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Snapshot
($ amounts in millions unless otherwise noted) Year Ended December 31
2024 2023 2022
Net sales 2,456.9 2,333.2 2,549.4
Gross profit 1035.7 918.5 952.7
EBITDA 501.6 345.1 484.5
Adjusted EBITDA 534.7 482.3 526.6
Net income attributable to common stockholders 244.5 118.2 187.2
Adjusted common shares outstanding (average) 244.5 243.9 246.7
Adjusted earnings per share $1.44 $1.29 $1.41
Change in accounts receivable (29.9) (6.8) 6.4
Change in inventory (7.8) (9.5) (31.2)
Change in accounts payable (1.0) 0.3 (0.1)
Capital expenditures 68.4 52.7 47.8
Proceeds from disposal of property, plant and equipment - 1.4 4.8
Cash paid for interest 64.8 56.1 46.9
Cash paid for income taxes 87.2 73.7 66.5
Reported net sales growth (%) 10% -8% 6%
Organic net sales growth (%) 7% -5% 5%
Gross margin (%) 42% 39% 37%
Adjusted EBITDA margin (%) 22% 21% 21%
Capital expenditures as a % of net sales 3% 2% 2%
Segment Financials
Electronics
Net sales 1,561.4 1,414.7 1,604.1
Gross profit 652.5 558.2 594.1
Adjusted EBITDA 361.5 317.7 362.1
Reported net sales growth (%) 10% -12% 1%
Organic net sales growth (%) 7% -7% 5%
Gross margin (%) 42% 40% 37%
Adjusted EBITDA margin (%) 23% 23% 23%
Industrial & Specialty
Net sales 895.5 918.5 945.3
Gross profit 383.2 360.3 358.6
Adjusted EBITDA 173.2 164.6 164.5
Reported net sales growth (%) -3% -2% 16%
Organic net sales growth (%) -1% -2% 5%
Gross margin (%) 43% 39% 40%
Adjusted EBITDA margin (%) 19% 18% 17%

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