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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Sales        
Sales $ 1,667,806 $ 1,713,724 $ 4,944,414 $ 5,156,814
Costs and expenses        
Materials, labor, and other operating expenses (excluding depreciation) 1,404,311 1,375,719 4,121,953 4,123,838
Depreciation and amortization 42,378 36,861 116,908 107,078
Selling and distribution expenses 165,074 157,522 470,537 451,415
General and administrative expenses 25,763 26,172 77,230 77,232
Other (income) expense, net (2,049) 94 (9,592) (68)
Total costs and expenses 1,635,477 1,596,368 4,777,036 4,759,495
Income from operations 32,329 117,356 167,378 397,319
Foreign currency exchange gain (loss) (293) 300 800 (103)
Pension expense (excluding service costs) (33) (37) (98) (111)
Interest expense (5,327) (6,082) (15,822) (18,257)
Interest income 4,181 10,168 14,314 31,308
Change in fair value of interest rate swaps 0 (866) (925) (1,573)
Total nonoperating income (expense) (1,472) 3,483 (1,731) 11,264
Income before income taxes 30,857 120,839 165,647 408,583
Income tax provision (9,088) (29,801) (41,545) (101,129)
Net income $ 21,769 $ 91,038 $ 124,102 $ 307,454
Weighted average common shares outstanding:        
Basic (in shares) 37,385 38,848 37,692 39,286
Diluted (in shares) 37,509 39,063 37,828 39,521
Net income per common share:        
Basic (in dollars per share) $ 0.58 $ 2.34 $ 3.29 $ 7.83
Diluted (in dollars per share) 0.58 2.33 3.28 7.78
Dividends declared per common share (in dollars per share) $ 0.22 $ 5.21 $ 0.64 $ 5.61