v3.26.1
Reportable Segments
 9 Months Ended
Jul. 04, 2026
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (CODM) in assessing performance and allocating resources. The Company uses an internal management reporting system, which provides important financial data to evaluate performance and allocate the Company’s resources on a regional basis. Net sales for the segments are attributed to the region in which the product is manufactured or the service is performed. The services provided, manufacturing processes used, class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments. A segment’s performance is evaluated based upon its segment income. Segment income includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other expenses. Corporate and other expenses primarily represent corporate selling and administrative expenses, and restructuring costs and other charges, if any. Inter-segment transactions are
generally recorded at amounts that approximate arm’s length transactions. The accounting policies for the segments are the same as for the Company taken as a whole. The CODM for the Company is the chief executive officer. The CODM uses income generated from each segment in evaluating segment performance and whether to reinvest profits or allocate resources into the corresponding segment, in addition to long-term growth potential and other qualitative factors. Segment income is used to monitor budget versus actual results.
Information about the Company’s three reportable segments for the three and nine months ended July 4, 2026 and June 28, 2025 is as follows (in thousands):
Three Months Ended July 4, 2026
AMERAPACEMEAEliminationsTotal
Net sales$427,648 $773,686 $109,378 $(5,934)$1,304,778 
Cost of sales384,728 662,707 100,451 
Selling and administrative expenses6,650 3,756 1,969 
Segment income$36,270 $107,223 $6,958 $150,451 
Corporate and other costs89,191 
Other income (expense):
Interest expense(4,089)
Interest income1,463 
Miscellaneous, net(2,185)
Income before income taxes$56,449 
Three Months Ended June 28, 2025
AMERAPACEMEAEliminationsTotal
Net sales$311,770 $593,509 $117,125 $(4,096)$1,018,308 
Cost of sales277,284 506,440 109,386 
Selling and administrative expenses5,815 3,249 1,852 
Segment income$28,671 $83,820 $5,887 $118,378 
Corporate and other costs64,770 
Other income (expense):
Interest expense(2,501)
Interest income934 
Miscellaneous, net(2,205)
Income before income taxes$49,836 
Nine Months Ended July 4, 2026
AMERAPACEMEAEliminationsTotal
Net sales$1,169,390 $2,037,350 $343,515 $(11,868)$3,538,387 
Cost of sales1,055,026 1,739,104 313,989 
Selling and administrative expenses19,093 10,519 5,830 
Segment income$95,271 $287,727 $23,696 $406,694 
Corporate and other costs229,133 
Other income (expense):
Interest expense(10,399)
Interest income3,259 
Miscellaneous, net(5,063)
Income before income taxes$165,358 
Nine Months Ended June 28, 2025
AMERAPACEMEAEliminationsTotal
Net sales$880,836 $1,787,666 $320,975 $(14,877)$2,974,600 
Cost of sales792,200 1,524,361 300,339 
Selling and administrative expenses17,681 9,498 6,453 
Segment income$70,955 $253,807 $14,183 $338,945 
Restructuring and other charges4,683 
Corporate and other costs185,003 
Other income (expense):
Interest expense(9,192)
Interest income3,039 
Miscellaneous, net(4,753)
Income before income taxes$138,353 
Three Months Ended
Nine Months Ended
July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Capital expenditures:
   AMER$18,363 $2,191 $31,256 $17,878 
   APAC6,635 8,820 36,372 33,695 
EMEA1,522 705 2,305 1,871 
Corporate142 1,999 4,379 6,997 
$26,662 $13,715 $74,312 $60,441 
Depreciation:
AMER$5,953 $5,678 $17,619 $17,132 
APAC7,920 8,326 23,750 24,719 
EMEA2,424 2,811 7,516 8,469 
Corporate2,567 2,474 8,472 7,301 
$18,864 $19,289 $57,357 $57,621