Benchmark Electronics (BHE)
August 1, 2023
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…
July 19, 2023
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…
May 4, 2023
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…
May 3, 2023
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…
May 1, 2023
We stick with our sales, operating margin, and EPS forecasts for Benchmark Electronics (BHE; $21.35; O/P) ahead of its Q1 results on Wednesday (5/3 after market). We think new programs continued to ramp at a…
March 7, 2023
On Monday (3/6), we hosted an investor meeting in Tempe, AZ with Benchmark Electronics (BHE; $23.82; O/P) CEO Jeff Benck at its headquarters, after which we toured one of its newest electronics manufacturing services (EMS)…
February 2, 2023
Benchmark Electronics (BHE; $28.66; O/P) produced solid Q4 EPS despite late quarter weakening in higher margin semi-cap equipment program demand (25% of 2022 sales), which is consistent with recent comments from other EMS providers, such…
November 9, 2022
We reiterate our Outperform and raise our target from $35 to $37 on the shares of Benchmark Electronics (BHE; $28.69) as we bump up 2023E EPS from $2.30 to $2.40 after attending the company’s Investor…
October 27, 2022
Benchmark Electronics (BHE; $29.06; O/P) produced a healthy Q3 “beat and raise” that highlighted broad new program momentum and solid margin expansion despite ongoing supply chain constraints for specialty components, especially limiting shipments in medical…
October 21, 2022
We think the EPS bar was set more than appropriately for Benchmark Electronics (BHE; $26.93; O/P) into Q3 results and outlook on Wednesday (10/26 after market). We assume new program momentum, driving a richer sales…