| Reconciliations of Net Sales and Segment Operating Income |
Reconciliations of net sales and segment operating income were as follows:
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For the Quarter Ended |
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June 29, 2026 |
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June 30, 2025 |
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Net Sales |
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Intersegment Sales |
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Segment Sales |
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Net Sales |
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Intersegment Sales |
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Segment Sales |
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(In thousands) |
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A&D |
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$ |
382,631 |
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$ |
119 |
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$ |
382,750 |
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$ |
335,140 |
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$ |
43 |
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$ |
335,183 |
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Commercial |
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621,423 |
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182 |
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621,605 |
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395,481 |
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143 |
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395,624 |
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Eliminations |
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— |
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(301 |
) |
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(301 |
) |
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— |
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(186 |
) |
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(186 |
) |
Total |
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$ |
1,004,054 |
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$ |
— |
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$ |
1,004,054 |
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$ |
730,621 |
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$ |
— |
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$ |
730,621 |
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For the Two Quarters Ended |
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June 29, 2026 |
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June 30, 2025 |
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Net Sales |
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Intersegment Sales |
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Segment Sales |
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Net Sales |
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Intersegment Sales |
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Segment Sales |
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(In thousands) |
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A&D |
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$ |
733,817 |
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$ |
597 |
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$ |
734,414 |
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$ |
651,378 |
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$ |
55 |
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$ |
651,433 |
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Commercial |
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1,116,213 |
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435 |
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1,116,648 |
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727,911 |
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418 |
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728,329 |
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Eliminations |
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— |
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(1,032 |
) |
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(1,032 |
) |
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— |
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(473 |
) |
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(473 |
) |
Total |
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$ |
1,850,030 |
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$ |
— |
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$ |
1,850,030 |
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$ |
1,379,289 |
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$ |
— |
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$ |
1,379,289 |
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For the Quarter Ended June 29, 2026 |
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Net Sales |
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Cost of Goods Sold |
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Operating Expenses |
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Operating Income |
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Operating Margin |
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(In thousands, except margin rates) |
A&D |
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$ |
382,750 |
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$ |
(288,436 |
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$ |
(30,453 |
) |
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$ |
63,861 |
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16.7 |
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% |
Commercial |
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621,605 |
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(487,860 |
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(21,069 |
) |
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112,676 |
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18.1 |
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Total segment |
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1,004,355 |
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(776,296 |
) |
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(51,522 |
) |
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176,537 |
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17.6 |
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Eliminations |
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(301 |
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— |
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Unallocated amounts: |
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Restructuring |
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(340 |
) |
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Acquisition-related and other charges |
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(4,749 |
) |
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Stock-based compensation |
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(13,292 |
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Other corporate expenses |
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(39,877 |
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Amortization of definite-lived intangibles |
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(9,224 |
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Consolidated |
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$ |
1,004,054 |
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109,055 |
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10.9 |
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% |
Interest expense |
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(10,496 |
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Loss on extinguishment of debt |
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(747 |
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Unrealized loss on derivative instruments |
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(13,994 |
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Other, net |
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(2,571 |
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Income before income taxes |
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$ |
81,247 |
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For the Quarter Ended June 30, 2025 |
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Net Sales |
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Cost of Goods Sold |
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Operating Expenses |
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Operating Income |
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Operating Margin |
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(In thousands, except margin rates) |
A&D |
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$ |
335,183 |
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$ |
(253,436 |
) |
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$ |
(33,602 |
) |
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$ |
48,145 |
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14.4 |
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% |
Commercial |
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395,624 |
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(317,652 |
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(17,903 |
) |
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60,069 |
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15.2 |
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Total segment |
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730,807 |
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(571,088 |
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(51,505 |
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108,214 |
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14.8 |
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Eliminations |
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(186 |
) |
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— |
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Unallocated amounts: |
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Restructuring |
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(1,408 |
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Stock-based compensation |
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(9,188 |
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Other corporate expenses |
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(26,625 |
) |
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Amortization of definite-lived intangibles |
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(9,224 |
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Consolidated |
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$ |
730,621 |
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61,769 |
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8.5 |
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% |
Interest expense |
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(11,095 |
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Other, net |
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(5,149 |
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Income before income taxes |
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$ |
45,525 |
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For the Two Quarters Ended June 29, 2026 |
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Net Sales |
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Cost of Goods Sold |
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Operating Expenses |
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Operating Income |
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Operating Margin |
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(In thousands, except margin rates) |
A&D |
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$ |
734,414 |
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$ |
(549,600 |
) |
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$ |
(66,174 |
) |
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$ |
118,640 |
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16.2 |
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% |
Commercial |
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1,116,648 |
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(881,198 |
) |
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(41,206 |
) |
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194,244 |
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17.4 |
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Total segment |
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1,851,062 |
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(1,430,798 |
) |
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(107,380 |
) |
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312,884 |
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16.9 |
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Eliminations |
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(1,032 |
) |
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— |
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Unallocated amounts: |
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Restructuring |
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(636 |
) |
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Acquisition-related and other charges |
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(4,946 |
) |
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Stock-based compensation |
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(37,648 |
) |
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Other corporate expenses |
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(69,702 |
) |
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Amortization of definite-lived intangibles |
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(18,448 |
) |
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Consolidated |
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$ |
1,850,030 |
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181,504 |
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9.8 |
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% |
Interest expense |
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(21,096 |
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Loss on extinguishment of debt |
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(747 |
) |
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Unrealized loss on derivative instruments |
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(13,994 |
) |
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Other, net |
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(5,895 |
) |
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Income before income taxes |
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$ |
139,772 |
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For the Two Quarters Ended June 30, 2025 |
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Net Sales |
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Cost of Goods Sold |
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Operating Expenses |
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Operating Income |
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Operating Margin |
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(In thousands, except margin rates) |
A&D |
|
$ |
651,433 |
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$ |
(494,431 |
) |
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$ |
(66,488 |
) |
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$ |
90,514 |
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13.9 |
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% |
Commercial |
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|
728,329 |
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(586,737 |
) |
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(37,874 |
) |
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103,718 |
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14.2 |
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Total segment |
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1,379,762 |
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(1,081,168 |
) |
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(104,362 |
) |
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194,232 |
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14.1 |
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Eliminations |
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(473 |
) |
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— |
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Unallocated amounts: |
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Restructuring |
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(2,122 |
) |
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Stock-based compensation |
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(17,975 |
) |
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Other corporate expenses |
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(43,658 |
) |
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Amortization of definite-lived intangibles |
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(18,448 |
) |
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Consolidated |
|
$ |
1,379,289 |
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|
112,029 |
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8.1 |
|
% |
Interest expense |
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(22,559 |
) |
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Other, net |
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(2,954 |
) |
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Income before income taxes |
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$ |
86,516 |
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