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Nature Of Operations (Tables)
12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule Of Segment Reporting Information

For the year ended 2023

 

Mineral Fiber

 

 

Architectural Specialties

 

 

Unallocated
Corporate

 

 

Total

 

Net sales to external customers

 

$

932.4

 

 

$

362.8

 

 

$

-

 

 

$

1,295.2

 

Equity (earnings) from joint venture

 

 

(89.3

)

 

 

-

 

 

 

-

 

 

 

(89.3

)

Segment operating income (loss)

 

 

285.7

 

 

 

40.9

 

 

 

(2.9

)

 

 

323.7

 

Segment assets

 

 

1,091.9

 

 

 

421.1

 

 

 

159.4

 

 

 

1,672.4

 

Depreciation and amortization

 

 

75.3

 

 

 

13.9

 

 

 

-

 

 

 

89.2

 

Investment in joint venture

 

 

17.4

 

 

 

-

 

 

 

-

 

 

 

17.4

 

Purchases of property, plant and equipment

 

 

67.2

 

 

 

16.6

 

 

 

-

 

 

 

83.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended 2022

 

Mineral Fiber

 

 

Architectural Specialties

 

 

Unallocated
Corporate

 

 

Total

 

Net sales to external customers

 

$

887.4

 

 

$

345.7

 

 

$

-

 

 

$

1,233.1

 

Equity (earnings) from joint venture

 

 

(77.6

)

 

 

-

 

 

 

-

 

 

 

(77.6

)

Segment operating income (loss)

 

 

260.9

 

 

 

21.7

 

 

 

(3.9

)

 

 

278.7

 

Segment assets

 

 

1,096.9

 

 

 

387.5

 

 

 

202.8

 

 

 

1,687.2

 

Depreciation and amortization

 

 

69.5

 

 

 

14.2

 

 

 

-

 

 

 

83.7

 

Investment in joint venture

 

 

23.9

 

 

 

-

 

 

 

-

 

 

 

23.9

 

Purchases of property, plant and equipment

 

 

63.8

 

 

 

11.0

 

 

 

-

 

 

 

74.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended 2021

 

Mineral Fiber

 

 

Architectural Specialties

 

 

Unallocated
Corporate

 

 

Total

 

Net sales to external customers

 

$

818.5

 

 

$

288.1

 

 

$

-

 

 

$

1,106.6

 

Equity (earnings) from joint venture

 

 

(87.7

)

 

 

-

 

 

 

-

 

 

 

(87.7

)

Segment operating income (loss)

 

 

261.2

 

 

 

4.2

 

 

 

(5.4

)

 

 

260.0

 

Segment assets

 

 

1,133.9

 

 

 

366.3

 

 

 

209.8

 

 

 

1,710.0

 

Depreciation and amortization

 

 

69.9

 

 

 

26.6

 

 

 

-

 

 

 

96.5

 

Investment in joint venture

 

 

50.0

 

 

 

-

 

 

 

-

 

 

 

50.0

 

Purchases of property, plant and equipment

 

 

64.8

 

 

 

15.0

 

 

 

-

 

 

 

79.8

 

Reconciliation Of Total Consolidated Operating Income To Earnings Before Income Taxes The following reconciles our total consolidated operating income to earnings (loss) from continuing operations before income taxes. These items are only measured and managed on a consolidated basis:

 

 

 

2023

 

 

2022

 

 

2021

 

Total consolidated operating income

 

$

323.7

 

 

$

278.7

 

 

$

260.0

 

Interest expense

 

 

35.3

 

 

 

27.1

 

 

 

22.9

 

Other non-operating (income), net

 

 

(9.9

)

 

 

(6.0

)

 

 

(5.6

)

Earnings from continuing operations before income taxes

 

$

298.3

 

 

$

257.6

 

 

$

242.7

 

Schedule Of Sales Allocated To Geographic Area

The sales in the table below are allocated to geographic areas based on the location of our selling entities.

 

 

 

2023

 

 

2022

 

 

2021

 

Geographic Areas

 

 

 

 

 

 

 

 

 

Net sales

 

 

 

 

 

 

 

 

 

Mineral Fiber:

 

 

 

 

 

 

 

 

 

United States

 

$

854.2

 

 

$

816.3

 

 

$

754.2

 

Canada

 

 

78.2

 

 

 

71.1

 

 

 

64.3

 

Total Mineral Fiber

 

 

932.4

 

 

 

887.4

 

 

 

818.5

 

 

 

 

 

 

 

 

 

 

 

Architectural Specialties:

 

 

 

 

 

 

 

 

 

United States

 

 

349.3

 

 

 

322.1

 

 

 

268.0

 

Canada

 

 

13.5

 

 

 

23.6

 

 

 

20.1

 

Total Architectural Specialties

 

 

362.8

 

 

 

345.7

 

 

 

288.1

 

Total net sales

 

$

1,295.2

 

 

$

1,233.1

 

 

$

1,106.6

 

 

Schedule Of Property, Plant And Equipment Allocated To Geographic Area

 

 

2023

 

 

2022

 

Property, plant and equipment, net at December 31,

 

 

 

 

 

 

Mineral Fiber:

 

 

 

 

 

 

United States

 

$

494.9

 

 

$

496.8

 

Total Mineral Fiber

 

 

494.9

 

 

 

496.8

 

 

 

 

 

 

 

 

Architectural Specialties:

 

 

 

 

 

 

United States

 

 

66.5

 

 

 

52.3

 

Canada

 

 

5.0

 

 

 

5.3

 

Total Architectural Specialties

 

 

71.5

 

 

 

57.6

 

Total property, plant and equipment, net

 

$

566.4

 

 

$

554.4