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Benchmark Electronics (BHE)
NYSE:BHE
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.56Last Year’s EPS
$0.58Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -0.46%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong performance in the aerospace and defense and semi-cap sectors, along with consistent operating margin expansion and cash flow generation. However, there were notable declines in industrial, medical, and AC&C sectors, with ongoing end market softness impacting growth opportunities. The company remains optimistic about the future, with positive guidance for Q4 and a focus on operational improvements.Company Guidance
During the Benchmark Third Quarter 2024 Earnings Call, the company provided guidance for the fourth quarter, forecasting revenue to range between $640 million and $680 million. They expect the non-GAAP gross margin to remain steady at 10.2%, with non-GAAP SG&A expenses projected between $34 million and $36 million. The non-GAAP operating margin is anticipated to fall between 4.9% and 5.1%. For Q4, non-GAAP diluted EPS is expected to be in the range of $0.53 to $0.59, with a non-GAAP effective tax rate estimated between 22% and 24%. The weighted average share count is projected to be 36.6 million. The company also plans to continue generating positive free cash flow, with capital spending anticipated to be between $12 million and $14 million, and free cash flow for the year expected to exceed $130 million.Exceeding Guidance Midpoint
The company exceeded the midpoint of its Q3 guidance for revenue, margin, and non-GAAP EPS with total revenue of $658 million.
Strong Performance in Aerospace and Defense
A&D revenue was up 2% year-over-year, with strong demand in commercial aerospace and robust defense demand.
Semi-cap Growth
Semi-cap revenue increased 13% year-over-year, driven by improving demand and new customer wins.
Non-GAAP Operating Margin Expansion
The company achieved a non-GAAP operating margin of 5.3%, marking the 16th consecutive quarter of year-over-year operating margin expansion.
Strong Cash Flow and Debt Reduction
Benchmark delivered $29 million in free cash flow for the quarter and $245 million trailing 12-month total, with a reduction in debt by $11 million.
Positive Guidance for Q4
For Q4, the company expects revenue between $640 million and $680 million, and non-GAAP EPS in the range of $0.53 to $0.59.
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BHE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BHE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $45.42 | $43.30 | -4.67% |
| Jul 30, 2024 | $40.54 | $47.69 | +17.64% |
| May 01, 2024 | $30.05 | $35.47 | +18.04% |
| Jan 31, 2024 | $26.75 | $29.20 | +9.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Benchmark Electronics (BHE) report earnings?
Benchmark Electronics (BHE) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Benchmark Electronics (BHE) earnings time?
Benchmark Electronics (BHE) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BHE EPS forecast?
BHE EPS forecast for the fiscal quarter 2024 (Q4) is $0.56.
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