Benchmark Electronics is a global provider of engineering and manufacturing services that cater primarily to the technology and electronics sectors
The company specializes in offering a wide range of services, including precision manufacturing, product design, and supply chain management, aimed at supporting companies in the development and production of complex electronic components and systems. With a focus on quality and innovation, Benchmark serves various industries, including medical devices, aerospace, telecommunications, and industrial technology, helping clients bring their products to market efficiently and effectively.
Global electronics solutions provider Benchmark Electronics (NYSEBHE) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 5% year on year to $656.9 million. The company expects next quarter’s revenue to be around $640 million, close to analysts’ estimates. Its non-GAAP profit of $0.61 per share was 8.9% above analysts’ consensus estimates.
Benchmark Electronics’s 15.4% return over the past six months has outpaced the S&P 500 by 7.7%, and its stock price has climbed to $48.08 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q3, starting with Allegion (NYSEALLE).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q3, starting with Atkore (NYSEATKR).
Looking back on electrical systems stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Benchmark Electronics (NYSEBHE) and its peers.
Global electronics solutions provider Benchmark Electronics (NYSEBHE) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell 8.6% year on year to $657.7 million. The company expects next quarter’s revenue to be around $660 million, close to analysts’ estimates. Its GAAP profit of $0.42 per share was also 9.6% above analysts’ consensus estimates.
