Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Income

v3.25.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net sales $ 568,504 $ 568,178 $ 616,068
Cost of Goods and Services Sold 421,667 433,908 464,612
Gross profit 146,837 134,270 151,456
Selling, General and Administrative Expense 91,682 78,841 82,183
Impairment charges [1] 1,224 0 0
Gain on sale leaseback transaction (42,298) 0 0
Intangibles amortization 7,520 10,520 10,520
Income from operations 88,709 44,909 58,753
Interest expense, net (15,260) (15,675) (11,253)
Other income (expense), net 442 0 (139)
Income before taxes 73,891 29,234 47,361
Income tax expense 17,740 5,511 8,752
Net income $ 56,151 $ 23,723 $ 38,609
Earnings per common share:      
Basic (in dollars per share) $ 2.39 $ 1.01 $ 1.65
Diluted (in dollars per share) 2.36 0.98 1.63
Cash dividends declared and paid per share (in dollars per share) $ 1.18 $ 1.18 $ 1.16
[1] Reflects impairment charges taken on certain internally developed software in the year ended December 31, 2024.