Steele Inc. Consolidated Income Statements 2017 $6,149,218 (4,355,675) $1,793,543 (1,080,843) 0 (in thousands except per share amounts) 2019 2018 Net sales $7,245,088 $6,944,296 Cost of goods sold (5,286,253) (4,953,556) Gross margin $1,958,835 $1,990,740 General and administrative expenses (1,259,896) (1,202,042) Special and nonrecurring items 2,617 0 Operating income $701,556 $788,698 Interest expense (63,685) (62,398)