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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 153,988 $ 141,579
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 51,171 42,160
Income of investees, net of dividends (2,700) (3,301)
(Gains) Losses on asset disposals and impairments, net (4,418) (4)
Recognition of losses for pension and postretirement plans 1,627 1,663
Stock-based compensation expense 13,735 10,279
Other, net (9,366) (28)
Changes in assets and liabilities, net of effects from acquisitions:    
Accounts receivable (465) (20,319)
Accounts payable 6,875 47,018
Retainages (7,045) 587
Contracts in progress and advance billings on contracts 7,754 (78,722)
Income taxes 22,558 (6,741)
Accrued and other current liabilities 19,382 (328)
Pension liabilities, accrued postretirement benefit obligations and employee benefits (33,656) (23,625)
Other, net (9,747) (11,298)
NET CASH PROVIDED BY OPERATING ACTIVITIES 209,693 98,920
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (66,098) (60,827)
Acquisition of businesses, net of cash acquired (538,184) 0
Sales and maturities of securities 3,397 0
Investments, net of return of capital, in equity method investees (33,000) 0
Other, net 4,405 203
NET CASH USED IN INVESTING ACTIVITIES (629,480) (60,624)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings of long-term debt 758,400 241,400
Repayments of long-term debt (284,650) (239,525)
Repurchases of common stock (30,000) (20,000)
Dividends paid to common shareholders (46,798) (44,373)
Cash paid for shares withheld to satisfy employee taxes (12,883) (6,941)
Settlements of forward contracts, net 1,657 4,543
Other, net 100 (108)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 385,826 (65,004)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH (2,475) (308)
TOTAL DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS (36,436) (27,016)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 80,571 81,615
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT END OF PERIOD 44,135 54,599
Cash paid during the period for:    
Interest 30,036 32,181
Income taxes (net of refunds) 11,890 45,382
SCHEDULE OF NON-CASH INVESTING ACTIVITY:    
Accrued capital expenditures included in accounts payable $ 15,575 $ 9,273