Information on Segments (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables represent our segment information for the three and nine months ended September 30, 2024 and 2023 (in millions):

	Three months ended September 30, 2024												Nine months ended September 30, 2024
	Installation			Other			Eliminations			Consolidated			Installation			Other			Eliminations			Consolidated
Revenue	$	713.7		$	51.7		$	(4.8)		$	760.6		$	2,066.9		$	136.0		$	(11.8)		$	2,191.1
Cost of sales (1)	455.9			37.0			(3.3)			489.6			1,318.4			98.0			(8.4)			1,408.0
Segment gross profit	$	257.8		$	14.7		$	(1.5)		$	271.0		$	748.5		$	38.0		$	(3.4)		$	783.1
Segment gross profit percentage	36.1		%	28.4		%	30.1		%	35.6		%	36.2		%	27.9		%	28.5		%	35.7		%

	Three months ended September 30, 2023												Nine months ended September 30, 2023
	Installation			Other			Eliminations			Consolidated			Installation			Other			Eliminations			Consolidated
Revenue	$	661.2		$	47.5		$	(2.2)		$	706.5		$	1,935.8		$	128.5		$	(6.4)		$	2,057.9
Cost of sales (1)	419.5			34.0			(1.6)			451.9			1,248.5			92.8			(4.9)			1,336.4
Segment gross profit	$	241.7		$	13.5		$	(0.6)		$	254.6		$	687.3		$	35.7		$	(1.5)		$	721.5
Segment gross profit percentage	36.6		%	28.4		%	26.4		%	36.0		%	35.5		%	27.8		%	22.4		%	35.1		%

(1)Cost of sales included in segment gross profit is exclusive of depreciation and amortization for the three and nine months ended September 30, 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 September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Segment gross profit - consolidated	$	271.0	$	254.6	$	783.1	$	721.5
Depreciation and amortization (1)	14.2		12.5		40.4		36.5
Gross profit, as reported	256.8		242.1		742.7		685.0
Operating expenses	155.5		139.8		458.7		413.5
Operating income	101.3		102.3		284.0		271.5
Other expense, net	7.4		9.5		27.0		28.7
Income before income taxes	$	93.9	$	92.8	$	257.0	$	242.8

(1)Depreciation and amortization is excluded from segment gross profit for the three and nine months ended September 30, 2024 and 2023.