Key Developments: Benchmark Electronics Inc (BHE)
19.88USD
19 Jun 2013
$-0.07 (-0.35%)
$19.95
$19.91
$20.01
$19.85
88,280
253,229
$20.01
$12.54
Latest Key Developments (Source: Significant Developments)
The Law Firm of Levi & Korsinsky, LLP Launches An Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Directors Of Benchmark Electronics Inc
Levi & Korsinsky, LLP announced that it is investigating Benchmark Electronics Inc and its Board of Directors, in connection with possible claims of breaches of fiduciary duty. Full Article
Benchmark Electronics Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates
Benchmark Electronics Inc announced that for second quarter of 2013, it expects revenue to be between $560 and $590 million. Diluted earnings per share (EPS) between $0.25 and $0.30 (excluding restructuring and Thailand flood related items). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $585 million and EPS of $0.28 for second quarter of 2013. Full Article
The Law Firm of Levi & Korsinsky, LLP Launches Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Directors Of Benchmark Electronics Inc
Levi & Korsinsky, LLP announced that it is investigating Benchmark Electronics Inc., and its Board of Directors, in connection with possible claims of breaches of fiduciary duty. Full Article
Benchmark Electronics Inc Issues Q1 2013 Guidance Below Analysts' Estimates
Benchmark Electronics Inc announced that a strong pull-through of orders in the fourth quarter of 2012 to support customer requirements has contributed to a reduced revenue outlook in the first quarter of 2013. Revenue of between $530 and $560 million and diluted earnings per share (EPS) of between $0.17 and $0.21 (excluding restructuring and Thailand flood related items) are expected in first quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $579 million and EPS of $0.27 for the first quarter of 2013. Full Article
Benchmark Electronics Inc Raises Q4 2012 Guidance-Conference Call
Benchmark Electronics Inc announced that it expects to report revenue and earnings per share modestly above the high end of guidance for the fourth quarter of 2012. The Company provided fourth quarter revenue guidance of $580-$610 million, with corresponding diluted earnings per share between $0.26-$0.31 (excluding restructuring and Thailand flood related charges) on October 25, 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $595 million and EPS of $0.29 for fourth quarter of 2012. Full Article
Benchmark Electronics Inc Announces Management Change-From 8-K
Benchmark Electronics Inc reported in its Form 8-K that on November 21, 2012, the Company issued a press release announcing the retirement of Cary T. Fu as Chairman of the Board effective December 31, 2012 and the appointment of Peter G. Dorflinger to succeed Mr. Fu as Chairman of the Board, effective January 1, 2013. Full Article
Benchmark Electronics Inc Issues Q4 2012 Guidance Below Analysts' Estimates
Benchmark Electronics, Inc. announced that for the fourth quarter of 2012, it expects revenue between $580-$610 million and diluted earnings per share (EPS) between $0.26-$0.31 (excluding restructuring and Thailand flood related charges). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $627 million and EPS of $0.34 for the fourth quarter of 2012. Full Article
Benchmark Electronics, Inc. Issues Q3 2012 Guidance In Line With Analysts Estimates
Benchmark Electronics, Inc. announced that for the third quarter of 2012, it expects revenue between $595-$625 million and diluted earnings per share (EPS) between $0.27-$0.32 (excluding restructuring and Thailand flood related charges). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $613 million and EPS of $0.30 for the third quarter of 2012. Full Article
Benchmark Electronics, Inc. Board Of Directors Authorizes An Additional $100 Million Share Repurchase Program
Benchmark Electronics, Inc. announced that its Board of Directors approved the repurchase of up to $100 million of the Company's outstanding common shares. This repurchase program is in addition to the current, active 2010 repurchase program in which the Company is authorized to purchase up to $100 million of the Company's outstanding common shares. Share repurchases under both programs may be made in the open market, in privately negotiated transactions or block transactions, at the discretion of the Company's management, and as market conditions warrant. During 2012, the Company has repurchased 1,345,000 shares totaling $19.5 million. The timing and amount of specific repurchases are subject to the requirements of the Securities and Exchange Commission, market conditions, alternative uses of capital and other factors. The Company may enter into Rule 10b5-1 plans to facilitate repurchases under the program. A Rule 10b5-1 plan would generally permit the Company to repurchase the shares at times when it might otherwise be prevented from doing so under certain securities laws. Purchases will be funded from available cash and may be commenced, suspended or discontinued at any time without prior notice. Shares repurchased under the program will be retired. Full Article
Benchmark Electronics, Inc. Issues Q2 2012 Guidance; EPS Guidance Above Analysts' Estimates
Benchmark Electronics, Inc. announced that for second quarter of 2012, it expects revenue to be between $595-$625 million and diluted earnings per share between $0.26-$0.30. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $599 million and EPS of $0.25 for second quarter of 2012. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
