v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 282,270 $ 236,179
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 93,888 79,629
Income of investees, net of dividends (31,573) (5,744)
Loss (gain) on asset disposals and impairments, net 123 (4,417)
Recognition of losses for pension and postretirement plans 3,004 2,442
Stock-based compensation expense 29,886 20,720
Other, net 4,504 2,908
Changes in assets and liabilities, net of effects from acquisitions:    
Accounts receivable 27,060 (30,051)
Accounts payable 150,334 32,040
Retainages (51,908) (34,284)
Contracts in progress and advance billings on contracts (49,105) 21,315
Income taxes (682) 43,935
Accrued and other current liabilities 11,821 28,032
Pension liabilities, accrued postretirement benefit obligations and employee benefits (32,443) (31,021)
Other, net 14,539 (8,830)
NET CASH PROVIDED BY OPERATING ACTIVITIES 451,718 352,853
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (136,200) (114,365)
Acquisition of businesses, net of cash acquired (186,967) (536,000)
Sales and maturities of securities 0 3,396
Investments, net of return of capital, in equity method investees 18,569 (30,990)
Other, net (294) 4,066
NET CASH USED IN INVESTING ACTIVITIES (304,892) (673,893)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings of long-term debt 0 871,600
Repayments of long-term debt 0 (420,975)
Repurchases of common stock 0 (30,000)
Dividends paid to common shareholders (75,183) (69,704)
Cash paid for shares withheld to satisfy employee taxes (19,864) (13,400)
Settlements of forward contracts, net 11,339 782
Other, net 2,689 1,305
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (81,019) 339,608
EFFECTS OF EXCHANGE RATE CHANGES ON CASH 3,792 (12,186)
TOTAL INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS 69,599 6,382
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 507,204 80,571
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT END OF PERIOD 576,803 86,953
Cash paid during the period for:    
Interest 18,136 42,224
Income taxes (net of refunds) 65,036 28,235
SCHEDULE OF NON-CASH INVESTING ACTIVITY:    
Accrued capital expenditures included in accounts payable $ 28,289 $ 20,499