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Benchmark Electronics Inc

Benchmark Electronics, Inc. (BHE) is a leading worldwide provider of engineering, design, and integrated electronics manufacturing services. It is a public company listed on the New York Stock Exchange (NYSE) under the ticker symbol BHE.

Here are some key highlights of the company's history, financials, and growth prospects:

History:

Benchmark Electronics was founded in 1971 in Angleton, Texas. It started as a small electronics manufacturing services company serving the oil and gas industry. Over the years, the company expanded its services and customer base, going public in 1987. Today, it is a global company with over 10,000 employees and 14 manufacturing facilities worldwide.

Financials:

Benchmark Electronics generates around $2.5 billion in annual revenues, providing engineered solutions, manufacturing, and supply chain services to original equipment manufacturers (OEMs) in various industries. Its customers include industry leaders such as General Electric, Cisco Systems, Hewlett-Packard Enterprise, and Intel.

In fiscal year 2022 (ended December 31, 27), Benchmark Electronics reported a net income of $38.7 million on revenue of $2.46 billion. The company had $1.12 billion in cash and investments as of December 31, 2022.

Growth Prospects:

Benchmark Electronics has a solid track record of growth through strategic acquisitions and expanding services. It recently acquired Sparton Corporation, a provider of design, development, and manufacturing services for harsh environment electronics. The acquisition strengthens Benchmark's position in the industrial, medical, and defense markets. The company plans to expand its services further into areas such as the Internet of Things (IoT), automation, and security.

Benchmark Electronics is well-positioned to benefit from growing demand for electronics manufacturing services in the years ahead. According to Grand View Research, the global electronics manufacturing services market size is anticipated to reach USD 562.19 billion by 2028, registering a compound annual growth rate (CAGR) of 7.7% during the forecast period.

Valuation:

As of the current market price, Benchmark Electronics has a market capitalization of around $1.34 billion. The stock has a 52-week range of $16.20 - $26.83 and a PE ratio of 16.08. The company pays a small dividend yield of 0.64%. The stock has had a generally flat trajectory over the past five years, with some fluctuations in between.

Conclusion:

Benchmark Electronics, Inc. (BHE) is a seasoned player in electronics manufacturing services with a strong global presence. It has a diversified customer base and continues to expand its offerings in growing markets. While the stock may not be a high-growth play, it could be considered a stable, dividend-paying investment for those interested in the electronics manufacturing space. However, conducting thorough research and analysis is always advisable before making investment decisions.

Keep in mind that facts and figures may have changed since the last available information. For the most up-to-date information, visit financial websites, such as Yahoo Finance or Seeking Alpha.

It is essential to note that investing in stocks carries risk. Be sure to do your research and consult with financial professionals before making any investment decisions.