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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 171,024 $ 119,067 $ 331,490 $ 221,234
Cost of products sold 119,366 90,828 234,309 167,498
Gross profit 51,658 28,239 97,181 53,736
Selling, general and administrative expenses 24,193 24,114 47,430 39,936
Amortization expense 3,182 1,218 6,373 1,435
Operating income 24,283 2,907 43,378 12,365
Interest expense (10,485) (2,322) (20,672) (2,322)
Other income (expense), net (536) (1,846) (969) (1,756)
Income (loss) before income taxes 13,262 (1,261) 21,737 8,287
Provision (benefit) from income taxes 2,785 (265) 4,740 1,740
Net income (loss) $ 10,477 $ (996) $ 16,997 $ 6,547
Earnings (loss) per share (in dollars per share) $ 0.40 $ (0.04) $ 0.65 $ 0.25
Cash dividends per share (in dollars per share) $ 0.175 $ 0.170 $ 0.350 $ 0.340
Average number of shares outstanding (in shares) 26,178,248 26,079,115 26,154,196 26,085,006