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Segment Results (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Net Sales

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

233.7

 

 

$

214.5

 

 

$

671.4

 

 

$

611.3

 

Architectural Specialties

 

 

91.3

 

 

 

77.7

 

 

 

257.2

 

 

 

212.8

 

Total net sales

 

$

325.0

 

 

$

292.2

 

 

$

928.6

 

 

$

824.1

 

 

 

Schedule of Segment Operating Income (Loss)

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Segment operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

70.8

 

 

$

68.5

 

 

$

199.8

 

 

$

201.2

 

Architectural Specialties

 

 

3.4

 

 

 

5.0

 

 

 

11.0

 

 

 

7.5

 

Unallocated Corporate

 

 

(0.9

)

 

 

(1.4

)

 

 

(2.7

)

 

 

(4.2

)

Total consolidated operating income

 

$

73.3

 

 

$

72.1

 

 

$

208.1

 

 

$

204.5

 

Reconciliation of Total Consolidated Operating Income to Earnings Before Income Taxes

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Total consolidated operating income

 

$

73.3

 

 

$

72.1

 

 

$

208.1

 

 

$

204.5

 

Interest expense

 

 

7.0

 

 

 

6.1

 

 

 

17.9

 

 

 

17.4

 

Other non-operating (income), net

 

 

(1.4

)

 

 

(1.4

)

 

 

(4.1

)

 

 

(4.3

)

Earnings from continuing operations before income taxes

 

$

67.7

 

 

$

67.4

 

 

$

194.3

 

 

$

191.4

 

Reconciliation of Total Segment Assets to Total Consolidated Assets

 

 

September 30, 2022

 

 

December 31, 2021

 

Segment assets

 

 

 

 

 

 

Mineral Fiber

 

$

1,132.6

 

 

$

1,133.9

 

Architectural Specialties

 

 

388.7

 

 

 

366.3

 

Unallocated Corporate

 

 

218.1

 

 

 

209.8

 

Total consolidated assets

 

$

1,739.4

 

 

$

1,710.0