Company: BHE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025644
Chunk: 103

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 103
---
,927

        332,144

        Europe

        406,514

        402,514

        387,276

        Other

        81,843

        104,477

        139,790

        Total sales
         
        $
        2,656,105

        $
        2,838,976

        $
        2,886,331

        December 31,

        (in thousands)
         
        2024

        2023

        Long-lived assets:

        United States
         
        $
        215,536

        $
        231,740

        Asia

        89,249

        79,203

        Europe

        39,936

        42,934

        Other

        64,506

        66,072

        Total long-lived assets
         
        $
        409,227

        $
        419,949

67

The Company’s customers operate in industries that are, to a varying extent, subject to rapid technological change, vigorous competition and short product life cycles. Developments adverse to the electronics industry, the Company’s customers or their products could impact the Company’s overall credit risk.The Company extends credit based on evaluation of its customers’ financial condition and generally does not require collateral or other security from its customers and would incur a loss equal to the carrying value of the accounts receivable if its customer failed to perform according to the terms of the credit arrangement.Sales to the Company's ten largest customers represented 50%, 52% and 52% of our consolidated sales for 2024, 2023 and 2022, respectively.The Company had sales to the following customer that exceeded 10% of the Company's consolidated sales: 

        Year Ended December 31,

        2024
         
        2023
         
        2022

        Applied Materials, Inc. and subsidiaries
         
        14%
         
        12%
         
        15%
       
       Sales attributable to this customer were reported in the Americas and Asia operating segments. As of December 31, 2024 and 2023, the Company had one customer whose gross accounts receivable exceeded 10% of consolidated gross accounts receivable. This customer represented 12% and 16% of consolidated gross accounts receivable as of December 31, 2024 and 2023, respectively.