86M | -934,000 | -1.18M | -1.91M | -1.12M | -601,000 | -261,000 | -11.41M | -271,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | 4.71M | — | -2.73M | — | 10.75M | -229.58M | 6.26M | -94.27M | — | — | — | -10.55M | — | 3.42M | — | — | — | — | -36.17M | — | -38.69M | -308.88M | -70.68M | — | -30.83M | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -162.71M | -551.05M | -520.38M | -303.32M | -127.20M | -208.66M | -345.07M | — | — | — | — | -2.30M | -9.50M | — | — | -2.80M | -7.10M | — | -3.40M |
| Sale of Investments | — | — | — | — | 50,000 | 522,000 | 250,000 | 200,000 | 50,000 | 10.28M | 821,000 | 15.83M | 11.15M | 10.93M | 3.40M | 292.05M | 468.69M | 635.88M | 329.87M | 123.53M | 139.27M | 175.63M | — | — | — | 11.40M | — | — | 1.50M | 2.70M | 5.30M | — | 3.40M | — |
| Investing Cash Flow | -72.88M | -37.76M | -38.49M | -29.45M | -32.32M | -64.93M | -52.40M | -19.39M | -265.87M | -26.30M | -106.81M | -8.37M | -59.88M | -24.60M | -29.13M | 93.76M | -97.07M | 71.34M | -21.59M | -15.03M | -88.48M | -213.24M | -20.80M | -85.54M | -642.68M | -149.38M | -12.40M | -79.83M | -700,000 | -3.60M | -300,000 | -8.10M | — | -4.10M |
| Financing Activities | ||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 749.50M | — | — | 864,000 | — | 50.00M | 100.00M | 25.00M | 250.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -743.78M | -633.17M | -156.50M | -118.85M | -6.79M | -108.02M | -112.40M | -37.30M | -20.68M | -582,000 | -497,000 | -419,000 | -363,000 | -300,000 | -254,000 | -855,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -5.98M | -3.78M | -4.32M | -2.24M | -2.23M | -3.71M | -816,000 | 95,000 | -3.87M | 634,000 | 354,000 | -855,000 | -14,000 | 1.18M | 203,000 | 300,000 | 1.41M | 5.20M | -412,000 | — | -104,000 | — | — | -1.38M | -6.30M | -400,000 | -53,000 | -300,000 | — | — | — | — | — | — |
| Financing Cash Flow | -23.71M | -474.49M | -229.92M | -175.98M | -160.05M | -244.60M | 57.44M | -29.14M | 407.09M | -43.75M | -41.31M | -48.38M | -56.66M | -57.98M | -27.97M | -91.46M | -42.34M | 21.27M | 7.67M | 9.84M | 17.95M | 115.33M | 1.58M | 114.87M | 88.60M | 100,000 | 547,000 | 28.60M | 200,000 | 100,000 | 100,000 | 10.20M | — | 8.40M |
| Other Cash Details | ||||||||||||||||||||||||||||||||||
| End Cash Position | 283.21M | 207.43M | 271.75M | 395.99M | 363.96M | 458.10M | 742.55M | 681.43M | 466.00M | 427.38M | 345.56M | 384.58M | 283.92M | 346.35M | 421.24M | 359.69M | 199.20M | 123.87M | 110.85M | 124.86M | 117.31M | 143.14M | 59.88M | 23.54M | 9.40M | 23.10M | 21.00M | 13.80M | 2.80M | 6.80M | — | — | — | — |
| Income Tax Paid | 37.66M | 28.48M | 20.56M | 18.07M | 16.90M | 48.92M | 6.45M | 7.87M | 8.56M | 5.82M | 62,000 | 11.98M | 7.76M | 8.58M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 30.55M | 11.63M | 8.21M | 9.05M | 8.35M | 7.87M | 8.70M | 8.31M | 2.47M | 1.72M | 1.76M | 1.35M | 1.29M | 1.32M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 96.56M | -224.24M | -44.80M | 80.92M | 58.02M | 9.96M | 91.34M | 240.75M | 109.31M | 90.05M | 70.13M | 102.11M | -17.21M | -30.87M | 89.87M | 127.33M | 261.53M | -125.12M | -48.13M | 14.80M | 57.07M | 213.67M | 152.68M | -95.02M | -262.80M | -26.00M | 8.90M | 3.60M | -5.70M | -1.70M | -3.10M | 100,000 | -4.10M | -1.30M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 2,335,961 | 98.58M | 6.49% |
| Pacer Small Cap U.S. Cash Cows 100 ETF | Oct 31, 2024 | 1,919,275 | 80.99M | 5.33% |
| Franklin Value Investors Trust-Franklin Small Cap Value | Oct 31, 2024 | 1,158,518 | 48.89M | 3.22% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,077,993 | 45.49M | 2.99% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,033,051 | 43.59M | 2.87% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 905,792 | 38.22M | 2.52% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 859,861 | 36.29M | 2.39% |
| Vanguard Information Technology Index Fund | Nov 30, 2024 | 815,342 | 34.41M | 2.27% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 756,412 | 31.92M | 2.10% |
| Invesco Small Cap Value Fd | Oct 31, 2024 | 627,100 | 26.46M | 1.74% |
Article
Benchmark Electronics Inc. (BHE) Q4 2024 Earnings Call Transcript
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Benchmark Electronics to Report Fourth Quarter and Fiscal Year 2024 Results
TEMPE, Ariz.--(BUSINESS WIRE)--Benchmark Electronics, Inc. (NYSE: BHE) will announce fourth quarter and fiscal year 2024 results on Wednesday, January 29, 2025 after the market close. The Company will host a conference call to discuss these results on the same day at 5:00 p.m. Eastern Time. A live audio webcast of the call along with supporting materials will be available on the Benchmark Investor Relations website at ir.bench.com or on the webcast link provided below. Following the call, a web.
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