Benchmark Electronics, Inc.
43.78+1.06 (+2.48%)
Oct 29, 4:00:02 PM EDT · NYSE · BHE · USD
Key Stats
Market Cap
1.57BP/E (TTM)
42.10Basic EPS (TTM)
1.04Dividend Yield
0.02%Recent Filings
8-K
Slessor joins Benchmark board
Benchmark Electronics appointed Dr. Michael Slessor, CEO of FormFactor with over 25 years in semiconductors, as an independent director on October 7, 2025, filling the vacancy from Robert Gifford's unexpected passing. Slessor joins the audit committee immediately, bringing expertise in technology product development and acquisitions. His addition bolsters strategic leadership. Compensation matches other non-employee directors, prorated from appointment.
8-K
Quarterly dividend declared
Benchmark Electronics declared a quarterly dividend of $0.17 per share on September 9, 2025, payable October 13 to shareholders of record September 30. This steady payout underscores the company's commitment to returning capital amid its global operations in tech and engineering. Dividend maintained. Investors should note the consistent yield supports long-term holding.
8-K
Benchmark CEO succession announced
Benchmark Electronics announced CEO Jeffrey Benck's retirement effective March 31, 2026, after seven years steering strategic growth in engineering and manufacturing. David Moezidis, current Executive VP and Chief Commercial Officer with 30+ years in EMS and prior Flex leadership, steps up immediately as President and assumes CEO role then. Benck stays on as advisor through March 31, 2027, at $100,000 base salary, ensuring smooth handover. Succession bolsters continuity amid high-tech demands.
8-K
Swoboda joins Benchmark board
Benchmark Electronics appointed Charles Swoboda, former Chairman and CEO of Cree (now Wolfspeed), as an independent director effective August 4, 2025, to bolster its board with expertise in technology innovation and manufacturing. Swoboda's track record scaling a $177 million R&D firm into a $1.6 billion semiconductor leader aligns with Benchmark's push into complex solutions and global operations. His addition sharpens strategic oversight. Yet, integration of his insights remains key.
10-Q
Q2 FY2025 results
Benchmark Electronics posted Q2 sales of $642.3M, down 4% y/y but up 5% q/q (derived), as AC&C demand softened 44% y/y while Semi-Cap and A&D grew 11% and 16% y/y, respectively, buoyed by new wins and market recovery. Gross profit dipped to $64.8M with a steady 10.1% margin, but operating income fell 25% y/y to $20.5M amid higher SG&A and restructuring costs; net income shrank to $1.0M or $0.03 diluted EPS from $15.5M or $0.43 y/y, the delta mainly from $10.4M discrete tax charges on China earnings repatriation and withholding taxes. Free cash flow stood at $12.3M for the half-year, with cash at $264.6M and $485.6M revolver availability after refinancing to a $700M facility maturing 2030. Shares repurchased totaled $16.0M y/y. Tax disputes in Mexico linger as a regulatory risk.
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