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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Sales      
Sales $ 6,724,294 $ 6,838,245 $ 8,387,307
Costs and expenses      
Materials, labor, and other operating expenses (excluding depreciation) 5,393,607 5,409,311 6,472,540
Depreciation and amortization 144,113 132,467 101,593
Selling and distribution expenses 594,927 559,503 553,251
General and administrative expenses 102,317 114,434 103,750
Other (income) expense, net (708) (1,856) (1,676)
Total costs and expenses 6,234,256 6,213,859 7,229,458
Income from operations 490,038 624,386 1,157,849
Foreign currency exchange gain (loss) (1,164) 7 (1,584)
Pension expense (excluding service costs) (149) (163) (294)
Interest expense (24,067) (25,496) (25,412)
Interest income 39,139 48,106 12,263
Change in fair value of interest rate swaps (2,038) (1,791) 3,559
Total nonoperating income (expense) 11,721 20,663 (11,468)
Income before income taxes 501,759 645,049 1,146,381
Income tax provision (125,405) (161,393) (288,723)
Net income $ 376,354 $ 483,656 $ 857,658
Weighted average common shares outstanding:      
Basic (in shares) 39,086 39,649 39,526
Diluted (in shares) 39,318 39,901 39,772
Net income per common share:      
Basic (in dollars per share) $ 9.63 $ 12.20 $ 21.70
Diluted (in dollars per share) 9.57 12.12 21.56
Dividends declared per common share (in dollars per share) $ 5.82 $ 8.70 $ 4.01