Unaudited: Quarterly Results of Operations, Common Stock Price and Dividends

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

Unaudited: Quarterly Results of Operations, Common Stock Price and Dividends

Note 10 Unaudited: Quarterly Results of Operations, Common Stock Price and Dividends

The Company's Common Stock is listed on the New York Stock Exchange under the symbol BMI. Earnings per share are computed independently for each quarter. As such, the annual per share amount may not equal the sum of the quarterly amounts due to rounding. The Company currently anticipates continuing to pay cash dividends. Shareholders of record as of December 31, 2023 and 2022 totaled 560. Voting trusts and street name shareholders are counted as single shareholders for this purpose.

	Quarter ended
	March 31		June 30		September 30		December 31
	(In thousands, except per share data)
2023
Net sales	$	159,101	$	175,858	$	186,193	$	182,440
Gross margin		62,816		69,434		72,723		71,465
Net earnings		19,415		22,493		25,969		24,721
Earnings per share:
Basic	$	0.66	$	0.77	$	0.89	$	0.84
Diluted		0.66		0.76		0.88		0.84
Dividends declared		0.23		0.23		0.27		0.27
Stock price:
High	$	124.35	$	156.15	$	170.86	$	158.47
Low		103.93		117.53		138.71		134.06
Quarter-end close		121.82		147.56		143.87		154.37
2022
Net sales	$	132,402	$	137,833	$	148,009	$	147,324
Gross margin		50,723		54,760		57,522		56,965
Net earnings		14,360		16,664		17,933		17,539
Earnings per share:
Basic	$	0.49	$	0.57	$	0.61	$	0.60
Diluted		0.49		0.57		0.61		0.60
Dividends declared		0.20		0.20		0.23		0.23
Stock price:
High	$	108.76	$	102.67	$	103.30	$	120.54
Low		85.55		73.20		76.88		88.16
Quarter-end close		99.71		80.89		92.39		109.03