v3.26.1
Information on Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information The following tables represent our Installation segment information for the three and six months ended June 30, 2026 and 2025 (in millions):
Three months ended June 30,Six months ended June 30,
2026202520262025
Installation segment revenue$710.7 $715.6 $1,320.5 $1,362.8 
Installation segment cost of sales (1)
451.2 450.1 844.7 867.8 
Installation segment gross profit$259.5 $265.5 $475.8 $495.0 
Installation segment gross profit percentage36.5 %37.1 %36.0 %36.3 %
Other gross profit percentage24.7 %23.0 %25.2 %24.2 %
Total consolidated gross profit percentage, as reported33.3 %34.2 %32.8 %33.5 %
(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, 2026 and 2025.
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,
2026202520262025
Reconciliation of revenue:
Installation segment revenue$710.7 $715.6 $1,320.5 $1,362.8 
Other revenue (1)
90.2 56.7 158.6 100.6 
Elimination of inter-segment revenue(23.1)(12.0)(40.8)(18.3)
Total consolidated net revenue$777.8 $760.3 $1,438.3 $1,445.1 
Reconciliation of segment gross profit:
Installation segment gross profit$259.5 $265.5 $475.8 $495.0 
Other gross profit (1)
22.3 13.0 40.0 24.3 
Elimination of inter-segment gross profit(6.4)(3.4)(11.8)(5.3)
Less:
Depreciation and amortization16.5 15.2 32.8 30.4 
Total consolidated gross profit, as reported258.9 259.9 471.2 483.6 
Operating expenses164.3 158.9 319.0 312.8 
Operating income 94.6 101.0 152.2 170.8 
Other expense, net9.5 7.6 20.0 16.1 
Income before income taxes$85.1 $93.4 $132.2 $154.7 
(1)Other revenue and other gross profit include the remaining two operating segments, Distribution and Manufacturing before inter-segment eliminations. These operating segments are each below the quantitative thresholds for being reported as a reportable segment for the three and six months ended June 30, 2026 and 2025.