Benchmark Electronics Inc. (BHE) reported third-quarter net income of $16 million or $0.25 per share compared to $24 million or $0.35 per share last year.
Excluding restructuring charges and a discrete tax benefit related to a previously closed facility, the company would have reported net income of $17 million or $0.27 per share compared to $20 million or $0.31 per share prior year. On average, 7 analysts polled by Thomson Reuters expected the company to report profit of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.
Sales were $510 million compared to $642 million prior year. Analysts expected revenue of $493.55 million for the quarter.
The company expects fourth-quarter sales to be in the range of $520 million-$560 million. Earnings per share, excluding restructuring charges, are expected to be in the range of $0.22-$0.26.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.