v3.25.2
Revenue
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue

NOTE 3. REVENUE

Disaggregation of Revenues

Our Mineral Fiber and Architectural Specialties operating segments both manufacture and sell interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions (primarily mineral fiber, fiberglass, metal, felt, wood, architectural resin and glass, wood fiber, and glass-reinforced-gypsum) throughout the Americas. We disaggregate revenue based on our product-based segments and major customer channels, as they represent the most appropriate depiction of how the nature, amount and timing of revenues and cash flows are affected by economic factors. Net sales by major customer channel are as follows:

Distributors – represents net sales to building materials distributors who re-sell our products to contractors, subcontractors’ alliances, large architect and design firms, and major facility owners. Geographically, this category includes sales throughout the U.S., Canada, and Latin America.

Home centers – represents net sales to home centers, such as Lowe’s Companies, Inc. and The Home Depot, Inc. This category includes sales primarily to U.S. customers.

Direct customers – represents net sales to contractors, subcontractors, and large architect and design firms. This category includes sales primarily to U.S. customers.

Other – represents net sales to independent retailers and certain national account customers, including wholesalers who re-sell our products to dealers who service builders, contractors, online customers, major facility owners, group purchasing organizations and maintenance, repair and operating entities, and original product manufacturers. Geographically, this category includes sales throughout the U.S., Canada, and Latin America.

 

The following tables provide net sales by major customer channel within our Mineral Fiber and Architectural Specialties segments for the three and six months ended June 30, 2025 and 2024:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

Mineral Fiber

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Distributors

 

$

200.2

 

 

$

184.9

 

 

$

380.2

 

 

$

354.2

 

Home centers

 

 

25.0

 

 

 

24.5

 

 

 

52.0

 

 

 

55.5

 

Direct customers

 

 

17.9

 

 

 

16.6

 

 

 

32.0

 

 

 

29.7

 

Other

 

 

23.9

 

 

 

24.2

 

 

 

47.9

 

 

 

50.4

 

Total

 

$

267.0

 

 

$

250.2

 

 

$

512.1

 

 

$

489.8

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

Architectural Specialties

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Distributors

 

$

70.0

 

 

$

55.5

 

 

$

124.3

 

 

$

109.3

 

Direct customers

 

 

80.9

 

 

 

53.7

 

 

 

158.3

 

 

 

83.7

 

Other

 

 

6.7

 

 

 

5.7

 

 

 

12.6

 

 

 

8.6

 

Total

 

$

157.6

 

 

$

114.9

 

 

$

295.2

 

 

$

201.6