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Benchmark Electronics (BHE)
NYSE:BHE
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.5Last Year’s EPS
0.55Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -5.75%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company navigating mixed market conditions with strong operational execution. While there are notable achievements in margin expansion and sector-specific growth, significant challenges remain in certain areas such as Medical and AC&C. The company's focus on operational excellence and strategic investments, particularly in Semi-Cap, provides a positive outlook despite the current revenue decline.Company Guidance
During the Benchmark Fourth Quarter and Fiscal Year 2024 Earnings Call, the company provided guidance for the first quarter of fiscal year 2025. They expect revenue to range between $620 million and $660 million. Non-GAAP gross margin is anticipated to be between 10% and 10.2%, consistent with recent quarters. Non-GAAP SG&A expenses are forecasted to fall within $34 million to $36 million, and the non-GAAP operating margin is projected to be between 4.5% and 4.7%. Non-GAAP diluted earnings per share are expected to range from $0.48 to $0.54, with a Q1 effective tax rate estimated to be between 23% and 24%. The company plans to invest $15 million to $20 million in CapEx during Q1, primarily supporting a new building in Penang, Malaysia, and expects free cash flow in Q1, contributing to a full-year forecast of $50 million to $80 million, inclusive of elevated CapEx spend associated with this investment.Strong Margin Expansion and Cash Flow
Non-GAAP gross margin increased by 60 basis points and operating margin by 20 basis points year-over-year. The company generated over $156 million in free cash flow in the year, with a significant reduction in inventory by over 130 million or 20%.
Semi-Cap and A&D Growth
Semi-Cap revenue increased 18% year-over-year in Q4 and 12% for the full year, supported by new wins and share gains. A&D revenue was up 15% in Q4 and 20% for the full year, driven by strong demand in Commercial Aerospace and Defense sectors.
Operational and Financial Stability
Despite mid-single-digit revenue declines, the company maintained strong operational execution with non-GAAP EPS exceeding guidance. Cash conversion cycle improved, and debt was further reduced by $22 million in the quarter.
Expansion Plans in Penang
Benchmark plans to break ground on a fourth building in Penang, Malaysia, to support Semi-Cap growth, indicating confidence in future demand and new program wins.
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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 |
|---|---|---|---|
| Jan 29, 2025 | $43.64 | $42.51 | -2.59% |
| Oct 30, 2024 | $45.25 | $43.14 | -4.66% |
| Jul 30, 2024 | $40.38 | $47.51 | +17.66% |
| May 01, 2024 | $29.94 | $35.34 | +18.04% |
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 Apr 30, 2025, TBA Not Confirmed.
What is Benchmark Electronics (BHE) earnings time?
Benchmark Electronics (BHE) earnings time is at Apr 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 2025 (Q1) is 0.5.
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