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Segment Results
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Results

NOTE 2. SEGMENT RESULTS

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

Net sales

 

 

 

 

 

 

Mineral Fiber

 

$

239.6

 

 

$

228.4

 

Architectural Specialties

 

 

86.7

 

 

 

81.8

 

Total net sales

 

$

326.3

 

 

$

310.2

 

 

 

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,

 

 

 

2024

 

 

2023

 

Segment operating income (loss)

 

 

 

 

 

 

Mineral Fiber

 

$

79.2

 

 

$

63.8

 

Architectural Specialties

 

 

7.7

 

 

 

7.2

 

Unallocated Corporate

 

 

(0.8

)

 

 

(0.8

)

Total consolidated operating income

 

$

86.1

 

 

$

70.2

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

Total consolidated operating income

 

$

86.1

 

 

$

70.2

 

Interest expense

 

 

9.0

 

 

 

8.7

 

Other non-operating (income), net

 

 

(3.1

)

 

 

(2.4

)

Earnings before income taxes

 

$

80.2

 

 

$

63.9

 

 

 

 

March 31, 2024

 

 

December 31, 2023

 

Segment assets

 

 

 

 

 

 

Mineral Fiber

 

$

1,097.9

 

 

$

1,091.9

 

Architectural Specialties

 

 

430.0

 

 

 

421.1

 

Unallocated Corporate

 

 

163.6

 

 

 

159.4

 

Total consolidated assets

 

$

1,691.5

 

 

$

1,672.4