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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net sales $ 1,632.3 $ 1,570.7 $ 3,239.2 $ 3,064.6
Cost of goods sold 1,415.0 1,392.5 2,823.4 2,725.8
Gross profit 217.3 178.2 415.8 338.8
Selling, general and administrative expenses 105.2 91.1 203.5 189.4
Amortization of intangible assets 20.6 21.4 41.3 42.8
Restructuring and acquisition-related costs 5.0 7.9 7.5 12.7
Operating income 86.5 57.8 163.5 93.9
Interest expense (47.9) (50.2) (96.9) (100.7)
Interest income 6.1 5.9 14.4 11.8
Debt refinancing and redemption costs (0.3) 0.0 (0.3) 0.0
Gain (loss) on equity securities (0.2) 0.3 (0.1) 0.0
Other income (expense), net (8.8) (0.5) (8.8) 3.2
Income before income taxes 35.4 13.3 71.8 8.2
Income tax expense 17.2 5.3 33.1 5.3
Net income $ 18.2 $ 8.0 $ 38.7 $ 2.9
Basic earnings per share $ 0.15 $ 0.07 $ 0.32 $ 0.02
Diluted earnings per share $ 0.15 $ 0.07 $ 0.32 $ 0.02