Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2024
Net sales	$	563,669	$	1,022,605	$	158,850	$	—	$	1,745,124
Income before interest and income taxes	74,659		89,307		17,136		(13,815)		167,287
Adjusted EBIT	95,216		97,065		20,011		(6,704)		205,588
Depreciation	25,755		19,801		8,747		47		54,350
Three Months Ended September 30, 2023
Net sales	$	559,081	$	1,094,609	$	149,411	$	—	$	1,803,101
Income before interest and income taxes	77,949		110,185		10,668		(4,711)		194,091
Adjusted EBIT	93,786		113,519		11,839		(4,711)		214,433
Depreciation	25,691		18,177		8,089		8		51,965
Nine Months Ended September 30, 2024
Net sales	$	1,664,966	$	2,290,530	$	488,031	$	—	$	4,443,527
Income before interest and income taxes	213,320		187,290		55,464		(35,215)		420,859
Adjusted EBIT	265,773		200,532		62,724		(22,597)		506,432
Depreciation	76,290		57,606		26,634		115		160,645
Nine Months Ended September 30, 2023
Net sales	$	1,699,109	$	2,475,569	$	473,431	$	—	$	4,648,109
Income before interest and income taxes	212,612		231,563		46,082		(20,945)		469,312
Adjusted EBIT	253,604		241,659		50,317		(20,945)		524,635
Depreciation	76,206		54,693		25,923		66		156,888

Reconciliation of Adjusted EBIT to Income before Income Taxes

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

	Three Months Ended				Nine Months Ended
	Sept. 30, 2024		Sept. 30, 2023		Sept. 30, 2024		Sept. 30, 2023
	(Dollars in thousands)
Total adjusted EBIT	$	205,588	$	214,433	$	506,432	$	524,635
Less:
Acquired intangible asset amortization expense	12,367		13,309		38,004		39,834
Other pension (income) expense for U.S. pension plans	(660)		609		(3,082)		2,277
Rationalization charges	19,483		6,424		38,033		13,212
Costs attributed to announced acquisitions	7,111		—		12,618		—
Income before interest and income taxes	167,287		194,091		420,859		469,312
Less interest and other debt expense	41,871		47,264		121,861		130,822
Income before income taxes	$	125,416	$	146,827	$	298,998	$	338,490