QUARTERLY RESULTS (Unaudited)

12 Months Ended

Dec. 31, 2023

Quarterly Results (Unaudited)

Quarterly results (unaudited)

NOTE 18 – QUARTERLY RESULTS (Unaudited)

The following tables set forth certain quarterly unaudited operating data for the fiscal years ended December 31, 2023 and 2022.  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 2023
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
Sales	$	3,707,864	$	4,068,991	$	4,203,380	$	3,832,015
Gross profit		1,890,329		2,086,582		2,160,463		1,967,429
Operating income		716,645		853,773		897,222		718,736
Net income		516,885		627,365		649,827		552,504
Earnings per share – basic (1)	$	8.36	$	10.32	$	10.82	$	9.33
Earnings per share – assuming dilution (1)	$	8.28	$	10.22	$	10.72	$	9.26

	Fiscal 2022
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		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

(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.