How does BHE's earnings trend compare year-over-year?
4/5/2025 08:38pm
**Benchmark Electronics' (BHE) earnings trend shows a slight decline year-over-year**, with some notable points of comparison:
1. **Revenue Comparison**:
- Full-year 2024 revenue was $2.7 billion, compared to $2.839 billion in 2023, indicating a decrease.
- Quarterly, the fourth quarter of 2024 saw revenue of $657 million, a slight increase from the previous quarter's $658 million but a 5% decrease from the same quarter in the previous year.
2. **Net Income Comparison**:
- Full-year 2024 net income was $63 million, compared to $64 million in 2023, showing a decline.
- Quarterly, net income for the fourth quarter was $18 million, similar to the previous quarter's $15 million but down from $18 million in the same quarter of the previous year.
3. **Earnings Per Share (EPS) Comparison**:
- Full-year 2024 EPS was $1.72, compared to $1.79 in 2023, indicating a decrease.
- Quarterly, EPS for the fourth quarter was $0.50, similar to the previous quarter's $0.42 but down from $0.49 in the same quarter of the previous year.
4. **Operating Margin Comparison**:
- Non-GAAP operating margin was 5.1% for the fourth quarter, down from 5.5% in the same quarter of the previous year.
- Full-year non-GAAP operating margin was 5.1%, compared to 4.9% in 2023, showing an improvement in quarterly performance but remaining below the previous year's full-year average.
In summary, while BHE has shown resilience in certain financial metrics, such as gross margin and non-GAAP operating margin, there is a noticeable decline in revenue, net income, and EPS when compared to the previous year. The company's performance highlights the challenges faced in navigating sector-specific declines, particularly in the medical and advanced computing sectors, while maintaining strength in other areas like semicap and A&D.