Jason Smith's questions to Benchmark Electronics Inc (BHE) leadership • Q2 2025
Question
Jason Smith of Lake Street Capital Markets questioned if the completion of the inventory digestion period in the Medical segment occurred faster than previously expected. He also asked for more detail on the size of the space sector within the broader Aerospace & Defense (A&D) segment.
Answer
EVP & CCO David Moezidis responded that the Medical inventory clearing took slightly longer than anticipated but has now dissipated, and the company successfully won new business during this period. CEO Jeff Benck addressed the A&D question, stating that while sub-sector sizes are not disclosed, the space business is a 'meaningful contributor' with the potential to reach tens of millions in revenue, leveraging the company's complex systems and RF expertise.