BHE

Dividend Predictability: Dividend amounts are often unpredictable and fluctuate with a company's profitability, as illustrated by Benchmark Electronics, Inc.'s historical dividend chart.

Investment Insight: The article suggests evaluating the recent dividend history to determine if a 2% annual yield is a reasonable expectation for investors.

Dividend Announcement: Benchmark Electronics, Inc. declared a quarterly cash dividend of $0.17 per share, payable on April 11, 2025, to shareholders recorded by March 31, 2025.

Company Overview: Benchmark provides solutions across various industries including aerospace, medical, and semiconductor, with operations in seven countries and trades under the symbol BHE on the NYSE.

Fourth Quarter 2024 Financial Results: Benchmark Electronics reported a revenue of $657 million for Q4 2024, with growth in Semiconductor Capital Equipment and Aerospace & Defense sectors, while facing declines in Medical and Advanced Computing & Communications. The company achieved a GAAP earnings per share of $0.50 and delivered its seventh consecutive quarter of positive Free Cash Flow.

Full Year 2024 Performance and Future Outlook: For the full year, Benchmark generated $2.7 billion in revenue, driven by strong performance in Semi-Cap and A&D, with a GAAP earnings per share of $1.72. Looking ahead, the company anticipates Q1 2025 revenue between $620 million and $660 million, maintaining a focus on financial discipline and strategic investments.

Earnings Performance: Benchmark Electronics Inc reported fourth-quarter earnings of $18.42 million ($0.50 per share), an increase from $17.55 million ($0.49 per share) last year, surpassing analysts' expectations of $0.56 per share.

Revenue Decline and Future Guidance: The company's revenue decreased by 5% to $656.89 million compared to $691.35 million last year, with next quarter EPS guidance set between $0.48 - $0.54 and revenue expected to be in the range of $620-$660 million.

Earnings Announcement: Benchmark Electronics, Inc. will announce its fourth quarter and fiscal year 2024 results on January 29, 2025, after market close, followed by a conference call at 5:00 p.m. Eastern Time.

Webcast Availability: A live audio webcast of the earnings call will be accessible on the Benchmark Investor Relations website, with a replay available for 12 months post-event.

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PACCAR and Eli Lilly Dividend Increases: PACCAR's Board approved a 10% increase in its quarterly cash dividend to $0.33 per share, payable on March 5, 2025. Eli Lilly announced a new $15 billion share repurchase program and a 15% increase in its quarterly dividend to $1.50 per share, payable on March 10, 2025.

Stryker, Benchmark Electronics, and TJX Dividends: Stryker declared a quarterly dividend of $0.84 per share, a 5% increase, payable January 31, 2025. Benchmark Electronics announced a dividend of $0.17 per share, payable January 14, 2025, while TJX Companies declared a dividend of $0.375 per share, payable March 6, 2025.

Dividend Announcement: Benchmark Electronics, Inc. declared a quarterly cash dividend of $0.17 per share, payable on January 14, 2025, to shareholders recorded by December 31, 2024.

Company Overview: Benchmark Electronics provides solutions across various industries including aerospace, defense, and medical, with operations in seven countries and trades under the symbol BHE on the NYSE.

Earnings Report: Benchmark Electronics Inc reported a profit of $15.37 million ($0.42 per share) for Q3, down from $20.41 million ($0.57 per share) last year, but exceeded analyst expectations of $0.54 per share.

Revenue Decline: The company's revenue fell 8.6% to $657.75 million compared to $719.70 million in the same quarter last year, with guidance for next quarter's EPS expected between $0.53 and $0.59.

Conference Call Announcement: Benchmark Electronics Inc will hold a conference call on October 30, 2024, at 5:00 PM ET to discuss their Q3 24 earnings results.

Access Information: The live webcast can be accessed via their investor relations website, and listeners can join the call by dialing 800-343-4136 with the Conference ID: BE3Q24.

Financial Performance: Benchmark Electronics reported third quarter 2024 revenue of $658 million, with a net income of $15 million and non-GAAP earnings per share of $0.57, marking the 16th consecutive quarter of non-GAAP operating margin expansion year-over-year.

