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Segment Results
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Results

NOTE 2. SEGMENT RESULTS

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

250.2

 

 

$

234.0

 

 

$

489.8

 

 

$

462.4

 

Architectural Specialties

 

 

114.9

 

 

 

91.4

 

 

 

201.6

 

 

 

173.2

 

Total net sales

 

$

365.1

 

 

$

325.4

 

 

$

691.4

 

 

$

635.6

 

 

Our product-based Mineral Fiber and Architectural Specialties segment net sales represent the product-based group offerings we sell to external customers.

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Segment operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

81.7

 

 

$

75.5

 

 

$

160.9

 

 

$

139.3

 

Architectural Specialties

 

 

14.2

 

 

 

12.2

 

 

 

21.9

 

 

 

19.4

 

Unallocated Corporate

 

 

(0.9

)

 

 

(0.7

)

 

 

(1.7

)

 

 

(1.5

)

Total consolidated operating income

 

$

95.0

 

 

$

87.0

 

 

$

181.1

 

 

$

157.2

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Total consolidated operating income

 

$

95.0

 

 

$

87.0

 

 

$

181.1

 

 

$

157.2

 

Interest expense

 

 

11.1

 

 

 

9.2

 

 

 

20.1

 

 

 

17.9

 

Other non-operating (income), net

 

 

(3.2

)

 

 

(2.2

)

 

 

(6.3

)

 

 

(4.6

)

Earnings before income taxes

 

$

87.1

 

 

$

80.0

 

 

$

167.3

 

 

$

143.9

 

 

 

 

June 30, 2024

 

 

December 31, 2023

 

Segment assets

 

 

 

 

 

 

Mineral Fiber

 

$

1,098.1

 

 

$

1,091.9

 

Architectural Specialties

 

 

549.6

 

 

 

421.1

 

Unallocated Corporate

 

 

172.5

 

 

 

159.4

 

Total consolidated assets

 

$

1,820.2

 

 

$

1,672.4