Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025
Net sales	$	671,103	$	628,427	$	167,131	$	—	$	1,466,661
Segment expenses and other (a)	573,062		578,871		142,547		15,073		1,309,553
Equity in earnings of affiliates, net of tax	1,162		—		—		—		1,162
Adjusted EBIT	99,203		49,556		24,584		(15,073)		158,270
Depreciation	35,855		19,285		8,764		46		63,950
Segment assets	5,566,505		2,352,480		782,577		37,677		8,739,239
Capital expenditures	43,434		31,243		7,839		408		82,924

Three months ended March 31, 2024
Net sales	$	535,920	$	617,129	$	163,989	$	—	$	1,317,038
Segment expenses and other (a)	458,070		572,175		143,821		7,492		1,181,558

Adjusted EBIT	77,850		44,954		20,168		(7,492)		135,480
Depreciation	25,151		18,913		9,064		21		53,149
Segment assets	4,386,429		2,290,206		811,485		37,519		7,525,639
Capital expenditures	29,865		37,224		8,155		14		75,258

(a) Segment expenses and other includes cost of goods sold, selling, general and administrative expenses, and other pension and postretirement (income) expense and excludes acquired intangible asset amortization expense, other pension (income) expense only for U.S. pension plans, and costs attributed to announced acquisitions.

Reconciliation of Adjusted EBIT to Income before Income Taxes

Total adjusted EBIT is reconciled to income before income taxes for the three months ended March 31 as follows:



	2025		2024

	(Dollars in thousands)
Total adjusted EBIT	$	158,270	$	135,480
Less:
Acquired intangible asset amortization expense	15,413		13,281
Other pension (income) for U.S. pension plans	(925)		(1,211)
Equity in earnings of affiliates, net of tax	1,162		—
Rationalization charges	10,959		11,691

Costs attributed to announced acquisitions	1,117		—

Income before interest and income taxes	130,544		111,719
Interest and other debt expense	42,928		38,647
Income before income taxes	$	87,616	$	73,072