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v3.26.1

Information on Segments (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of Segment Information | The following tables represent our Installation segment information for the three and six months ended June 30, 2026 and 2025 (in millions):
| Three months ended June 30, |  | Six months ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Installation segment revenue | $ | 710.7 |  |  | $ | 715.6 |  |  | $ | 1,320.5 |  |  | $ | 1,362.8 |
Installation segment cost of sales (1) | 451.2 |  |  | 450.1 |  |  | 844.7 |  |  | 867.8 |
Installation segment gross profit | $ | 259.5 |  |  | $ | 265.5 |  |  | $ | 475.8 |  |  | $ | 495.0 |
Installation segment gross profit percentage | 36.5 | % |  | 37.1 | % |  | 36.0 | % |  | 36.3 | %
Other gross profit percentage | 24.7 | % |  | 23.0 | % |  | 25.2 | % |  | 24.2 | %
Total consolidated gross profit percentage, as reported | 33.3 | % |  | 34.2 | % |  | 32.8 | % |  | 33.5 | %
(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, 2026 and 2025. 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,
| 2026 |  | 2025 |  | 2026 |  | 2025
Reconciliation of revenue: |  |  |  |  |  |  |
Installation segment revenue | $ | 710.7 |  |  | $ | 715.6 |  |  | $ | 1,320.5 |  |  | $ | 1,362.8 |
Other revenue (1) | 90.2 |  |  | 56.7 |  |  | 158.6 |  |  | 100.6 |
Elimination of inter-segment revenue | (23.1) |  |  | (12.0) |  |  | (40.8) |  |  | (18.3) |
Total consolidated net revenue | $ | 777.8 |  |  | $ | 760.3 |  |  | $ | 1,438.3 |  |  | $ | 1,445.1 |
Reconciliation of segment gross profit: |  |  |  |  |  |  |
Installation segment gross profit | $ | 259.5 |  |  | $ | 265.5 |  |  | $ | 475.8 |  |  | $ | 495.0 |
Other gross profit (1) | 22.3 |  |  | 13.0 |  |  | 40.0 |  |  | 24.3 |
Elimination of inter-segment gross profit | (6.4) |  |  | (3.4) |  |  | (11.8) |  |  | (5.3) |
Less: |  |  |  |  |  |  |
Depreciation and amortization | 16.5 |  |  | 15.2 |  |  | 32.8 |  |  | 30.4 |
Total consolidated gross profit, as reported | 258.9 |  |  | 259.9 |  |  | 471.2 |  |  | 483.6 |
Operating expenses | 164.3 |  |  | 158.9 |  |  | 319.0 |  |  | 312.8 |
Operating income | 94.6 |  |  | 101.0 |  |  | 152.2 |  |  | 170.8 |
Other expense, net | 9.5 |  |  | 7.6 |  |  | 20.0 |  |  | 16.1 |
Income before income taxes | $ | 85.1 |  |  | $ | 93.4 |  |  | $ | 132.2 |  |  | $ | 154.7 |
(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, 2026 and 2025.

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