The following tables represent our segment information for the three and six months ended June 30, 2025 and 2024 (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | Installation Segment | 2025 | | 2024 | | 2025 | | 2024 | | Revenue | $ | 715.6 | | | $ | 697.3 | | | $ | 1,362.8 | | | $ | 1,353.2 | | Cost of sales (1) | 450.1 | | | 443.1 | | | 867.8 | | | 862.4 | | | Segment gross profit | $ | 265.5 | | | $ | 254.2 | | | $ | 495.0 | | | $ | 490.8 | | | Segment gross profit percentage | 37.1 | % | | 36.5 | % | | 36.3 | % | | 36.3 | % |
(1)Cost of sales included in the Installation segment gross profit is exclusive of depreciation and amortization for the three and six months ended June 30, 2025 and 2024. The reconciliation of Installation revenue and segment gross profit for each period as shown in the table above to consolidated net revenue and income before income taxes is as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Reconciliation of revenue: | | | | | | | | | Installation segment revenue | $ | 715.6 | | | $ | 697.3 | | | $ | 1,362.8 | | | $ | 1,353.2 | | Other revenue (1) | 56.7 | | | 44.0 | | | 100.6 | | | 84.3 | | | Elimination of inter-segment revenue | (12.0) | | | (3.7) | | | (18.3) | | | (7.0) | | | Total consolidated net revenue | $ | 760.3 | | | $ | 737.6 | | | $ | 1,445.1 | | | $ | 1,430.5 | | Reconciliation of segment gross profit: | | | | | | | | | Installation segment gross profit | $ | 265.5 | | | $ | 254.2 | | | $ | 495.0 | | | $ | 490.8 | | Other gross profit (1) | 13.0 | | | 11.5 | | | 24.3 | | | 23.3 | | | Elimination of inter-segment gross profit | (3.4) | | | (0.9) | | | (5.3) | | | (1.9) | | | Less: | | | | | | | | | Depreciation and amortization | 15.2 | | | 13.4 | | | 30.4 | | | 26.3 | | | Total consolidated gross profit, as reported | 259.9 | | | 251.4 | | | 483.6 | | | 485.9 | | | Operating expenses | 158.9 | | | 156.6 | | | 312.8 | | | 303.2 | | | Operating income | 101.0 | | | 94.8 | | | 170.8 | | | 182.7 | | | Other expense, net | 7.6 | | | 8.1 | | | 16.1 | | | 19.6 | | | Income before income taxes | $ | 93.4 | | | $ | 86.7 | | | $ | 154.7 | | | $ | 163.1 | |
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