BENCHMARK ELECTRONICS INC
Business
Benchmark Electronics Inc. is an electronics manufacturing services (EMS) and precision metal machining (PMM) provider offering design engineering, advanced manufacturing, and aftermarket support to OEMs. The company provides printed circuit board assemblies, systems integration, precision machining, and complex electromechanical assembly across regulated, high-reliability markets including aerospace & defense, medical, industrial, semiconductor capital equipment, and advanced computing & communications. Benchmark operates manufacturing facilities in the Americas, Asia, and Europe, with a global design center network supporting full product lifecycle services from concept through production and distribution.
Summary from 10-K filed 2026-02-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Sales | 2,659 | 2,656 | 2,839 | 2,886 | 2,255 | |
| Cost of sales | 2,389 | 2,386 | 2,568 | 2,631 | 2,049 | |
| Gross profit | 270 | 270 | 271 | 255 | 206 | |
| Selling, general and administrative expenses | 160 | 149 | 147 | 150 | 137 | |
| Amortization of intangible assets | 5 | 5 | 6 | 6 | 6 | |
| Restructuring charges and other costs | 30 | 6 | 8 | 9 | 14 | |
| Income from operations | 76 | 109 | 110 | 90 | 53 | |
| Interest expense | −20 | −27 | −32 | −13 | −8 | |
| Interest income | 10 | 10 | 6 | 2 | 540,000 | |
| Other expense, net | −4 | −9 | −3 | 5 | 277,000 | |
| Income before income taxes | 62 | 84 | 81 | 84 | 45 | |
| Income tax expense | 37 | 23 | 12 | 16 | 10 | |
| Net income | 25 | 61 | 69 | 68 | 36 | |
| Basic (per share) | 0.69 | 1.7 | 1.94 | 1.94 | 1 | |
| Diluted (per share) | 0.68 | 1.66 | 1.92 | 1.91 | 0.99 | |
| Basic (shares) | 36 | 36 | 36 | 35 | 36 | |
| Diluted (shares) | 36 | 37 | 36 | 36 | 36 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 322 | 315 | 277 | 207 | 272 | |
| Restricted cash | 336,000 | 13 | 6 | 0 | 0 | |
| Accounts receivable, net of allowance for doubtful accounts of $438 and $241, respectively | 391 | 412 | 449 | 492 | 356 | |
| Contract assets | 183 | 168 | 175 | 184 | 155 | |
| Inventories | 483 | 554 | 684 | 728 | 523 | |
| Prepaid expenses and other current assets | 69 | 45 | 44 | 41 | 42 | |
| Total current assets | 1,448 | 1,506 | 1,636 | 1,652 | 1,348 | |
| Property, plant and equipment, net | 224 | 225 | 228 | 211 | 187 | |
| Operating lease right-of-use assets | 103 | 118 | 131 | 93 | 99 | |
| Goodwill | 192 | 192 | 192 | 192 | 192 | |
| Deferred income taxes | 35 | 27 | 27 | 12 | 6 | |
| Other long-term assets | 70 | 66 | 61 | 66 | 72 | |
| Total assets | 2,072 | 2,134 | 2,275 | 2,227 | 1,904 | |
| Current installments of long-term debt | 4 | 7 | 4 | 4 | 985,000 | |
| Accounts payable | 403 | 354 | 367 | 424 | 427 | |
| Advance payments from customers | 116 | 144 | 205 | 198 | 118 | |
| Income taxes payable | 8 | 22 | 22 | 12 | 6 | |
| Accrued liabilities | 105 | 122 | 115 | 110 | 103 | |
| Total current liabilities | 636 | 649 | 714 | 749 | 654 | |
| Long-term debt, net of current installments | 207 | 250 | 327 | 321 | 129 | |
| Operating lease liabilities | 99 | 109 | 123 | 87 | 91 | |
| Other long-term liabilities | 23 | 18 | 32 | 44 | 55 | |
| Deferred income taxes | 8 | 4 | 0 | 495,000 | 84,000 | |
| Total liabilities | 972 | 1,030 | — | — | — | |
| Preferred stock, $0.10 par value; 5,000 shares authorized, none issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.10 par value; 145,000 shares authorized; issued and outstanding - 35,669 and 35,992, respectively | 4 | 4 | 4 | 4 | 4 | |
