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Segment Results
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segment Results

NOTE 2. SEGMENT RESULTS

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Net sales

 

 

 

 

 

 

Mineral Fiber

 

$

228.4

 

 

$

203.2

 

Architectural Specialties

 

 

81.8

 

 

 

79.4

 

Total net sales

 

$

310.2

 

 

$

282.6

 

 

Our product-based Mineral Fiber and Architectural Specialties segment net sales represent the product-based group offerings we sell to external customers.

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Segment operating income (loss)

 

 

 

 

 

 

Mineral Fiber

 

$

63.8

 

 

$

57.6

 

Architectural Specialties

 

 

7.2

 

 

 

6.5

 

Unallocated Corporate

 

 

(0.8

)

 

 

(0.9

)

Total consolidated operating income

 

$

70.2

 

 

$

63.2

 

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Total consolidated operating income

 

$

70.2

 

 

$

63.2

 

Interest expense

 

 

8.7

 

 

 

5.1

 

Other non-operating (income), net

 

 

(2.4

)

 

 

(1.3

)

Earnings before income taxes

 

$

63.9

 

 

$

59.4

 

 

 

 

March 31, 2023

 

 

December 31, 2022

 

Segment assets

 

 

 

 

 

 

Mineral Fiber

 

$

1,118.9

 

 

$

1,096.9

 

Architectural Specialties

 

 

385.3

 

 

 

387.5

 

Unallocated Corporate

 

 

183.7

 

 

 

202.8

 

Total consolidated assets

 

$

1,687.9

 

 

$

1,687.2