Benchmark

OverviewSuggest Edit

Benchmark (also known as Benchmark Electronics) is a company providing integrated technology solutions and manufacturing, design, and engineering services. The company offers new product design, prototyping, electronics manufacturing, component engineering, circuit board assembly, testing, and supply chain services. Its technology solutions are applied in integrated surveillance, Internet of Things (IoT), embedded systems, robotics, microelectronics, optical, radiofrequency, and wireless products. Benchmark serves the aerospace, defense, medical technologies, complex industrials, computing and networking, and semiconductor capital equipment markets.
TypePublic
Founded1979
HQTempe, AZ, US
Websitebench.com
Employee Ratings3.3
Overall CultureD-

Latest Updates

Employees (est.) (Dec 2021)10,900(-2%)
Job Openings268
Revenue (FY, 2021)$2.3 B(+10%)
Share Price (May 2022)$24.1
Cybersecurity ratingCMore
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Key People/Management at Benchmark

Jeff Benck

Jeff Benck

President and Chief Executive Officer, Director
Roop Lakkaraju

Roop Lakkaraju

EVP, Chief Financial Officer
Michael Buseman

Michael Buseman

EVP, Chief Operating Officer
Jan Janick

Jan Janick

SVP, Chief Technology Officer
Rhonda Turner

Rhonda Turner

SVP, Chief Human Resources Officer
Stephen Beaver

Stephen Beaver

SVP, General Counsel and Chief Legal Officer
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Benchmark Office Locations

Benchmark has offices in Tempe, Arden Hills, Austin, Concord and in 18 other locations
Tempe, AZ, US (HQ)
56 S Rockford Dr
Arden Hills, MN, US
8 Pine Tree Dr #200
Austin, TX, US
200c Parker Dr
Concord, CA, US
4041 Pike Ln
Fremont, CA, US
42701 Christy St
Goodview, MN, US
4065 Theurer Blvd
Show all (25)

Benchmark Financials and Metrics

Benchmark Revenue

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Benchmark's revenue was reported to be $2.26 b in FY, 2021 which is a 9.8% increase from the previous period.
USD

Revenue (Q1, 2022)

636.1m

Gross profit (Q1, 2022)

57.6m

Gross profit margin (Q1, 2022), %

9.1%

Net income (Q1, 2022)

11.0m

EBIT (Q1, 2022)

15.4m

Market capitalization (23-May-2022)

844.3m

Closing stock price (23-May-2022)

24.1

Cash (31-Mar-2022)

244.9m

EV

887.7m
Benchmark's current market capitalization is $844.3 m.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

2.3b2.1b2.3b

Revenue growth, %

(12%)(9%)10%

Cost of goods sold

2.1b1.9b2.0b

Gross profit

200.4m175.0m205.9m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

515.0m491.0m526.0m505.7m544.7m571.9m636.1m

Cost of goods sold

471.6m456.3m479.6m463.5m496.7m518.2m578.5m

Gross profit

43.4m34.7m46.4m42.2m47.9m53.7m57.6m

Gross profit Margin, %

8%7%9%8%9%9%9%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

347.6m390.8m271.7m

Accounts Receivable

324.4m309.3m355.9m

Inventories

315.0m327.4m523.2m

Current Assets

1.2b1.2b1.3b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

411.8m351.2m329.6m400.4m369.3m288.6m244.9m

Accounts Receivable

317.9m302.1m306.2m276.3m290.1m311.4m382.0m

Inventories

338.4m363.7m352.9m355.2m415.3m478.3m608.3m

Current Assets

1.3b1.2b1.2b1.2b1.3b1.3b1.5b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

23.4m14.1m35.8m

Depreciation and Amortization

48.4m48.8m44.2m

Inventories

(5.2m)(10.8m)(197.9m)

Accounts Payable

(121.9m)(15.6m)140.0m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

3.9m445.0k6.4m7.9m15.3m23.4m11.0m

Depreciation and Amortization

12.2m24.5m36.9m11.1m22.0m33.0m10.9m

Inventories

(23.8m)(48.7m)(37.1m)(28.7m)(88.6m)(151.5m)(85.8m)

Accounts Payable

14.9m7.0m(18.3m)42.4m92.7m114.5m35.9m
USDFY, 2019

EV/EBIT

39.8 x

EV/CFO

12.2 x

Revenue/Employee

214.0k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.7 x

P/E Ratio

57.3
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Benchmark Operating Metrics

Benchmark's Backlog was reported to be $1.8b in FY, 2019.
FY, 2017FY, 2018FY, 2019FY, 2021

Backlog

$2 b$2.1 b$1.8 b

Countries (Manufacturing Sites)

7778

Manufacturing Space, sq. ft.