Future Guidance: The company anticipates fourth quarter 2024 revenue between $640 million and $680 million, with diluted GAAP earnings per share projected between $0.40 and $0.46, while also highlighting ongoing challenges in sales from certain sectors like Advanced Computing and Communications.

Top Rated IT Stocks: The article highlights the top-rated Information Technology stocks based on Validea's P/E/Growth Investor model, particularly focusing on Benchmark Electronics Inc (BHE), Axcelis Technologies Inc (ACLS), DoubleVerify Holdings Inc (DV), and ASM International NV (ASMIY), with ratings reflecting their fundamentals and valuations.

Peter Lynch's Investment Strategy: It discusses Peter Lynch's investment strategy, which emphasizes finding reasonably priced stocks with strong earnings growth and solid balance sheets, along with a brief overview of his successful investment career and the services offered by Validea.

Earnings Announcement: Benchmark Electronics, Inc. will announce its third quarter 2024 results on October 30, 2024, after market close, followed by a conference call at 5:00 p.m. Eastern Time.

Webcast Details: A live audio webcast of the earnings call will be available on the Benchmark Investor Relations website, with a replay accessible for 12 months post-event.

Earnings Reports: PepsiCo is expected to report quarterly earnings of $2.29 per share, while Accolade anticipates a loss of 44 cents per share; both companies will release their earnings before the market opens today.

Stock Movements: MEDIROM Healthcare shares rose by 7.2% following its acquisition of Y's, Inc. rehabilitation centers, while Benchmark Electronics' shares fell slightly after announcing a new CFO.

New CFO Appointment: Benchmark Electronics, Inc. has appointed Bryan Schumaker as the new chief financial officer (CFO), effective October 8, bringing over 20 years of financial and leadership experience.

Expertise and Impact: Schumaker's previous role as CFO at SOURCE Global involved significant transformations in financial operations, positioning him to contribute to Benchmark's strategic direction and operational excellence.

New CFO Appointment: Benchmark Electronics, Inc. has appointed Bryan Schumaker as the new chief financial officer (CFO), effective October 8, bringing over 20 years of experience in financial leadership.

Expertise and Impact: Schumaker's previous role as CFO at SOURCE Global involved transforming financial operations and preparing the company for public market readiness, which is expected to benefit Benchmark's strategic direction and operational excellence.

New CFO Appointment: Benchmark Electronics has appointed Bryan Schumaker as the new Chief Financial Officer, effective October 8, 2024, bringing over 20 years of financial experience in both public and private sectors.

Strategic Leadership Role: Schumaker's previous success in transforming financial operations and driving revenue growth positions him to play a crucial role in Benchmark's strategic direction and operational excellence.

Upcoming Ex-Dividend Dates: Steelcase, Inc., Lennox International Inc, and Benchmark Electronics, Inc. will trade ex-dividend on 9/30/24, with respective dividends of $0.10, $1.15, and $0.17 scheduled for payment in mid-October.

Market Impact and Historical Yields: Following the ex-dividend date, shares are expected to drop by approximately 0.78%, 0.19%, and 0.39% respectively; current estimated annual yields are 3.11% for Steelcase, 0.74% for Lennox, and 1.56% for Benchmark.

Top Rated IT Stocks: The article highlights the top-rated Information Technology stocks according to Validea's P/E/Growth Investor model, focusing on Benchmark Electronics Inc (BHE), Axcelis Technologies Inc (ACLS), and DoubleVerify Holdings Inc (DV) based on their ratings derived from Peter Lynch's investment strategy.

Investment Strategy Overview: It explains that the ratings are based on the companies' fundamentals and valuations, with scores above 80% indicating interest and those above 90% indicating strong interest, while also providing a brief description of each company's services and market focus.

Technology Stocks Performance: Technology stocks showed mixed results with the SPDR S&P Semiconductor ETF slightly up while the Technology Select Sector SPDR Fund was down 0.1%.

Company Updates: Netgear shares surged over 20% after raising revenue expectations, while Aviat Networks fell more than 7% due to a late filing notification, and Benchmark Electronics gained over 1% after opening a new facility in Malaysia.