Benchmark Electronics (NYSE:BHE) Full Year 2024 Results
Key Financial Results
- Revenue: US$2.66b (down 6.4% from FY 2023).
- Net income: US$63.3m (down 1.5% from FY 2023).
- Profit margin: 2.4% (up from 2.3% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: US$1.76 (down from US$1.81 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Benchmark Electronics EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%.
Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company's shares are down 4.9% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Benchmark Electronics' balance sheet.
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