Filing Flows › Industries › Printed Circuit Boards › Capital spending and supply chain
Printed Circuit Boards: capital spending and supply chain
SIC 3672 · 9 companies with filed cash-flow statements
Analysis
9 companies in Printed Circuit Boards (SIC 3672) spent $2.5B on capital projects over their latest twelve months, 54% of the $4.7B their operations generated; the three largest spenders — CLS, FLEX, TTMI — account for 79%.
Capital spending is 2.3% of the industry's $112.2B of annual revenue.
By the industry's asset mix most of it goes to equipment (44%); about $693M is imported.
The largest supplier of that spending is manufacturing structures ($676M).
Its largest supplying industries, by the input-output tables: imports ($6.7B), other electronic component manufacturing ($3.6B), management of companies and enterprises ($2.1B).
Charts
Capital spending by company
| Company | Capital spending | Operating cash flow | Capex / OCF | Period |
|---|---|---|---|---|
| CLS Celestica | $862M | $1.4B | 61% | TTM to Q3 2026 |
| FLEX Flex | $827M | $1.6B | 51% | TTM to Q2 FY27 |
| TTMI TTM Technologies | $321M | $336M | 96% | TTM to Q3 2026 |
| SANM Sanmina | $307M | $901M | 34% | TTM to Q3 FY26 |
| PLXS Plexus | $109M | $171M | 64% | TTM to Q3 FY26 |
| BHE Benchmark Electronics | $53.7M | $170M | 32% | TTM to Q3 2026 |
| KE Kimball Electronics | $50.0M | $44.9M | 111% | TTM to Q1 FY27 |
| CTS CTS | $15.2M | $123M | 12% | TTM to Q3 2026 |
| NNDM Nano Dimension | $984K | −$66.8M | — | TTM to Q3 2026 |
Customers and suppliers named in annual reports
| Supplier | Customer | Share of supplier revenue | Evidence | Source |
|---|---|---|---|---|
| PLXS | GE Healthcare Technologies, Inc ("GEHC") | 10% | Stated in 10-K (XBRL) | filing |
| BHE | AMAT | 12% | Stated in 10-K (sentence) | filing |
| CTS | TM | 11% | Stated in 10-K (XBRL) | filing |
| CTS | CMI | 8% | Stated in 10-K (XBRL) | filing |
| BHE | HYPR | — | Stated in 10-K (named, share not stated) | filing |
| BHE | OWLT | — | Stated in 10-K (named, share not stated) | filing |
| JBL | SEDG | — | Stated in 10-K (named, share not stated) | filing |
| PLXS | EVLV | — | Stated in 10-K (named, share not stated) | filing |
| SANM | OBIO | — | Stated in 10-K (named, share not stated) | filing |
| FLEX | TER | — | Stated in 10-K (named, share not stated) | filing |
The interactive money flow: switch views, follow each dollar →
Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.