Information on Segments (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables represent our segment information for the three months ended March 31, 2025 and 2024 (in millions):

	Three months ended March 31,
Installation Segment	2025			2024
Revenue	$	647.2		$	655.9
Cost of sales (1)	417.7			419.3
Segment gross profit	$	229.5		$	236.6
Segment gross profit percentage	35.5		%	36.1		%

(1)Cost of sales included in the Installation segment gross profit is exclusive of depreciation and amortization for the three months ended March 31, 2025 and 2024.

The reconciliation of Installation revenue and segment gross profit for each period as shown in the table above to consolidated net revenue and income before income taxes is as follows (in millions):

	Three months ended March 31,
	2025		2024
Reconciliation of revenue:
Installation segment revenue	$	647.2	$	655.9
Other revenue (1)	43.9		40.3
Elimination of inter-segment revenue	(6.3)		(3.3)
Total consolidated net revenue	$	684.8	$	692.9
Reconciliation of segment gross profit:
Installation segment gross profit	$	229.5	$	236.6
Other gross profit (1)	11.3		11.8
Elimination of inter-segment gross profit	(1.9)		(1.0)
Less:
Depreciation and amortization	15.2		12.9
Total consolidated gross profit, as reported	223.7		234.5
Operating expenses	153.9		146.6
Operating income	69.8		87.9
Other expense, net	8.5		11.5
Income before income taxes	$	61.3	$	76.4

(1)Other revenue and other gross profit include the remaining two operating segments, Distribution and Manufacturing before inter-segment eliminations. These operating segments are each below the quantitative thresholds for being reported as a reportable segment for the three months ended March 31, 2025 and 2024.