QUARTERLY RESULTS (Unaudited)

12 Months Ended

Dec. 31, 2022

NOTE 17 – QUARTERLY RESULTS (Unaudited)

The following tables set forth certain quarterly unaudited operating data for the fiscal years ended December 31, 2022 and 2021. The unaudited quarterly information includes all adjustments, which the Company considers necessary for a fair presentation of the information shown (in thousands, except per share data):

Fiscal 2022

First

Second

Third

Fourth

Quarter

Sales

3,296,011

3,670,737

3,798,619

3,644,493

Gross profit

1,708,072

1,884,718

1,934,962

1,853,954

Operating income

669,530

798,550

804,194

682,217

Net income

481,880

576,760

585,438

528,572

Earnings per share – basic ⁽¹⁾

7.24

8.86

9.25

8.45

Earnings per share – assuming dilution ⁽¹⁾

7.17

8.78

9.17

8.37


	Fiscal 2021
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
Sales	$	3,090,899	$	3,465,601	$	3,479,570	$	3,291,493
Gross profit		1,640,795		1,826,378		1,818,240		1,734,536
Operating income		691,105		795,583		754,599		675,881
Net income		501,609		585,451		558,652		518,973
Earnings per share – basic ⁽¹⁾	$	7.13	$	8.41	$	8.14	$	7.71
Earnings per share – assuming dilution ⁽¹⁾	$	7.06	$	8.33	$	8.07	$	7.64

(1)	Earnings per share amounts are computed independently for each quarter and annual period. The quarterly earnings per share amounts may not sum to equal the full-year earnings per share amount.

The unaudited operating data presented above should be read in conjunction with the Company’s consolidated financial statements and related notes and the other financial information included therein.