Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Reportable Operating Segment Information

Reportable segment information was as follows:

	Dispensing and Specialty Closures		Metal Containers		Custom Containers		Corporate		Total
	(Dollars in thousands)
Three Months Ended June 30, 2024
Net sales	$	565,377	$	650,796	$	165,192	$	—	$	1,381,365
Income before interest and income taxes	78,901		56,318		20,542		(13,908)		141,853
Adjusted EBIT	92,707		58,513		22,545		(8,401)		165,364
Depreciation	25,384		18,892		8,823		47		53,146
Three Months Ended June 30, 2023
Net sales	$	560,096	$	710,864	$	155,767	$	—	$	1,426,727
Income before interest and income taxes	63,717		73,581		16,963		(10,268)		143,993
Adjusted EBIT	76,882		75,740		18,444		(10,268)		160,798
Depreciation	25,756		18,528		8,999		18		53,301
Six Months Ended June 30, 2024
Net sales	$	1,101,297	$	1,267,925	$	329,181	$	—	$	2,698,403
Income before interest and income taxes	138,661		97,983		38,328		(21,400)		253,572
Adjusted EBIT	170,557		103,467		42,713		(15,893)		300,844
Depreciation	50,535		37,805		17,887		68		106,295
Six Months Ended June 30, 2023
Net sales	$	1,140,028	$	1,380,960	$	324,020	$	—	$	2,845,008
Income before interest and income taxes	134,663		121,378		35,414		(16,234)		275,221
Adjusted EBIT	159,818		128,140		38,478		(16,234)		310,202
Depreciation	50,515		36,516		17,834		58		104,923

Reconciliation of Adjusted EBIT to Income before Income Taxes

Total adjusted EBIT is reconciled to income before income taxes as follows:

	Three Months Ended				Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
	(Dollars in thousands)
Total adjusted EBIT	$	165,364	$	160,798	$	300,844	$	310,202
Less:
Acquired intangible asset amortization expense	12,356		13,304		25,637		26,525
Other pension (income) expense for U.S. pension plans	(1,211)		834		(2,422)		1,668
Rationalization charges	6,859		2,667		18,550		6,788
Costs attributed to announced acquisitions	5,507		—		5,507		—
Income before interest and income taxes	141,853		143,993		253,572		275,221
Less interest and other debt expense	41,343		46,792		79,990		83,558
Income before income taxes	$	100,510	$	97,201	$	173,582	$	191,663