Revenue

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue

NOTE 4. REVENUE

Disaggregation of Revenues

Our Mineral Fiber and Architectural Specialties operating segments both manufacture and sell building products, predominately ceiling and wall systems (primarily mineral fiber, fiberglass, metal, felt, wood, resin, wood fiber 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 and 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 present net sales by major customer group within the Mineral Fiber and Architectural Specialties segments for the years ended December 31, 2024, 2023 and 2022:

Mineral Fiber	2024		2023		2022
Distributors	$	716.9	$	682.3	$	654.1
Home centers		107.0		103.5		99.1
Direct customers		60.5		57.1		61.0
Other		101.6		89.5		73.2
Total	$	986.0	$	932.4	$	887.4

Architectural Specialties	2024		2023		2022
Distributors	$	224.9	$	192.7	$	174.4
Direct customers		214.6		159.7		168.0
Other		20.2		10.4		3.3
Total	$	459.7	$	362.8	$	345.7