Benchmark Electronics (NYSE:BHE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$657.7m (down 8.6% from 3Q 2023).
• Net income: US$15.4m (down 25% from 3Q 2023).
• Profit margin: 2.3% (down from 2.8% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.43 (down from US$0.57 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Benchmark Electronics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in the US.

The company's shares are up 3.2% from a week ago.

Risk Analysis

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