Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of 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, 2026
Net sales	$	685,322	$	724,870	$	151,066	$	—	$	1,561,258
Segment expenses and other (a)	590,447		675,045		129,348		15,667		1,410,507
Equity in earnings of affiliates, net of tax	1,198		—		—		—		1,198
Adjusted EBIT	96,073		49,825		21,718		(15,667)		151,949
Depreciation	40,668		19,991		8,039		118		68,816
Segment assets	5,756,062		2,665,140		759,653		62,420		9,243,275
Capital expenditures	48,486		29,110		4,848		—		82,444

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

(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 closed facilities, and costs attributed to announced acquisitions.

Schedule of 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:



	2026		2025

	(Dollars in thousands)
Total adjusted EBIT	$	151,949	$	158,270
Less:
Acquired intangible asset amortization expense	16,116		15,413
Other pension (income) for U.S. pension plans and closed facilities	(1,007)		(925)
Equity in earnings of affiliates, net of tax	1,198		1,162
Rationalization charges	9,047		10,959

Costs attributed to announced acquisitions	—		1,117

Income before interest and income taxes	126,595		130,544
Interest and other debt expense	42,449		42,928
Income before income taxes	$	84,146	$	87,616