Last $23.69 USD
Change Today -0.02 / -0.08%
Volume 337.8K
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As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

benchmark electronics inc (BHE) Key Developments

Benchmark Electronics to Close Plant in N.D

Benchmark Electronics announced that workers at the Benchmark Electronics plant in Dunseith and area officials have been notified that the factory will close by the end of the year. The shutdown will put 140 people out of work in the northern North Dakota town of fewer than 800 residents.

Benchmark Electronics Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Benchmark Electronics Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales of $710 million compared with $757 million for the same period last year. Net income was $24 million or $0.45 diluted per share compared with $67 million or $1.24 diluted per share for the same period last year. Non-GAAP net income was $23 million or $0.43 diluted per share compared with $24 million or $0.43 diluted per share for the same period last year. Revenue of $710 million was at the low end of its expectations due to softness in the computing and telecom sectors. Cash flows provided by operating activities were $23 million. Income from operations was $28.653 million compared with $60.275 million for the same period last year. Income before income taxes was $29.064 million compared with $59.774 million for the same period last year. For the year, the company reported net sales of $2,797 million compared with $2,506 million for the same period last year. Net income was $82.442 million or $1.52 diluted per share compared with $111.159 million or $2.03 diluted per share for the same period last year. Non-GAAP net income was $89 million or $1.65 diluted per share compared with $69 million or $1.26 diluted per share for the same period last year. Income from operations was $100.144 million compared with $116.524 million for the same period last year. Income before income taxes was $99.850 million compared with $116.177 million for the same period last year. For the first quarter of 2015, the company expects revenue between $615 and $645 million. Diluted earnings per share expected between $0.30 and $0.34 (excluding restructuring charges and integration costs). The company’s first quarter guidance reflects lingering headwinds in computing and telecom; however, the company expects growth to resume in these sectors in the second half of the year. For 2015, the company anticipates that its non-traditional revenue base of Industrial, Medical, and Test & Instrumentation will continue to strengthen.

Benchmark Electronics Inc. to Report Q4, 2014 Results on Feb 03, 2015

Benchmark Electronics Inc. announced that they will report Q4, 2014 results at 11:00 AM, GMT Standard Time on Feb 03, 2015

Benchmark Electronics Inc. Presents at 17th Annual Needham Growth Conference, Jan-14-2015 01:30 PM

Benchmark Electronics Inc. Presents at 17th Annual Needham Growth Conference, Jan-14-2015 01:30 PM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States.

Benchmark Electronics Inc., Q4 2014 Earnings Call, Feb 03, 2015

Benchmark Electronics Inc., Q4 2014 Earnings Call, Feb 03, 2015

 

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Price/Cash Flow 15.1x
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