BHE
Benchmark Electronics, Inc.45.60
-1.60-3.39%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms momentum, adds details
Q&A largely reaffirmed prepared remarks on sector momentum, with no walk-backs or surprises. Management fleshed out industrial TAM via HVAC, transportation, agriculture, and construction plays. Medical detailed wins in devices and life sciences, promising ramps into 2026 and beyond. Semi cap recovery eyed with 1-3 month response times after capacity planning. A&D moderation pinned to program timing, space ramps for 2027. Gross margins stable at 10%; OpEx offers leverage. Steady tone. Investors track semi visibility.
Key Stats
Market Cap
1.64BP/E (TTM)
45.15Basic EPS (TTM)
1.01Dividend Yield
0.01%Recent Filings
8-K
8-K
Moezidis CEO deal finalized
Benchmark Electronics locked in David Moezidis as President and CEO effective March 31, 2026, via a February 19 agreement with $900,000 base salary, 115% target bonus, and $4M initial equity. Two-year term auto-renews; severance hits 2x total cash without cause, 3x post-change-in-control. Non-compete binds two years post-exit.
10-K
FY2025 results
Benchmark Electronics held FY2025 sales flat at $2.7B versus 2024, with A&D surging 19% to $514M, Medical up 7% to $484M, and Semi-Cap edging 2% higher to $741M, yet AC&C plunged 27% to $345M. Gross margins held steady at 10.2%, but operating income dropped to $76M from $109M on $30M restructuring hits including site closures, a $11M tax settlement, and asset impairments—mostly Americas. Asia operating income ticked up on revenue gains; Europe jumped 36% via demand and controls. Q4 closed strong with inventory down $71M Y/Y to $483M and $124M operating cash flow, funding $27M buybacks and $24M dividends amid $213M debt. Component shortages linger as a supply chain risk.
8-K
Q4 revenue up, CEO transition
8-K
CTO Janick retires
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