v3.25.1
Investments (Tables)
3 Months Ended
Mar. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Income of Unconsolidated Investments
The following table details the Company’s equity in net income of unconsolidated investments (net of tax) for the three-month periods ended March 31, 2025 and 2024 (in thousands):
Three Months Ended
March 31,
20252024
Windfield$54,986 $172,679 
Other joint ventures9,300 7,821 
Total$64,286 $180,500 
Schedule Of Assets Liabilities And Results Of Operations For Unconsolidated Joint Ventures
The following table summarizes the unaudited results of operations for the Windfield joint venture, which met the significant subsidiary test for subsidiaries not consolidated or 50% or less owned persons under Rule 10-01 of Regulation S-X, for the three-month periods ended March 31, 2025 and 2024 (in thousands):
Three Months Ended
March 31,
20252024
Net sales$290,419 $190,009 
Gross profit192,704 149,982 
Income before income taxes144,796 94,630 
Net income101,744 66,411