Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Reportable segment information for the three months ended March 31 was as follows:


	Dispensing and Specialty Closures		Metal Containers		Custom Containers		Corporate		Total
	(Dollars in thousands)












Three months ended March 31, 2024
Net sales	$	535,920	$	617,129	$	163,989	$	—	$	1,317,038
Income before interest and income taxes	59,760		41,665		17,786		(7,492)		111,719
Adjusted EBIT	77,850		44,954		20,168		(7,492)		135,480
Depreciation	25,151		18,913		9,064		21		53,149

Three months ended March 31, 2023
Net sales	$	579,932	$	670,096	$	168,253	$	—	$	1,418,281
Income before interest and income taxes	70,946		47,797		18,451		(5,966)		131,228
Adjusted EBIT	82,936		52,400		20,034		(5,966)		149,404
Depreciation	24,759		17,988		8,835		40		51,622

Total adjusted EBIT is reconciled to income before income taxes for the three months ended March 31 as follows:



	2024		2023

	(Dollars in thousands)
Total adjusted EBIT	$	135,480	$	149,404
Less:
Acquired intangible asset amortization expense	13,281		13,221
Other pension (income) expense for U.S. pension plans	(1,211)		834
Rationalization charges	11,691		4,121

Income before interest and income taxes	111,719		131,228
Less interest and other debt expense	38,647		36,766
Income before income taxes	$	73,072	$	94,462