Prior Year Acquisition

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Prior Year Acquisition

13. Prior Year Acquisition:

In October 2025, we completed the acquisition of Duro Dyne and Supco, a robust portfolio of HVAC parts and supplies that complement our existing residential and commercial offerings. Under the terms of the purchase agreement, a final working capital adjustment was completed in the first quarter of 2026. This working capital adjustment resulted in a $2.3 million increase in the purchase price. Additionally, during the first quarter of 2026 we made certain purchase price adjustments. The following table details the purchase price adjustments that were made during the first quarter of 2026 (in millions):

	December 31, 2025		Adjustment		March 31, 2026
Net tangible assets acquired	$	39.1	$	(4.2)	$	34.9
Intangible assets acquired(1)	235.0		—		235.0
Goodwill	277.2		6.5		283.7
Total investment	$	551.3	$	2.3	$	553.6