OverviewSuggest Edit

Benchmark Electronics is a provider of integrated technology solutions, manufacturing and design engineering services to original equipment manufacturers. The company offers new product design, prototyping, electronics manufacturing, component engineering, circuit board assembly, testing, and supply chain services. Its technology solutions are applied for integrated surveillance, Internet of Things (IoT), embedded systems, robotics, microelectronics, optical, radiofrequency and wireless products. The company serves aerospace, defense, medical technologies, complex industrials, computing and networking, and semiconductor capital equipment markets.

TypePublic
Founded1979
HQTempe, US
Websitebench.com
Employee Ratings3.1
Culture scoreD-

Latest Updates

Employees (est.) (Dec 2019)10,600
Job Openings119
Revenue (FY, 2019)$2.3 B(-11%)
Share Price (May 2020)$20.4

Key People/Management at Benchmark

David W. Scheible

David W. Scheible

Chairman of the Board
Jeff Benck

Jeff Benck

President and Chief Executive Officer
Rob Crawford

Rob Crawford

Chief Revenue Officer
Roop Lakkaraju

Roop Lakkaraju

Chief Financial Officer
Michael Buseman

Michael Buseman

Executive Vice President of Global Operations
Stephen Beaver

Stephen Beaver

Vice President and General Counsel
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Benchmark Office Locations

Benchmark has offices in Tempe, Angleton, Arden Hills, Concord and in 15 other locations
Tempe, US (HQ)
56 S Rockford Dr
Angleton, US
3000 Technology Dr
Arden Hills, US
6 Pine Tree Dr
Concord, US
4041 Pike Ln
Fremont, US
42701 Christy St
Goodview, US
4065 Theurer Blvd
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Benchmark Financials and Metrics

Benchmark Revenue

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Benchmark's revenue was reported to be $2.27 b in FY, 2019 which is a 11.6% decrease from the previous period.
USD

Revenue (Q1, 2020)

515.0m

Gross profit (Q1, 2020)

43.4m

Gross profit margin (Q1, 2020), %

8.4%

Net income (Q1, 2020)

3.9m

EBIT (Q1, 2020)

6.5m

Market capitalization (22-May-2020)

741.1m

Closing stock price (22-May-2020)

20.4

Cash (31-Mar-2020)

411.8m

EV

636.9m
Benchmark's current market capitalization is $741.1 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

2.5b2.6b2.3b

Revenue growth, %

7%4%(12%)

Cost of goods sold

2.2b2.3b2.1b

Gross profit

227.7m220.6m200.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

608.1m660.6m640.7m602.8m601.6m555.2m515.0m

Cost of goods sold

549.8m606.3m587.9m549.0m548.6m502.3m471.6m

Gross profit

58.3m54.3m52.8m53.8m53.0m52.9m43.4m

Gross profit Margin, %

10%8%8%9%9%10%8%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

742.5m458.1m347.6m

Accounts Receivable

436.6m468.2m324.4m

Inventories

397.2m310.0m315.0m

Current Assets

1.6b1.4b1.2b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

676.3m595.6m475.7m395.3m396.6m348.0m411.8m

Accounts Receivable

403.8m445.0m456.0m405.4m362.9m348.1m317.9m

Inventories

306.0m319.0m321.2m315.6m316.2m315.8m338.4m

Current Assets

1.6b1.5b1.4b1.3b1.3b1.2b1.3b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(32.0m)22.8m23.4m

Depreciation and Amortization

48.7m51.8m48.4m

Inventories

(14.0m)(43.3m)(5.2m)

Accounts Payable

29.5m61.4m(121.9m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(23.6m)(12.7m)(4.9m)13.8m23.2m30.4m3.9m

Depreciation and Amortization

12.4m25.1m39.6m12.2m24.1m36.4m12.2m

Inventories

(38.2m)(52.1m)(54.3m)(5.9m)(6.3m)(6.6m)(23.8m)

Accounts Payable

2.3m23.1m12.6m(45.9m)(49.4m)(122.2m)14.9m
USDY, 2020

EV/EBIT

98.1 x

EV/CFO

-204.9 x

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x
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Benchmark Operating Metrics

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

Backlog

$2 b$2.10 b$1.80 b

Countries (Manufacturing Sites)

7 7 7

Manufacturing Space, sq. ft.

