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Information on Business Segments
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Information on Business Segments

14.

Information on Business Segments

Net sales and operating income for the six and three months ended June 30, 2020 and 2019 by segment were as follows:

 

 

 

Six Months Ended June 30,

(In millions)

 

2020

 

 

2019

 

 

% Change

vs. Prior Year

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

Cabinets

 

$

1,158.7

 

 

$

1,208.0

 

 

 

(4.1

)

%

Plumbing

 

 

973.8

 

 

 

964.7

 

 

 

0.9

 

 

Doors & Security

 

 

646.0

 

 

 

662.4

 

 

 

(2.5

)

 

Net sales

 

$

2,778.5

 

 

$

2,835.1

 

 

 

(2.0

)

%

Operating Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

Cabinets

 

$

81.0

 

 

$

108.9

 

 

 

(25.6

)

%

Plumbing

 

 

214.0

 

 

 

195.9

 

 

 

9.2

 

 

Doors & Security

 

 

76.7

 

 

 

72.4

 

 

 

5.9

 

 

Less: Corporate expenses

 

 

(43.7

)

 

 

(39.2

)

 

 

(11.5

)

 

Operating income

 

$

328.0

 

 

$

338.0

 

 

 

(3.0

)

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

(In millions)

 

2020

 

 

2019

 

 

% Change

vs. Prior Year

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

Cabinets

 

$

538.7

 

 

$

635.0

 

 

 

(15.2

)

%

Plumbing

 

 

504.8

 

 

 

506.1

 

 

 

(0.3

)

 

Doors & Security

 

 

332.3

 

 

 

366.1

 

 

 

(9.2

)

 

Net sales

 

$

1,375.8

 

 

$

1,507.2

 

 

 

(8.7

)

%

Operating Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

Cabinets

 

$

37.3

 

 

$

65.7

 

 

 

(43.2

)

%

Plumbing

 

 

109.5

 

 

 

106.7

 

 

 

2.6

 

 

Doors & Security

 

 

45.2

 

 

 

50.0

 

 

 

(9.6

)

 

Less: Corporate expenses

 

 

(19.0

)

 

 

(20.0

)

 

 

5.0

 

 

Operating income

 

$

173.0

 

 

$

202.4

 

 

 

(14.5

)

%