Benchmark Electronics Explained

Benchmark Electronics, Inc.
Type:Public
Traded As:
S&P 600 component
Industry:Electronics manufacturing services
Foundation:1979
Location:Tempe, AZ
Key People:Jeff Benck, CEO
Revenue:US$2.253 billion (FY 2011)[1]
Operating Income:US$841.293 million (FY 2010)
Net Income:US$52 million (FY 2011)
Assets:US$1.5 billion (FY 2011)
Equity:US$1.115 million (FY 2011)
Num Employees:20,000 (Dec 2018)

Benchmark Electronics Inc is an EMS, ODM, and OEM company[2] based in Tempe, Arizona in the Phoenix metropolitan area.[3] It provides contract manufacturing services.

History

Initially a subsidiary of Intermedics, a medical implant manufacturer, Benchmark was sold to Electronic Investors Corporation in 1986.[3]

The company made an IPO in 1990.[3]

In 2007 Benchmark Electronics acquired Pemstar Inc, another contract manufacturer.[3]

In December 2011, founder and chairman Cary Fu promoted Gayla Delly to CEO in December 2011.

On September 16, 2016, Benchmark named Paul J. Tufano president and chief executive officer, effective immediately. He replaced Gayla Delly, who had been with Benchmark since 1996.[4]

Tufano stepped down from his position as president and CEO on March 18, 2019 and is replaced by Jeff Benck.[5]

Benchmark ranked as the 18th largest EMS/ODM company worldwide in the CIRCUITS ASSEMBLY Top 50 for 2019.[6]

In June 2020, the company announced plans to shutter its factory in Angleton, TX.[7]

Customers

Benchmark Electronics's customers have included Sun Microsystems, Medtronic, EMC Corporation, iRobot,[8] and Silicon Graphics.[9]

Services

While basic computing-related products made up the majority of its earlier product lines, the company also manufactures telecommunications equipment and medical devices.[3] Benchmark has also expanded its business into precision technologies, providing extensive precision mechanical manufacturing capabilities.[10]

Production bases and facilities

Benchmark Electronics has operations in eight countries and has 24 sites.[11]

The company has production bases in Almelo, Netherlands; Angleton, TX; Bangkok, Thailand; Brasov, Romania; Guadalajara, Mexico; Tempe, Arizona; Tijuana, Mexico; Huntsville, AL; Penang, Malaysia;[12] Nashua, NH;[13] Singapore; Suzhou, China.;[14] and Winona & Rochester, MN.[14]

External links

Notes and References

  1. Web site: Benchmark Electronics, Form 10-K, Annual Report, Filing Date Feb 29, 2012 . secdatabase.com . Feb 14, 2013.
  2. http://www.bench.com/viewer/services.asp Services Overview
  3. http://www.zacks.com/mediaroom/zer_get_pdf.php?r=Z562826 Benchmark Electronics, Inc.
  4. Web site: Circuits Assembly Online Magazine - Tufano Replaces Delly as CEO at Benchmark.
  5. Web site: Join Benchmark in Welcoming our New President and CEO, Jeff Benck.
  6. Web site: Circuits Assembly Online Magazine - EMS 2019 in Review: Trade Wars Batter Supply Chains, Profits.
  7. Web site: Circuits Assembly Online Magazine - Benchmark Texas Exodus Continues, Will Shutter Angleton Plant in 2021.
  8. Web site: 5 June 2008. Benchmark Electronics, iRobot Ink Manufacturing Deal. FinancialWire. 31 December 2008. https://web.archive.org/web/20110716144858/http://www.stockselector.com/newsarticle.asp?symbol=BHE&article=109664325&adate=6%2F5%2F2008%204%3A29%3A04%20PM. 16 July 2011. dead.
  9. Web site: Benchmark Electronics Announces Joint Effort With Silicon Graphics and NASA. Market Watch. 8 December 2008. 26 December 2008.
  10. Web site: Precision Technologies | Benchmark.
  11. Web site: Benchmark sees better demand from Asia-Pacific market.
  12. http://www.bench.com/viewer/worldwide_site_PenangMalaysia.asp Worldwide Locations > Asia > Penang, Malaysia
  13. http://www.bench.com/viewer/worldwide_site_NashuaNewHampshire.asp Worldwide Locations > The Americas > New Hampshire
  14. http://www.bench.com/viewer/worldwide.asp Worldwide Locations