4.17 m4.01 m3.82 m3.75 m

Benchmark Acquisitions / Subsidiaries

Company NameDateDeal Size
Secure Communication SystemsOctober 22, 2015$230 m
Secure TechnologyOctober 22, 2015
Suntron CorporationJanuary 13, 2013
PEMSTAR Inc.January 08, 2007
ACT ManufacturingJuly 02, 2002$45.2 m
Lockheed Martin Commercial Electronics CompanyJanuary 24, 1998
EMD Technologies Inc.June 30, 1996$51 m
AVEX Constitution, Inc.
AVEX Liberty, Inc.
BE Group Holdings B.V.
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Benchmark Revenue Breakdown

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Benchmark revenue breakdown by business segment: 16.9% from A&D, 8.8% from Computing, 19.0% from Industrials, 20.5% from Medical, 24.4% from Semi-Cap and 10.4% from Telecommunications

Benchmark revenue breakdown by geographic segment: 38.5% from Asia, 10.1% from Europe and 51.4% from United States

Benchmark Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

Benchmark Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Benchmark Online and Social Media Presence

Embed Graph

Benchmark Company Culture

  • Overall Culture

    D-

    54/100

  • CEO Rating

    F

    51/100

  • Compensation

    B

    71/100

Learn more on Comparably

Benchmark News and Updates

Benchmark Reports First Quarter 2022 Results

Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the first quarter ended March 31, 2022.

Benchmark Electronics To Report First Quarter 2022 Results

Benchmark Electronics, Inc. (NYSE: BHE) will announce its first quarter 2022 results on Tuesday, April 26, 2022, after the market closes. The Company will host a conference call to discuss the results later that day at 5:00 p.m. Eastern Time.

National Association of Manufacturers selects Benchmark as Winner of the 2022 Manufacturing Leadership Awards in the Transformational Cultures Category

Benchmark's BEX Olympics Program Recognized for its Impact on Improving the Company's Operational Efficiency by Leveraging Lean Six Sigma Principles TEMPE, Ariz., April 5, 2022 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of design, engineering, and...

Benchmark Electronics To Report Fourth Quarter And Full Year 2021 Results

Benchmark Electronics, Inc. (NYSE: BHE) will announce its fourth quarter and full year 2021 results on Thursday, February 3, 2022, after the market closes. The Company will host a conference call to discuss the results later that day at 5:00 p.m. Eastern Time.

Benchmark Electronics Announces Quarterly Cash Dividend

Benchmark Electronics, Inc. (NYSE: BHE) today announced that its Board of Directors declared a quarterly dividend of $0.165 per share, payable on January 13, 2022 to shareholders of record at the close of business on December 30, 2021.

Benchmark Electronics To Report Third Quarter 2021 Results

Benchmark Electronics, Inc. (NYSE: BHE) will announce its third quarter 2021 results on Wednesday, October 27, 2021, after the market closes. The Company will host a conference call to discuss the results later that day at 5:00 p.m. Eastern Time.
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Benchmark Blogs

People on the Move - Lisa Weeks

The Phoenix Business Journal's spot "People on the move" features industry leaders that are making strides in the Phoenix business economy. We are proud to have our senior leadership featured and this week it’s our vice president of Strategy and Investor Relations, Lisa Weeks. 

Looking Back at the 35th Annual MD&M West Expo & Conference

Benchmark had the pleasure of exhibiting at this year’s hallmark Medical Design and Manufacturing West Expo and Conference in Anaheim, where our team met with medical device industry leaders, buyers, suppliers, and partners. And with over 21,000 attendees and nearly 2,000 exhibitors ther…

Why Miniaturization is a Big Deal in Medical Devices

The medical device industry is unparalleled, where innovation in technology meets the understanding of the human body to treat diseases and disorders.  Medical devices vary greatly, from simple diagnostic tools to complex and life-saving equipment such as pacemakers and ventilators. Thes…

How Big is a Micron?

Benchmark offers microelectronics assembly with placement tolerances of 1-2 microns semi-automated and 7 microns automated. We also design and build high density circuits featuring lines and spaces of 25 microns. So what the heck does that mean? And, how big (or small) is a micron really…

Shaking Things Up With Benchmark'S AVEX Shock Machine

Benchmark's AVEX® Shock Machines™ are used in the design and destructive testing of components, circuits, hybrids, and complete assemblies. Avex Shock Machines are designed and built in Huntsville, Alabama and come in three sizes/models to serve a wide variety of testing needs across ind…

Is Your Software a Medical Device?

If you manufacture medical devices today, you’re likely quite familiar with two seasoned organizations and the voluntary international standards they develop and publish; the International Standards Organization (ISO) and the International Electrotechnical Commission (IEC). 
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Benchmark Frequently Asked Questions

  • When was Benchmark founded?

    Benchmark was founded in 1979.

  • Who are Benchmark key executives?

    Benchmark's key executives are Jeff Benck, Roop Lakkaraju and Michael Buseman.

  • How many employees does Benchmark have?

    Benchmark has 10,900 employees.

  • What is Benchmark revenue?

    Latest Benchmark annual revenue is $2.3 b.

  • What is Benchmark revenue per employee?

    Latest Benchmark revenue per employee is $206.9 k.

  • Who are Benchmark competitors?

    Competitors of Benchmark include Sanmina, Kimball Electronics and Centum Electronics.

  • Where is Benchmark headquarters?

    Benchmark headquarters is located at 56 S Rockford Dr, Tempe.

  • Where are Benchmark offices?

    Benchmark has offices in Tempe, Arden Hills, Austin, Concord and in 18 other locations.

  • How many offices does Benchmark have?

    Benchmark has 25 offices.