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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
CONSOLIDATED STATEMENTS OF INCOME        
Net sales (Note 2) $ 983,759 $ 1,033,214 $ 2,986,639 $ 3,133,122
Cost of goods sold 631,681 667,584 1,882,349 2,038,707
Gross profit 352,078 365,630 1,104,290 1,094,415
Selling, general & administrative expenses 186,291 187,115 593,523 569,979
Rationalization and asset impairment charges (Note 6) 20,227 7,074 51,322 10,618
Operating income 145,560 171,441 459,445 513,818
Interest expense, net 11,974 10,809 31,414 35,708
Other (expense) income (1,644) 801 (935) 11,727
Income before income taxes 131,942 161,433 427,096 489,837
Income taxes (Note 11) 31,186 32,090 101,217 101,232
Net income $ 100,756 $ 129,343 $ 325,879 $ 388,605
Basic earnings per share (Note 3) $ 1.78 $ 2.26 $ 5.74 $ 6.76
Diluted earnings per share (Note 3) 1.77 2.22 5.68 6.67
Cash dividends declared per share $ 0.71 $ 0.64 $ 2.13 $ 1.92