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Segment Results
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Results

NOTE 2. SEGMENT RESULTS

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

234.5

 

 

$

208.1

 

 

$

437.7

 

 

$

396.8

 

Architectural Specialties

 

 

86.5

 

 

 

71.9

 

 

 

165.9

 

 

 

135.1

 

Total net sales

 

$

321.0

 

 

$

280.0

 

 

$

603.6

 

 

$

531.9

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Segment operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

71.4

 

 

$

72.1

 

 

$

129.1

 

 

$

132.7

 

Architectural Specialties

 

 

1.1

 

 

 

7.4

 

 

 

7.6

 

 

 

2.5

 

Unallocated Corporate

 

 

(0.9

)

 

 

(1.2

)

 

 

(1.9

)

 

 

(2.8

)

Total consolidated operating income

 

$

71.6

 

 

$

78.3

 

 

$

134.8

 

 

$

132.4

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Total consolidated operating income

 

$

71.6

 

 

$

78.3

 

 

$

134.8

 

 

$

132.4

 

Interest expense

 

 

5.8

 

 

 

5.6

 

 

 

10.9

 

 

 

11.3

 

Other non-operating (income), net

 

 

(1.4

)

 

 

(1.6

)

 

 

(2.7

)

 

 

(2.9

)

Earnings from continuing operations before income taxes

 

$

67.2

 

 

$

74.3

 

 

$

126.6

 

 

$

124.0

 

 

 

 

June 30, 2022

 

 

December 31, 2021

 

Segment assets

 

 

 

 

 

 

Mineral Fiber

 

$

1,153.5

 

 

$

1,133.9

 

Architectural Specialties

 

 

385.3

 

 

 

366.3

 

Unallocated Corporate

 

 

195.2

 

 

 

209.8

 

Total consolidated assets

 

$

1,734.0

 

 

$

1,710.0