Benchmark Electronics Reports Q4 Sales in Line with Estimates

Financial Highlights:

* Revenue: $656.9 million (in line with estimates)
* Adjusted EPS: $0.61 (8.9% above consensus)
* Q1 CY2025 Revenue Guidance: $640 million (roughly in line with expectations)
* Q1 CY2025 Adjusted EPS Guidance: $0.51 (exceeding analyst estimates)
* Adjusted EBITDA Margin: 8.1% (up from 6.7% YoY)
* Free Cash Flow Margin: 10.7% (down from 18.5% YoY)
* Market Capitalization: $1.58 billion

Company Overview:

Benchmark Electronics (NYSE: BHE) provides product design, engineering services, technology solutions, and manufacturing services globally. It specializes in electrical systems, leveraging connectivity and industrial automation trends.

Sales Growth:

* 5-year annual growth rate: 3.2%
* YoY decline in Q4: 5%
* Q1 guidance: 5.3% YoY decline
* Analyst expectations for next 12 months: 4% growth

Operating Margin:

* Trailing 12-month average: 3.5%
* Current margin: 4.3%
* 5-year improvement: 2.2 percentage points

Earnings Per Share (EPS):

* 5-year annual growth rate: 11.4%
* Current EPS: $0.61 (up YoY)
* Q1 guidance: $0.51
* Analyst expectations for full-year 2025: $2.26

Key Takeaways:

* Q4 EPS beat analyst estimates.
* EPS guidance for Q1 exceeds expectations.
* Revenue was in line with estimates.
* Company's strategy continues to drive margin expansion and free cash flow generation.

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