4.17 m4.01 m3.82 m
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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
AVEX Constitution, Inc.
AVEX Liberty, Inc.
BE Group Holdings B.V.
BEI Electronics Ireland Ltd.
Benchmark BV Holdings, Inc.
Benchmark Electronics B.V.
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Benchmark Revenue Breakdown

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Benchmark revenue breakdown by business segment: 7.5% from Europe Manufacturing, 31.6% from Asia Manufacturing and 60.9% from Americas Manufacturing

Benchmark revenue breakdown by geographic segment: 11.7% from Europe, 17.2% from Asia, 66.5% from United States and 4.5% from Other

Benchmark Online and Social Media Presence

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Benchmark Company Culture

  • Overall Culture

    D-

    51/100

  • CEO Rating

    D-

    56/100

  • Compensation

    A+

    80/100

Learn more on Comparably

Benchmark News and Updates

Benchmark Electronics to Report Second Quarter 2019 Results

TEMPE, Ariz., July 17, 2019 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) will announce its second quarter 2019 results on Wednesday, July 24, 2019, 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....

2019 Market Analysis Of Electronics Manufacturing Services Market ! Segmented By Key Players;Syniverse Technologies LLC ,Altadox Inc. ,Benchmark Electronics Inc. ,Celestica Inc. ,Compal Electronics Inc. and Forecast to 2025

Global Electronics Manufacturing Services Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Electronics Manufacturing Services Market is continuously growing across the world over the coming y…

Benchmark Electronics Reports Fourth Quarter 2018 Results

TEMPE, Ariz., Feb. 7, 2019 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the fourth quarter and year ended December 31, 2018. Three Months Ended Dec 31, Sep 30, Dec 31, In millions, except EPS 2018 2018 2017(1) Net sales $657 $641 $666 Net...

Services Outsourcing Opportunities in Medical Devices Market SWOT Analysis by Key Players: Accellent, Avail Medical Product, Benchmark Electronics

Stay up-to-date with Services Outsourcing Opportunities in Medical Devices Market offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth. Posted via Industry Today. Follow us on Twitter @IndustryToday

Electronic Manufacturing Services (Ems) 2018 Global Market Key Players – Elcoteq, Jabil, Solectron, Celestica, SIIX, Celestica, Benchmark Electronics -Analysis And Forecast To 2023

Electronic Manufacturing Services (Ems) – Global Market Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

Benchmark Electronics Reports Third Quarter 2018 Results

SCOTTSDALE, Ariz., Oct. 30, 2018 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the third quarter ended September 30, 2018. Three Months Ended Sep 30, Jun 30, Sep 30, In millions, except EPS 2018 2018 2017(1) Net sales $641 $661 $611 Net...
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Benchmark Blogs

Engineering Profile- The Lark Technology Team

The Benchmark Engineering Profile is an ongoing blog feature highlighting the engineering teams located around the world. Tune in every month to read the next installment in the series. This month features the engineers of Benchmark Lark Technology in Phoenix, Arizona. Next up: Benchmark…

Rohde & Schwarz selects Benchmark as a global manufacturing partner

Rohde & Schwarz has signed a strategic agreement with Benchmark Electronics, Inc., to enhance its manufacturing capacities. The partnership enables Rohde & Schwarz to quickly and reliably meet the growing demand for its products.

Looking Ahead to the Future

As we begin a new year and celebrate everything Benchmark has accomplished, it’s remarkable to note that 2019 was our 40th year in business.  As a premier innovation partner for our customers, we’ve always been laser-focused on developing solutions for their most complex challenges. Now …

Small Electronics for a Big Universe: Miniaturization for Space Applications

Space captures the imagination, offering new frontiers to explore and endless technological challenges to overcome. Electronics that operate in space are often cutting-edge but also need to be tough; they contend with radiation, extreme temperatures and the stress of moving from the grou…

How Advances in Partitioning Will Revolutionize Electronics

Today’s electronics-- whether it be a laptop or a missile control system-- are all partitioned in similar ways. Functions like power, RF signal processing, digital processing, etc. are often partitioned on separate boards that group the components required for that function. The way in w…

Engineering Profile - the Minnesota Team

The Benchmark Engineering Profile is an ongoing blog feature highlighting the engineering teams located around the world. Tune in every month to read the next installment in the series. This month features our engineering team in Minnesota.
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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 David W. Scheible, Jeff Benck and Rob Crawford.

  • How many employees does Benchmark have?

    Benchmark has 10,600 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 $214 k.

  • Who are Benchmark competitors?

    Competitors of Benchmark include Jabil, IEH and Celestica.

  • Where is Benchmark headquarters?

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

  • Where are Benchmark offices?

    Benchmark has offices in Tempe, Angleton, Arden Hills, Concord and in 15 other locations.

  • How many offices does Benchmark have?

    Benchmark has 20 offices.