| QUARTERLY FINANCIAL DATA (UNAUDITED) |
QUARTERLY FINANCIAL DATA (UNAUDITED) Selected quarterly financial data for the years ended December 31, 2022 and 2021 is as follows:
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| (thousands except per share data) |
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1Q |
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2Q |
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3Q |
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4Q |
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2022 |
| Net sales |
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$ |
1,342,175
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$ |
1,475,693
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$ |
1,112,089
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$ |
951,915
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$ |
4,881,872
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| Gross profit |
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295,345
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327,104
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236,451
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201,038
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1,059,938
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| Net income |
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112,673
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116,524
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58,819
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40,180
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328,196
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Earnings per common share(1)
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| Basic |
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$ |
5.00
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$ |
5.24
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$ |
2.66
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$ |
1.85
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$ |
14.82
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| Diluted |
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4.54
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4.79
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2.43
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1.68
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13.49
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| Cash dividends paid per common share |
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$ |
0.33
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$ |
0.33
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$ |
0.33
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$ |
0.45
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$ |
1.44
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| (thousands except per share data) |
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1Q |
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2Q |
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3Q |
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4Q |
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2021 |
| Net sales |
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$ |
850,483 |
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$ |
1,019,953 |
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$ |
1,060,177 |
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$ |
1,147,479 |
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$ |
4,078,092 |
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| Gross profit |
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161,532 |
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204,477 |
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208,161 |
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227,024 |
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801,194 |
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| Net income |
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47,513 |
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58,985 |
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57,397 |
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61,020 |
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224,915 |
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Earnings per common share(1)
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| Basic |
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$ |
2.09 |
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$ |
2.57 |
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$ |
2.52 |
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$ |
2.69 |
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$ |
9.87 |
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| Diluted |
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2.04 |
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2.52 |
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2.45 |
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2.62 |
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9.63 |
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| Cash dividends paid per common share |
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$ |
0.28 |
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$ |
0.28 |
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$ |
0.28 |
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$ |
0.33 |
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$ |
1.17 |
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(1) Basic and diluted earnings per common share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted earnings per common share information may not equal annual basic and diluted earnings per common share.
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