Benchmark Electronics (BHE) Reports In-Line Q4 EPS; Guides Q1 Lower

Benchmark Electronics (NYSE: BHE) reported Q4 EPS of $0.43, in-line with the analyst estimate of $0.43. Revenue for the quarter came in at $710 million versus the consensus estimate of $727.05 million.

"Although our Computing and Telecom demand was weaker than expected in the fourth quarter, it was offset by new program ramps and increased demand in our non-traditional markets. Combining another quarter of solid operational performance with this favorable business mix, we achieved a 4% operating margin," said CEO Gayla Delly. "For the full year, we enjoyed robust 12% revenue growth, strong operating cash flows of $137 million and improved margins of 3.9%. We believe our current performance, recent bookings and continued diversification of our portfolio position us well to meet our long-term financial goals."

Benchmark Electronics sees Q1 2015 EPS of $0.30-$0.34, versus the consensus of $0.38. Benchmark Electronics sees Q1 2015 revenue of $615-645 million, versus the consensus of $676.11 million.

"Our first quarter guidance reflects lingering headwinds in Computing and Telecom; however, we expect growth to resume in these sectors in the second half of the year. For 2015, we anticipate that our non-traditional revenue base of Industrial, Medical, and Test & Instrumentation will continue to strengthen," said CFO Don Adam.

For earnings history and earnings-related data on Benchmark Electronics (BHE) click here.

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