EU and US could reach trade deal this weekend - Reuters
TEMPE, Ariz.—Benchmark Electronics Inc. (NYSE:BHE) President and CEO Jeff Benck recently sold 6,000 shares of the company’s common stock. The shares were sold at a price of $38.82 each, totaling approximately $232,920. Following this transaction, Benck retains ownership of 448,180 shares in the company.
The sale was conducted under a pre-established Rule 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a set time to avoid any potential conflicts of interest. The transaction was executed on March 12, 2025, and was filed with the Securities and Exchange Commission on March 13, 2025.
In other recent news, Benchmark Electronics reported its fourth-quarter 2024 earnings, surpassing expectations with an EPS of $0.61 compared to the forecasted $0.55. Despite a slight revenue miss, with $657 million reported against an expected $657.7 million, the company highlighted strategic investments and operational efficiencies as key performance drivers. The annual revenue for 2024 was $2.7 billion, marking a 6% decline from the previous year. Benchmark Electronics also provided revenue guidance for Q1 2025, estimating between $620 million and $660 million. The company anticipates growth in the semiconductor capital equipment sector and continued expansion in aerospace and defense. Analyst firms have not provided specific upgrades or downgrades for Benchmark Electronics, but the company remains optimistic about its competitive advantage in domestic manufacturing and AI infrastructure. Additionally, Benchmark Electronics has been making strategic investments in Malaysia to support future growth in the semiconductor sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.