Information on Segments (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables represent our segment information for the three months ended March 31, 2024 and 2023 (in millions):

	Three months ended March 31, 2024
	Installation			Other			Eliminations			Consolidated
Revenue	$	655.9		$	40.3		$	(3.3)		$	692.9
Cost of sales (1)	419.3			28.5			(2.3)			445.5
Segment gross profit	$	236.6		$	11.8		$	(1.0)		$	247.4
Segment gross profit percentage	36.1		%	29.3		%	29.4		%	35.7		%

	Three months ended March 31, 2023
	Installation			Other			Eliminations			Consolidated
Revenue	$	622.7		$	38.7		$	(2.1)		$	659.3
Cost of sales (1)	410.4			28.5			(1.8)			437.1
Segment gross profit	$	212.3		$	10.2		$	(0.3)		$	222.2
Segment gross profit percentage	34.1		%	26.5		%	18.1		%	33.7		%

(1)Cost of sales included in segment gross profit is exclusive of depreciation and amortization for the three months ended March 31, 2024 and 2023.

The reconciliation between consolidated segment gross profit for each period as shown in the tables above to consolidated income before income taxes is as follows (in millions):

	Three months ended March 31,
	2024		2023
Segment gross profit - consolidated	$	247.4	$	222.2
Depreciation and amortization (1)	12.9		11.8
Gross profit, as reported	234.5		210.4
Operating expenses	146.6		133.5
Operating income	87.9		76.9
Other expense, net	11.5		9.5
Income before income taxes	$	76.4	$	67.4

(1)Depreciation and amortization is excluded from segment gross profit for the three months ended March 31, 2024 and 2023.