OverviewSuggest Edit

Benchmark (also known as Benchmark Electronics) is a company providing integrated technology solutions and manufacturing and design 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 for integrated surveillance, Internet of Things (IoT), embedded systems, robotics, microelectronics, optical, radiofrequency, and wireless products. Benchmark serves aerospace, defense, medical technologies, complex industrials, computing and networking, and semiconductor capital equipment markets.

TypePublic
Founded1979
HQTempe, US
Websitebench.com
Employee Ratings3.4
Overall CultureD-

Latest Updates

Employees (est.) (Dec 2019)10,600
Job Openings62
Revenue (FY, 2019)$2.3 B(-11%)
Share Price (Nov 2020)$23.9
Cybersecurity ratingBMore

Key People/Management at Benchmark

Jeff Benck

Jeff Benck

President and Chief Executive Officer, Director
David W. Scheible

David W. Scheible

Chairman of the Board
Michael Buseman

Michael Buseman

Executive Vice President of Global Operations
Roop Lakkaraju

Roop Lakkaraju

Chief Financial Officer
Rob Crawford

Rob Crawford

Chief Revenue Officer
Stephen Beaver

Stephen Beaver

Vice President and General Counsel
Show more

Benchmark Office Locations

Benchmark has offices in Tempe, Angleton, Arden Hills, Austin and in 19 other locations
Tempe, US (HQ)
56 S Rockford Dr
Angleton, US
3000 Technology Dr
Arden Hills, US
6 Pine Tree Dr
Austin, US
200c Parker Dr
Concord, US
4041 Pike Ln
Fremont, US
42701 Christy St
Show all (26)

Benchmark Financials and Metrics

Benchmark Revenue

Embed Graph
View revenue for all periods
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 (Q3, 2020)

526.0m

Gross profit (Q3, 2020)

46.4m

Gross profit margin (Q3, 2020), %

8.8%

Net income (Q3, 2020)

5.9m

EBIT (Q3, 2020)

8.7m

Market capitalization (20-Nov-2020)

868.8m

Closing stock price (20-Nov-2020)

23.9

Cash (30-Sept-2020)

329.6m

EV

770.1m
Benchmark's current market capitalization is $868.8 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, 2020Q2, 2020Q3, 2020

Revenue

608.1m660.6m640.7m602.8m601.6m555.2m515.0m491.0m526.0m

Cost of goods sold

549.8m606.3m587.9m549.0m548.6m502.3m471.6m456.3m479.6m

Gross profit

58.3m54.3m52.8m53.8m53.0m52.9m43.4m34.7m46.4m

Gross profit Margin, %

10%8%8%9%9%10%8%7%9%
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, 2020Q2, 2020Q3, 2020

Cash

676.3m595.6m475.7m395.3m396.6m348.0m411.8m351.2m329.6m

Accounts Receivable

403.8m445.0m456.0m405.4m362.9m348.1m317.9m302.1m306.2m

Prepaid Expenses

29.3m

Inventories

306.0m319.0m321.2m315.6m316.2m315.8m338.4m363.7m352.9m
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, 2020Q2, 2020Q3, 2020

Net Income

(23.6m)(12.7m)(4.9m)13.8m23.2m30.4m3.9m445.0k6.4m

Depreciation and Amortization

12.4m25.1m39.6m12.2m24.1m36.4m12.2m24.5m36.9m

Inventories

(38.2m)(52.1m)(54.3m)(5.9m)(6.3m)(6.6m)(23.8m)(48.7m)(37.1m)

Accounts Payable

2.3m23.1m12.6m(45.9m)(49.4m)(122.2m)14.9m7.0m(18.3m)
USDFY, 2017

EV/EBIT

11.7 x

EV/CFO

6.3 x

Revenue/Employee

232.7k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.6 x

P/E Ratio

(45.2)
Show all financial metrics

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
Show all operating metrics

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.
Show more

Benchmark Revenue Breakdown

Embed Graph

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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Benchmark Online and Social Media Presence

Embed Graph

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 Announces Quarterly Cash Dividend

SCOTTSDALE, Ariz., Sept. 17, 2018 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE) today announced that its Board of Directors declared a quarterly dividend of $0.15 per share, payable on October 11, 2018 to shareholders of record at the close of business on September 28, 2018....

Benchmark Electronics Announces the Appointment of Stephen J. Beaver as Vice President and General Counsel

SCOTTSDALE, Ariz., Aug. 6, 2018 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE), a global provider of manufacturing, engineering and design services, today announced the appointment of Stephen J. Beaver as Vice President and General Counsel, effective immediately. In this role, Mr....

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). 
Show more

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, David W. Scheible and Michael Buseman.

  • 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, Austin and in 19 other locations.

  • How many offices does Benchmark have?

    Benchmark has 26 offices.