Company: BHE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025644
Chunk: 168

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 168
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segment sales are generally recorded at prices that approximate arm’s length transactions. Operating segments’ measure of profitability is based on income from operations. Corporate and intersegment eliminations include (1) corporate expenses not allocated to the Company’s three reporting segments, which are primarily general and administrative expenses such as corporate employee payroll and benefit costs and corporate facility costs, and (2) income from operations on intersegment sales between reporting segments. Corporate functions include legal, finance, tax, treasury, information technology, risk management, human resources, business development and other administrative functions. The accounting policies for the reportable operating segments are the same as for the Company taken as a whole. The Company has three reportable operating segments: Americas, Asia, and Europe.Information about the Company's operating segments follows: 

        (in thousands)
         
        Americas

        Asia

        Europe

        Total

        2024

        Sales from external customers
         
        $
        1,277,702

        $
        1,050,415

        $
        327,988

        $
        2,656,105

        Intersegment sales

        52,659

        40,734

        11,349

        104,742

        $
        1,330,361

        $
        1,091,149

        $
        339,337

        $
        2,760,847

        Reconciliation of sales

        Elimination of intersegment sales

        (104,742
        )

        Sales

        $
        2,656,105

        Less:

        Cost of sales

        1,201,073

        895,842

        292,115

        Selling, general and administrative expenses

        31,064

        13,878

        9,601

        Other(1)

        5,350

        387

        4

        Segment income from operations
         
        $
        40,215

        $
        140,308

        $
        26,268

        $
        206,791

        Reconciliation of income before income taxes

        Other - corporate and eliminations(2)

        (97,380
        )

        Interest expense

        (26,922
        )

        Interest income

        10,208

        Other (expense) income, net

        (8,802
        )

        Income before