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Segment Results (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Net Sales

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

258.0

 

 

$

249.7

 

 

$

747.8

 

 

$

712.1

 

Architectural Specialties

 

 

128.6

 

 

 

97.6

 

 

 

330.2

 

 

 

270.8

 

Total net sales

 

$

386.6

 

 

$

347.3

 

 

$

1,078.0

 

 

$

982.9

 

 

Reconciliation of Total Consolidated Operating Income to Earnings Before Income Taxes

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Segment operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

93.0

 

 

$

85.5

 

 

$

253.9

 

 

$

224.8

 

Architectural Specialties

 

 

19.2

 

 

 

15.5

 

 

 

41.1

 

 

 

34.9

 

Unallocated Corporate

 

 

(0.9

)

 

 

(0.8

)

 

 

(2.6

)

 

 

(2.3

)

Total consolidated operating income

 

$

111.3

 

 

$

100.2

 

 

$

292.4

 

 

$

257.4

 

Schedule of Segment Operating Income (Loss)

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Total consolidated operating income

 

$

111.3

 

 

$

100.2

 

 

$

292.4

 

 

$

257.4

 

Interest expense

 

 

10.5

 

 

 

8.8

 

 

 

30.6

 

 

 

26.7

 

Other non-operating (income), net

 

 

(3.0

)

 

 

(2.3

)

 

 

(9.3

)

 

 

(6.9

)

Earnings before income taxes

 

$

103.8

 

 

$

93.7

 

 

$

271.1

 

 

$

237.6

 

Reconciliation of Total Segment Assets to Total Consolidated Assets

 

 

September 30, 2024

 

 

December 31, 2023

 

Segment assets

 

 

 

 

 

 

Mineral Fiber

 

$

1,087.2

 

 

$

1,091.9

 

Architectural Specialties

 

 

544.9

 

 

 

421.1

 

Unallocated Corporate

 

 

171.9

 

 

 

159.4

 

Total consolidated assets

 

$

1,804.0

 

 

$

1,672.4