| Additional paid-in capital | 537 | 535 | 529 | 519 | 507 | |
| Retained earnings | 568 | 587 | 561 | 520 | 480 | |
| Accumulated other comprehensive loss | −9 | −21 | −14 | −16 | −17 | |
| Total shareholders equity | 1,100 | 1,105 | 1,079 | 1,026 | 974 | |
| Total liabilities and shareholders' equity | 2,072 | 2,134 | 2,275 | 2,227 | 1,904 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 37 | 36 | 34 | 33 | 35 | |
| Amortization | 10 | 10 | 11 | 11 | 9 | |
| Stock-based compensation expense | 17 | 13 | 15 | 18 | 15 | |
| Provision for doubtful accounts | 298,000 | 671,000 | 1 | 489,000 | 0 | |
| Deferred income taxes | −6 | −4 | −13 | −7 | −7 | |
| Asset impairments | 11 | 0 | 1 | 0 | 4 | |
| Loss (gain) on the sale of property, plant and equipment | 36,000 | 0 | −101,000 | −289,000 | 148,000 | |
| Gain on business divestiture | −3 | 0 | 0 | — | — | |
| Accounts receivable | 26 | 34 | 42 | −136 | −47 | |
| Contract assets | −15 | 7 | 9 | −28 | −12 | |
| Inventories | 75 | 128 | 45 | −206 | −198 | |
| Prepaid expenses and other assets | −28 | −8 | −5 | −6 | −12 | |
| Accounts payable | 32 | −18 | −35 | −17 | 140 | |
| Advance payments from customers | −28 | −61 | 7 | 80 | 34 | |
| Accrued liabilities | −13 | −10 | −13 | 6 | −508,000 | |
| Operating leases | 2 | 131,000 | 2 | 441,000 | 167,000 | |
| Income taxes | −19 | −28,000 | 3 | 7 | 792,000 | |
| Net cash provided by operating activities | 124 | 189 | 174 | −177 | −3 | |
| Additions to property, plant and equipment | −36 | −31 | −73 | −43 | −39 | |
| Additions to capitalized purchased software | −3 | −2 | −4 | −3 | −3 | |
| Cash received from business divestiture | 5 | 0 | 0 | 0 | 0 | |
| Proceeds from the disposal of property, plant and equipment | 791,000 | 2 | 649,000 | 321,000 | 239,000 | |
| Other, net | −1,000 | −2 | −48,000 | −93,000 | 63,000 | |
| Net cash used in investing activities | −33 | −33 | −77 | −41 | −42 | |
| Borrowings under credit agreement | 891 | 600 | 750 | 828 | 150 | |
| Principal payments on credit agreement | −936 | −674 | −744 | −633 | −156 | |
| Dividends paid | −24 | −24 | −24 | −23 | −23 | |
| Employee taxes paid with shares withheld | −7 | −6 | −6 | −3 | −3 | |
| Proceeds from stock options exercised | 4,000 | 482,000 | 129,000 | 700,000 | 300,000 | |
| Debt issuance costs | −2 | 0 | −216,000 | −574,000 | −1 | |
| Principal payments on finance leases | −174,000 | −181,000 | −173,000 | −165,000 | −873,000 | |
| Share repurchases | −27 | −5 | 0 | −9 | −40 | |
| Net cash used in financing activities | −106 | −109 | −24 | 159 | −74 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 9 | −3 | 2 | −5 | −6 | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | −6 | 45 | 76 | −64 | −124 | |
| Interest paid | 19 | 28 | 31 | 12 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is BENCHMARK ELECTRONICS INC's CIK number?
BENCHMARK ELECTRONICS INC's SEC CIK number is 0000863436 (863436). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find BENCHMARK ELECTRONICS INC's SEC filings?
All of BENCHMARK ELECTRONICS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did BENCHMARK ELECTRONICS INC last report earnings?
BENCHMARK ELECTRONICS INC (BHE) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-191967). This is BENCHMARK ELECTRONICS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is BENCHMARK ELECTRONICS INC's most recent earnings 8-K?
BENCHMARK ELECTRONICS INC's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001193125-26-191967. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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