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Information on Segments (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables represent our Installation segment information for the three and nine months ended September 30, 2025 and 2024 (in millions):

			Three months ended September 30,												Nine months ended September 30,
Installation Segment			2025						2024						2025						2024
Revenue			$	721.1					$	713.7					$	2,083.9					$	2,066.9
Cost of sales (1)			455.2						455.9						1,323.0						1,318.4
Segment gross profit			$	265.9					$	257.8					$	760.9					$	748.5
Segment gross profit percentage			36.9		%				36.1		%				36.5		%				36.2		%

(1)Cost of sales included in the Installation segment gross profit is exclusive of depreciation and amortization for the three and nine months ended September 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 September 30,												Nine months ended September 30,
			2025						2024						2025						2024
Reconciliation of revenue:
Installation segment revenue			$	721.1					$	713.7					$	2,083.9					$	2,066.9
Other revenue (1)			73.3						51.7						173.9						136.0
Elimination of inter-segment revenue			(16.2)						(4.8)						(34.5)						(11.8)
Total consolidated net revenue			$	778.2					$	760.6					$	2,223.3					$	2,191.1
Reconciliation of segment gross profit:
Installation segment gross profit			$	265.9					$	257.8					$	760.9					$	748.5
Other gross profit (1)			18.4						14.7						42.7						38.0
Elimination of inter-segment gross profit			(4.8)						(1.5)						(10.1)						(3.4)
Less:
Depreciation and amortization			15.3						14.2						45.7						40.4
Total consolidated gross profit, as reported			264.2						256.8						747.8						742.7
Operating expenses			157.4						155.5						470.2						458.7
Operating income			106.8						101.3						277.6						284.0
Other expense, net			6.5						7.4						22.6						27.0
Income before income taxes			$	100.3					$	93.9					$	255.0					$	257.0

(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 nine months ended September 30, 2025 and 2024.

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- 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

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X

- References

No definition available.

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