Revenue Recognition

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Revenues by End-Market

A summary of revenues disaggregated by end-market follows:

	2025
(in millions)	CCM		CWT		Total
Non-residential construction	$	3,432.9	$	595.8	$	4,028.7
Residential construction	288.8		574.3		863.1
Other	—		128.1		128.1
Total revenues	$	3,721.7	$	1,298.2	$	5,019.9
	2024
(in millions)	CCM		CWT		Total
Non-residential construction	$	3,414.9	$	583.6	$	3,998.5
Residential construction	289.4		587.7		877.1
Other	—		128.0		128.0
Total revenues	$	3,704.3	$	1,299.3	$	5,003.6
	2023
(in millions)	CCM		CWT		Total
Non-residential construction	$	2,986.0	$	543.9	$	3,529.9
Residential construction	267.4		667.8		935.2
Other	—		121.8		121.8
Total revenues	$	3,253.4	$	1,333.5	$	4,586.9

Revenues by Geographic Area

A summary of revenues based on the region to which the product was delivered follows:

	2025
(in millions)	CCM		CWT		Total
United States	$	3,392.0	$	1,108.3	$	4,500.3
International:
Europe	231.9		18.8		250.7
North America (excluding U.S.)	75.7		155.3		231.0
Other	22.1		15.8		37.9
Total international	329.7		189.9		519.6
Total revenues	$	3,721.7	$	1,298.2	$	5,019.9
	2024
(in millions)	CCM		CWT		Total
United States	$	3,373.7	$	1,153.5	$	4,527.2
International:
Europe	217.3		20.5		237.8
North America (excluding U.S.)	85.0		109.7		194.7
Other	28.3		15.6		43.9
Total international	$	330.6	$	145.8	$	476.4
Total revenues	$	3,704.3	$	1,299.3	$	5,003.6
	2023
(in millions)	CCM		CWT		Total
United States	$	2,949.3	$	1,180.8	$	4,130.1
International:
Europe	192.7		19.1		211.8
North America (excluding U.S.)	85.4		112.6		198.0
Other	26.0		21.0		47.0
Total international	304.1		152.7		456.8
Total revenues	$	3,253.4	$	1,333.5	$	4,586.9

Customer Information

QXO Inc. acquired Beacon Roofing Supply Inc. in April 2025. Revenues from QXO, Inc. and Beacon Roofing Supply, Inc. accounted for approximately 16.7%, 17.8% and 16.4% of the Company’s consolidated revenues during the years ended December 31, 2025, 2024 and 2023, respectively. Additionally, revenues from ABC Supply Co. accounted for approximately 16.3%, 15.9% and 15.3% of the Company's consolidated revenues during the years ended December 31, 2025, 2024 and 2023, respectively. Sales to both of these customers originate in the CCM and CWT segments. No other customers accounted for more than 10.0% of the Company’s consolidated revenues for the years ended December 31, 2025, 2024 and 2023.

Contract Liabilities

The Company receives payment at inception of contracts for separately priced extended service warranties. The related revenue is deferred and recognized on a straight-line basis over the life of the contracts. Remaining performance obligations for extended service warranties represent the transaction price for the remaining stand-ready obligation to perform warranty services. A summary of the change in contract liabilities follows:

(in millions)	2025		2024		2023
Balance as of January 1	$	350.5	$	324.0	$	294.8
Revenue deferred	52.5		55.3		56.1
Revenue recognized	(30.7)		(28.8)		(26.9)
Balance as of December 31	$	372.3	$	350.5	$	324.0

A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of December 31, 2025 follows:

(in millions)	2026		2027		2028		2029		2030		Thereafter
Extended service warranties	$	29.8	$	29.3	$	28.2	$	27.3	$	26.4	$	231.3