v3.26.1
Investments (Tables)
3 Months Ended
Mar. 31, 2026
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, 2026 and 2025 (in thousands):
Three Months Ended
March 31,
20262025
Windfield$93,292 $54,986 
Other joint ventures3,001 9,300 
Total$96,293 $64,286 
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, 2026 and 2025 (in thousands):
Three Months Ended
March 31,
20262025
Net sales$581,057 $290,419 
Gross profit453,303 192,704 
Income before income taxes406,662 144,796 
Net income284,664 101,744