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v3.25.2

Segment Results (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information | The following tables are presented at the level of disaggregation regularly reviewed by the CODM to evaluate operating performance and allocate resources to operating segments:
For the three months ended June 30, 2025 |  | Mineral Fiber |  |  | Architectural Specialties |  |  | Unallocated Corporate |  |  | Total |
Net sales to external customers |  | $ | 267.0 |  |  | $ | 157.6 |  |  | $ | - |  |  | $ | 424.6 |
Cost of goods sold |  |  | 156.7 |  |  |  | 91.8 |  |  |  | 0.3 |  |  |  | 248.8 |
Gross profit (loss) |  |  | 110.3 |  |  |  | 65.8 |  |  |  | (0.3 | ) |  |  | 175.8 |
SG&A expenses |  |  | 44.0 |  |  |  | 40.2 |  |  |  | 0.3 |  |  |  | 84.5 |
Equity (earnings) loss from unconsolidated affiliates, net |  |  | (32.1 | ) |  |  | - |  |  |  | 0.2 |  |  |  | (31.9 | )
Segment operating income (loss) |  | $ | 98.4 |  |  | $ | 25.6 |  |  | $ | (0.8 | ) |  | $ | 123.2 |
Depreciation and amortization |  | $ | 22.1 |  |  | $ | 8.4 |  |  | $ | - |  |  | $ | 30.5 |
Purchases of property, plant and equipment |  |  | 16.8 |  |  |  | 3.1 |  |  |  | - |  |  |  | 19.9 |
For the three months ended June 30, 2024 |  | Mineral Fiber |  |  | Architectural Specialties |  |  | Unallocated Corporate |  |  | Total |
Net sales to external customers |  | $ | 250.2 |  |  | $ | 114.9 |  |  | $ | - |  |  | $ | 365.1 |
Cost of goods sold |  |  | 147.5 |  |  |  | 68.0 |  |  |  | 0.3 |  |  |  | 215.8 |
Gross profit (loss) |  |  | 102.7 |  |  |  | 46.9 |  |  |  | (0.3 | ) |  |  | 149.3 |
SG&A expenses |  |  | 47.5 |  |  |  | 32.7 |  |  |  | 0.4 |  |  |  | 80.6 |
Equity (earnings) loss from unconsolidated affiliates, net |  |  | (26.5 | ) |  |  | - |  |  |  | 0.2 |  |  |  | (26.3 | )
Segment operating income (loss) |  | $ | 81.7 |  |  | $ | 14.2 |  |  | $ | (0.9 | ) |  | $ | 95.0 |
Depreciation and amortization |  | $ | 19.7 |  |  | $ | 5.8 |  |  | $ | - |  |  | $ | 25.5 |
Purchases of property, plant and equipment |  |  | 16.0 |  |  |  | 3.9 |  |  |  | - |  |  |  | 19.9 |
For the six months ended June 30, 2025 |  | Mineral Fiber |  |  | Architectural Specialties |  |  | Unallocated Corporate |  |  | Total |
Net sales to external customers |  | $ | 512.1 |  |  | $ | 295.2 |  |  | $ | - |  |  | $ | 807.3 |
Cost of goods sold |  |  | 304.7 |  |  |  | 176.2 |  |  |  | 0.7 |  |  |  | 481.6 |
Gross profit (loss) |  |  | 207.4 |  |  |  | 119.0 |  |  |  | (0.7 | ) |  |  | 325.7 |
SG&A expenses |  |  | 83.4 |  |  |  | 78.6 |  |  |  | 0.5 |  |  |  | 162.5 |
Equity (earnings) loss from unconsolidated affiliates, net |  |  | (58.9 | ) |  |  | - |  |  |  | 0.4 |  |  |  | (58.5 | )
Segment operating income (loss) |  | $ | 182.9 |  |  | $ | 40.4 |  |  | $ | (1.6 | ) |  | $ | 221.7 |
Depreciation and amortization |  | $ | 42.9 |  |  | $ | 16.9 |  |  | $ | - |  |  | $ | 59.8 |
Purchases of property, plant and equipment |  |  | 31.4 |  |  |  | 7.6 |  |  |  | - |  |  |  | 39.0 |
For the six months ended June 30, 2024 |  | Mineral Fiber |  |  | Architectural Specialties |  |  | Unallocated Corporate |  |  | Total |
Net sales to external customers |  | $ | 489.8 |  |  | $ | 201.6 |  |  | $ | - |  |  | $ | 691.4 |
Cost of goods sold |  |  | 293.2 |  |  |  | 123.9 |  |  |  | 0.7 |  |  |  | 417.8 |
Gross profit (loss) |  |  | 196.6 |  |  |  | 77.7 |  |  |  | (0.7 | ) |  |  | 273.6 |
SG&A expenses |  |  | 89.6 |  |  |  | 55.8 |  |  |  | 0.6 |  |  |  | 146.0 |
Equity (earnings) loss from unconsolidated affiliates, net |  |  | (53.9 | ) |  |  | - |  |  |  | 0.4 |  |  |  | (53.5 | )
Segment operating income (loss) |  | $ | 160.9 |  |  | $ | 21.9 |  |  | $ | (1.7 | ) |  | $ | 181.1 |
Depreciation and amortization |  | $ | 39.6 |  |  | $ | 10.2 |  |  | $ | - |  |  | $ | 49.8 |
Purchases of property, plant and equipment |  |  | 27.6 |  |  |  | 7.0 |  |  |  | - |  |  |  | 34.6 |
Reconciliation of Total Segment Operating Income to Earnings Before Income Taxes | The following table reconciles our total segment operating income to earnings before income taxes. These items are measured and managed only on a consolidated basis.
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Total segment operating income |  | $ | 123.2 |  |  | $ | 95.0 |  |  | $ | 221.7 |  |  | $ | 181.1 |
Interest expense |  |  | 8.6 |  |  |  | 11.1 |  |  |  | 17.1 |  |  |  | 20.1 |
Other non-operating (income), net |  |  | (0.7 | ) |  |  | (3.2 | ) |  |  | (1.4 | ) |  |  | (6.3 | )
Earnings before income taxes |  | $ | 115.3 |  |  | $ | 87.1 |  |  | $ | 206.0 |  |  | $ | 167.3 |
Reconciliation of Total Segment Assets to Total Consolidated Assets | The following tables present balance sheet information by operating segment:
As of June 30, 2025 |  | Mineral Fiber |  |  | Architectural Specialties |  |  | Unallocated Corporate |  |  | Total |
Segment assets |  | $ | 1,089.0 |  |  | $ | 592.8 |  |  | $ | 180.2 |  |  | $ | 1,862.0 |
Investment in unconsolidated affiliates |  |  | 30.4 |  |  |  | - |  |  |  | 4.2 |  |  |  | 34.6 |
As of December 31,2024 |  | Mineral Fiber |  |  | Architectural Specialties |  |  | Unallocated Corporate |  |  | Total |
Segment assets |  | $ | 1,063.8 |  |  | $ | 602.2 |  |  | $ | 176.7 |  |  | $ | 1,842.7 |
Investment in unconsolidated affiliates |  |  | 22.6 |  |  |  | - |  |  |  | 4.6 |  |  |  | 27.2 |

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