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Information on Business Segments (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Net Sales and Operating Income by Segment Net sales and operating income for the six and three months ended June 30, 2019 and 2018 by segment were as follows:

 

 

Six Months Ended June 30,

(In millions)

 

2019

 

 

2018

 

 

% Change

vs. Prior

Year

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

Cabinets

 

$

1,208.0

 

 

$

1,194.8

 

 

 

1.1

 

%

Plumbing

 

 

964.7

 

 

 

933.4

 

 

 

3.4

 

 

Doors & Security

 

 

662.4

 

 

 

555.4

 

 

 

19.3

 

 

Net sales

 

$

2,835.1

 

 

$

2,683.6

 

 

 

5.6

 

%

Operating Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

Cabinets

 

$

108.9

 

 

$

93.5

 

 

 

16.5

 

%

Plumbing

 

 

195.9

 

 

 

183.7

 

 

 

6.6

 

 

Doors & Security

 

 

72.4

 

 

 

73.5

 

 

 

(1.5

)

 

Less: Corporate expenses

 

 

(39.2

)

 

 

(42.7

)

 

 

8.2

 

 

Operating income

 

$

338.0

 

 

$

308.0

 

 

 

9.7

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

(In millions)

 

2019

 

 

2018

 

 

% Change

vs. Prior

Year

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

Cabinets

 

$

635.0

 

 

$

637.6

 

 

 

(0.4

)

%

Plumbing

 

 

506.1

 

 

 

483.7

 

 

 

4.6

 

 

Doors & Security

 

 

366.1

 

 

 

307.7

 

 

 

19.0

 

 

Net sales

 

$

1,507.2

 

 

$

1,429.0

 

 

 

5.5

 

%

Operating Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

Cabinets

 

$

65.7

 

 

$

69.4

 

 

 

(5.3

)

%

Plumbing

 

 

106.7

 

 

 

95.3

 

 

 

12.0

 

 

Doors & Security

 

 

50.0

 

 

 

45.3

 

 

 

10.4

 

 

Less: Corporate expenses

 

 

(20.0

)

 

 

(21.4

)

 

 

6.5

 

 

Operating income

 

$

202.4

 

 

$

188.6

 

 

 

7.3

 

%