Benchmark Electronics (BHE)

We adjust our 2024/2025E EPS for Benchmark Electronics (BHE; $40.69; E/W) from $2.20/$2.50 to $2.25/$2.50 after the company produced a solid Q2 beat and provided Q3E guidance that lived up to our expectations, albeit with…

Benchmark Electronics (BHE; $40.69; E/W) reported Q2 non-GAAP EPS of $0.57, which beat our $0.52 and the Street’s $0.51 on sales upside ($666mm vs. our $638mm and consensus of $636mm). Recall, BHE’s Q2 guidance called…

We stick with our EPS estimates for Benchmark Electronics (BHE; $41.86; E/W) ahead of its Q2 print and guidance on July 30th (after market). Specifically, we model Q2E sales, operating margin, and EPS at $638mm…

We are reducing our rating on the shares of Benchmark Electronics (BHE; $41.09) from Outperform to Equal-Weight after the stock price has now well exceeded our prior target and is now trading at valuation levels…

Benchmark Electronics (BHE; $30.30; O/P) posted a healthy Q1 beat and inline Q2E guidance when adjusting non-GAAP forecasts to now exclude stock-based compensation (SBC) per its decision to conform to industry peer EPS presentations (discussed…

The risk/reward on the shares of Benchmark Electronics’ (BHE; $30.04; O/P) still looks attractive to us ahead of the company’s Q1 results and Q2E outlook in coming weeks, especially with the stock trading at only…

Yesterday after the close (3/19), Benchmark Electronics (BHE; $27.65; O/P) announced CFO Roop Lakkaraju, who has served in his current role for the past six years, is stepping down (effective April 1st) to take over…

Benchmark Electronics’ (BHE; $28.28; O/P) Q4 results and Q1E guidance lived up to our expectations, further demonstrating potential for operating margins to move even higher in coming years on solid free cash flows (FCF). To…

We are adjusting our 2023E and 2024E EPS for Benchmark Electronics (BHE; $25.70; O/P) from $2.05/$2.35 to $2.03/$2.15 in order to correct for an error in our prior modeling assumptions around gross margins. Specifically, our…

We adjust 2023E EPS for Benchmark Electronics (BHE; $22.97; O/P) from $2.03 to $2.05 after Q3 results and outlook lived up to our expectations, albeit with some “puts and takes”. Although, we also modify 2024E…

The shares of Benchmark Electronics (BHE; $24.34; O/P) continued to “bounce around” the $24-25 level in recent weeks, still down ~10% from mid-July levels and ~15% below where the stock was in mid-January, which is…

Benchmark Electronics (BHE; $26.51; O/P) produced Q2 results and outlook that demonstrated an ongoing top line growth story, despite macro conditions, that can continue to come with margin expansion, especially when adjusted for the financial…

The shares of Benchmark Electronics (BHE; $27.19; O/P) are +31% off 2023-lows on 5/9 (vs. +11% for the S&P 500) but still only up 2% YTD (vs. +20% for the S&P 500) ahead of Q2…

We adjust 2023/2024E EPS from $2.23/$2.70 to $2.15/$2.62 for Benchmark Electronics (BHE; $21.82; O/P) after its Q1 print and Q2E outlook more than lived up to expectations from an operating standpoint. We note our EPS…

Benchmark Electronics (BHE; $21.82; O/P) reported Q1 non-GAAP EPS of $0.42, which was in line with our consensus matching $0.42 on better than expected sales ($695mm vs. our $663mm and the Street’s $661mm) and as…