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Last $21.08 USD
Change Today +0.13 / 0.62%
Volume 136.2K
BHE On Other Exchanges
Symbol
Exchange
New York
Munich
As of 2:25 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

benchmark electronics inc (BHE) Key Developments

Benchmark Electronics Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Fiscal 2016; Reaffirms Earnings Guidance for the Fiscal 2015

Benchmark Electronics Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales were $664 million against $717 million a year ago. Net income was $21 million against $22 million a year ago. Diluted earnings per share were $0.40 against $0.41 a year ago. Non-GAAP net income was $22 million against $23 million a year ago. Non-GAAP diluted earnings per share were $0.42 against $0.43 a year ago. Income from operations was $26.21 million against $27.14 million a year ago. Non-GAAP income from operations was $27.8 million against $29.05 million a year ago. Income before income taxes was $26.600 million against $27.438 million a year ago. Cash flows from operating activities were $52 million and capital expenditures were $8.2 million. For the six months, the company reported sales was $1,284.96 million against $1,356.21 million a year ago. Income from operations was $44.92 million against $49.58 million a year ago. Non-GAAP income from operations was $51.37 million against $52.02 million a year ago. Net income was $35.41 million against $41.27 million a year ago. Diluted earnings per share were $0.67 against $0.76 a year ago. Non-GAAP net income was $39.78 million against $42.64 million a year ago. Non-GAAP diluted earnings per share were $0.75 against $0.78 a year ago. Income before income taxes was $44.25 million against $49.93 million a year ago. For the third quarter of 2015, the company expected revenue between $635-$665 million and diluted earnings per share between $0.38-$0.42 (excluding restructuring charges). The company expects the tax rate for the third quarter to range from 21% to 22%. The diluted weighted average shares outstanding for the second quarter was $52.7 million. The company believes that CapEx will range from $40 million to $50 million for the full year. As previously reported, the company expects overall computing revenues to decline for the full year 2015. In 2016, the company anticipates even further progress to support 4.5% operating margin target.

Benchmark Electronics Inc. to Report Q2, 2015 Results on Jul 23, 2015

Benchmark Electronics Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 23, 2015

Benchmark Electronics Inc., Q2 2015 Earnings Call, Jul 23, 2015

Benchmark Electronics Inc., Q2 2015 Earnings Call, Jul 23, 2015

Benchmark Electronics Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Capex Guidance for the Full Year 2015

Benchmark Electronics Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company announced sales of $620,925,000 compared to $639,344,000 for the same period a year ago. Income from operations was $18,708,000 compared to $22,432,000 for the same period a year ago. Income before income taxes was $17,648,000 compared to $22,497,000 for the same period a year ago. Net income was $14,205,000 compared to $19,125,000 for the same period a year ago. Earnings per share, diluted were $0.27 compared to $0.35 for the same period a year ago. Operating margin was 3.0% compared to 3.5% a year ago. Cash flows used in operating activities were approximately $11 million. Non-GAAP income from operations was $23,577,000 compared to $22,970,000 for the same period a year ago. Non-GAAP net income was $17,800,000 compared to $19,245,000 for the same period a year ago. Non-GAAP earnings per share, diluted were $0.34 compared to $0.35 for the same period a year ago. Non-GAAP operating margin was 3.8% compared to 3.6% a year ago. Capital expenditures were $17 million and depreciation and amortization expense was $12.1 million for the quarter. The company provided earnings guidance for the second quarter of fiscal 2015. For the quarter, the company expects revenue between $635 million and $665 million and diluted earnings per share between $0.37 and $0.41 (excluding restructuring charges and integration costs). The company expects the tax rate for the second quarter to be approximately 21%. The company expects strong flow of cash flow generation in the second quarter. Capex will range between $40 million to $50 million for the full year.

Benchmark Electronics Inc. to Report Q1, 2015 Results on Apr 23, 2015

Benchmark Electronics Inc. announced that they will report Q1, 2015 results at 12:00 PM, GMT Standard Time on Apr 23, 2015

 

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BHE

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Valuation BHE Industry Range
Price/Earnings 14.6x
Price/Sales 0.4x
Price/Book 0.8x
Price/Cash Flow 13.9x
TEV/Sales 0.2x
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