Segment and Geographic Information (Tables)

3 Months Ended

Mar. 29, 2025

Segment and Geographic Information

Schedule of reportable segment

	Quarter Ended
	March 29,		March 30,
(thousands)	2025		2024
Sales:
Components:
Americas	$	1,568,570	$	1,596,692
EMEA		1,340,001		1,656,507
Asia/Pacific		1,869,151		1,938,218
Global components	$	4,777,722	$	5,191,417
ECS:
Americas	$	909,903	$	907,748
EMEA		1,126,392		825,095
Global ECS	$	2,036,295	$	1,732,843
Consolidated	$	6,814,017	$	6,924,260

	Quarter Ended
	March 29,		March 30,
(thousands)	2025		2024
Sales:
China and Hong Kong	$	925,892	$	963,577
Germany		717,332		868,427
Other		2,859,350		2,779,436
Total foreign	$	4,502,574	$	4,611,440
United States		2,311,443		2,312,820
Total	$	6,814,017	$	6,924,260

Schedule of results of operations by reportable segment

	Quarter Ended
	March 29, 2025
(thousands)	Global Components			Global ECS			Corporate		Consolidated
Sales	$	4,777,722		$	2,036,295		$	-	$	6,814,017
Cost of sales		4,222,777			1,817,248			-		6,040,025
Gross profit		554,945			219,047			-		773,992
Gross profit margin		11.6	%		10.8	%		-		11.4	%
Operating expenses (a)		383,560			141,733			90,146		615,439
Operating income (loss) (b) (c)	$	171,385		$	77,314		$	(90,146)	$	158,553
Operating income margin		3.6	%		3.8	%		-		2.3	%
	Quarter Ended
	March 30, 2024
(thousands)	Global Components			Global ECS			Corporate		Consolidated
Sales	$	5,191,417		$	1,732,843		$	-	$	6,924,260
Cost of sales		4,545,703			1,520,731			-		6,066,434
Gross profit		645,714			212,112			-		857,826
Gross profit margin		12.4	%		12.2	%		-		12.4	%
Operating expenses (a)		420,152			140,653			111,104		671,909
Operating income (loss) (b) (c)	$	225,562		$	71,459		$	(111,104)	$	185,917
Operating income margin		4.3	%		4.1	%		-		2.7	%

(a) Segment operating expenses primarily include employee-related expenses, depreciation and amortization, and allowance for credit losses.

(b) Global components operating income includes recoveries of $2.5 million and charges of $10.5 million in inventory write-downs related to the wind down of businesses for the first quarter of 2025 and 2024, respectively.

(c) Corporate operating loss includes restructuring, integration, and other charges of $17.3 million and $46.9 million for the first quarter of 2025 and 2024, respectively. Restructuring, integration, and other charges of $3.7 million and $42.8 million related to the termination of personnel as a part of operating expense reduction initiatives for the first quarter of 2025 and 2024, respectively. Refer to Note I.

Schedule of reconciliation of assets from segment to consolidated

	March 29,		December 31,
(thousands)	2025		2024
Total assets:
Global components	$	15,239,486	$	14,765,931
Global ECS		5,620,959		6,518,723
Corporate		540,397		473,053
Consolidated	$	21,400,842	$	21,757,707

Schedule of long-lived assets by geographical areas

	March 29,		December 31,
(thousands)	2025		2024
Long-lived assets:
France	$	90,327	$	86,268
Netherlands		79,273		78,120
Other		229,524		223,903
Total foreign	$	399,124	$	388,291
United States		325,028		332,098
Total	$	724,152	$	720,389