Revenue

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue

NOTE 3. REVENUE

Disaggregation of Revenues

Our Mineral Fiber and Architectural Specialties operating segments both manufacture and sell ceiling and wall systems (primarily mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, architectural resin and glass, and glass-reinforced-gypsum) throughout the Americas. We disaggregate revenue based on our product-based segments and major customer channels, as they represent the most appropriate depiction of how the nature, amount and timing of revenues and cash flows are affected by economic factors. Net sales by major customer channel are as follows:

Distributors – represents net sales to building materials distributors who re-sell our products to contractors, subcontractors’ alliances, large architect and design firms, and major facility owners. Geographically, this category includes sales throughout the U.S., Canada, and Latin America.

Home centers – represents net sales to home centers, such as Lowe’s Companies, Inc. and The Home Depot, Inc. This category includes sales primarily to U.S. customers.

Direct customers – represents net sales to contractors, subcontractors, and large architect and design firms. This category includes sales primarily to U.S. customers.

Other – represents net sales to independent retailers and certain national account customers, including wholesalers who re-sell our products to dealers who service builders, contractors, online customers, major facility owners, group purchasing organizations,

maintenance, repair and operating entities and original product manufacturers. Geographically, this category includes sales throughout the U.S., Canada, and Latin America.

The following tables provide net sales by major customer channel within our Mineral Fiber and Architectural Specialties segments for the three and six months ended June 30, 2024 and 2023:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
Mineral Fiber	2024		2023		2024		2023
Distributors	$	184.9	$	174.6	$	354.2	$	334.4
Home centers		24.5		23.4		55.5		54.5
Direct customers		16.6		15.2		29.7		29.9
Other		24.2		20.8		50.4		43.6
Total	$	250.2	$	234.0	$	489.8	$	462.4

	Three Months Ended				Six Months Ended
	June 30,				June 30,
Architectural Specialties	2024		2023		2024		2023
Distributors	$	55.5	$	45.9	$	109.3	$	85.1
Direct customers		53.7		44.4		83.7		86.4
Other		5.7		1.1		8.6		1.7
Total	$	114.9	$	91.4	$	201.6	$	173.2