XML 51 R38.htm IDEA: XBRL DOCUMENT
v3.25.2

Information on Segments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Information | The following tables represent our segment information for the three and six months ended June 30, 2025 and 2024 (in millions):
| Three months ended June 30, |  | Six months ended June 30,
Installation Segment | 2025 |  | 2024 |  | 2025 |  | 2024
Revenue | $ | 715.6 |  |  | $ | 697.3 |  |  | $ | 1,362.8 |  |  | $ | 1,353.2 |
Cost of sales (1) | 450.1 |  |  | 443.1 |  |  | 867.8 |  |  | 862.4 |
Segment gross profit | $ | 265.5 |  |  | $ | 254.2 |  |  | $ | 495.0 |  |  | $ | 490.8 |
Segment gross profit percentage | 37.1 | % |  | 36.5 | % |  | 36.3 | % |  | 36.3 | %
(1)Cost of sales included in the Installation segment gross profit is exclusive of depreciation and amortization for the three and six months ended June 30, 2025 and 2024. The reconciliation of Installation revenue and segment gross profit for each period as shown in the table above to consolidated net revenue and income before income taxes is as follows (in millions):
| Three months ended June 30, |  | Six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Reconciliation of revenue: |  |  |  |  |  |  |
Installation segment revenue | $ | 715.6 |  |  | $ | 697.3 |  |  | $ | 1,362.8 |  |  | $ | 1,353.2 |
Other revenue (1) | 56.7 |  |  | 44.0 |  |  | 100.6 |  |  | 84.3 |
Elimination of inter-segment revenue | (12.0) |  |  | (3.7) |  |  | (18.3) |  |  | (7.0) |
Total consolidated net revenue | $ | 760.3 |  |  | $ | 737.6 |  |  | $ | 1,445.1 |  |  | $ | 1,430.5 |
Reconciliation of segment gross profit: |  |  |  |  |  |  |
Installation segment gross profit | $ | 265.5 |  |  | $ | 254.2 |  |  | $ | 495.0 |  |  | $ | 490.8 |
Other gross profit (1) | 13.0 |  |  | 11.5 |  |  | 24.3 |  |  | 23.3 |
Elimination of inter-segment gross profit | (3.4) |  |  | (0.9) |  |  | (5.3) |  |  | (1.9) |
Less: |  |  |  |  |  |  |
Depreciation and amortization | 15.2 |  |  | 13.4 |  |  | 30.4 |  |  | 26.3 |
Total consolidated gross profit, as reported | 259.9 |  |  | 251.4 |  |  | 483.6 |  |  | 485.9 |
Operating expenses | 158.9 |  |  | 156.6 |  |  | 312.8 |  |  | 303.2 |
Operating income | 101.0 |  |  | 94.8 |  |  | 170.8 |  |  | 182.7 |
Other expense, net | 7.6 |  |  | 8.1 |  |  | 16.1 |  |  | 19.6 |
Income before income taxes | $ | 93.4 |  |  | $ | 86.7 |  |  | $ | 154.7 |  |  | $ | 163.1 |
(1)Other revenue and other gross profit include the remaining two operating segments, Distribution and Manufacturing before inter-segment eliminations. These operating segments are each below the quantitative thresholds for being reported as a reportable segment for the three and six months ended June 30, 2025 and 2024.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration