Snapshot
Snapshot financial information
($ amounts in millions unless otherwise noted) Year Ended December 31
2025 2024 2023
Net sales 2,551.2 2,456.9 2,333.2
Gross profit 1070.5 1035.7 918.5
EBITDA 470.2 501.6 345.1
Adjusted EBITDA 547.3 534.7 482.3
Net income attributable to common stockholders 191 244.5 118.2
Adjusted common shares outstanding (average) 244.4 244.5 243.9
Adjusted earnings per share $1.49 $1.44 $1.29
Change in accounts receivable (57.6) (29.9) (6.8)
Change in inventory (39.1) (7.8) (9.5)
Change in accounts payable 27.4 (1.0) 0.3
Capital expenditures 62.2 68.4 52.7
Proceeds from disposal of property, plant and equipment 1.5 - 1.4
Cash paid for interest 68.6 64.8 56.1
Cash paid for income taxes 98.8 87.2 73.7
Reported net sales growth (%) 4% 10% -8%
Organic net sales growth (%) 6% 7% -5%
Gross margin (%) 42% 42% 39%
Adjusted EBITDA margin (%) 21% 22% 21%
Capital expenditures as a % of net sales 2% 3% 2%
Segment Financials
Electronics
Net sales 1,786.2 1,561.4 1,414.7
Gross profit 715.6 652.5 558.2
Adjusted EBITDA 382.2 361.5 317.7
Reported net sales growth (%) 14% 10% -12%
Organic net sales growth (%) 10% 7% -7%
Gross margin (%) 40% 42% 40%
Adjusted EBITDA margin (%) 21% 23% 23%
Industrial & Specialty
Net sales 765.0 895.5 918.5
Gross profit 354.9 383.2 360.3
Adjusted EBITDA 165.4 173.2 164.6
Reported net sales growth (%) -15% -3% -2%
Organic net sales growth (%) 1% -1% -2%
Gross margin (%) 46% 43% 39%
Adjusted EBITDA margin (%) 22% 19% 18%

Note: This selected data is for information only. For complete consolidated financial statements and important risks that may affect actual results, see SEC Filings.