v3.26.3
Segment Results (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information The following tables are presented at the level of disaggregation regularly reviewed by the CODM to evaluate operating performance and allocate resources to segments:

 

For the three months ended September 30, 2026

 

Mineral Fiber

 

 

Architectural Specialties

 

 

Unallocated Corporate

 

 

Total

 

Net sales to external customers

 

$

292.1

 

 

$

183.7

 

 

$

-

 

 

$

475.8

 

Cost of goods sold

 

 

171.7

 

 

 

113.1

 

 

 

0.3

 

 

 

285.1

 

Gross profit (loss)

 

 

120.4

 

 

 

70.6

 

 

 

(0.3

)

 

 

190.7

 

SG&A expenses

 

 

46.2

 

 

 

44.9

 

 

 

0.2

 

 

 

91.3

 

(Gain) related to change in fair value of contingent consideration

 

 

-

 

 

 

(0.1

)

 

 

-

 

 

 

(0.1

)

Equity (earnings) loss from unconsolidated affiliates, net

 

 

(31.8

)

 

 

-

 

 

 

0.1

 

 

 

(31.7

)

Segment operating income (loss)

 

$

106.0

 

 

$

25.8

 

 

$

(0.6

)

 

$

131.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

$

22.4

 

 

$

9.8

 

 

$

-

 

 

$

32.2

 

Purchases of property, plant and equipment

 

 

18.3

 

 

 

6.4

 

 

 

-

 

 

 

24.7

 

 

 

For the three months ended September 30, 2025

 

Mineral Fiber

 

 

Architectural Specialties

 

 

Unallocated Corporate

 

 

Total

 

Net sales to external customers

 

$

274.0

 

 

$

151.2

 

 

$

-

 

 

$

425.2

 

Cost of goods sold

 

 

155.3

 

 

 

91.1

 

 

 

0.3

 

 

 

246.7

 

Gross profit (loss)

 

 

118.7

 

 

 

60.1

 

 

 

(0.3

)

 

 

178.5

 

SG&A expenses

 

 

49.1

 

 

 

40.7

 

 

 

0.3

 

 

 

90.1

 

Loss related to change in fair value of contingent consideration

 

 

-

 

 

 

0.1

 

 

 

-

 

 

 

0.1

 

(Gain) on sales of fixed assets, net

 

 

(0.9

)

 

 

-

 

 

 

-

 

 

 

(0.9

)

Equity (earnings) loss from unconsolidated affiliates, net

 

 

(28.2

)

 

 

-

 

 

 

0.2

 

 

 

(28.0

)

Segment operating income (loss)

 

$

98.7

 

 

$

19.3

 

 

$

(0.8

)

 

$

117.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

$

21.6

 

 

$

8.5

 

 

$

-

 

 

$

30.1

 

Purchases of property, plant and equipment

 

 

18.5

 

 

 

4.1

 

 

 

-

 

 

 

22.6

 

 

For the nine months ended September 30, 2026

 

Mineral Fiber

 

 

Architectural Specialties

 

 

Unallocated Corporate

 

 

Total

 

Net sales to external customers

 

$

837.5

 

 

$

520.2

 

 

$

-

 

 

$

1,357.7

 

Cost of goods sold

 

 

493.8

 

 

 

321.9

 

 

 

1.0

 

 

 

816.7

 

Gross profit (loss)

 

 

343.7

 

 

 

198.3

 

 

 

(1.0

)

 

 

541.0

 

SG&A expenses

 

 

138.7

 

 

 

134.0

 

 

 

0.7

 

 

 

273.4

 

Loss (gain) related to change in fair value of contingent consideration, net

 

 

1.0

 

 

 

(0.2

)

 

 

-

 

 

 

0.8

 

Equity (earnings) loss from unconsolidated affiliates, net

 

 

(92.8

)

 

 

-

 

 

 

0.4

 

 

 

(92.4

)

Segment operating income (loss)

 

$

296.8

 

 

$

64.5

 

 

$

(2.1

)

 

$

359.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

$

66.4

 

 

$

25.7

 

 

$

-

 

 

$

92.1

 

Purchases of property, plant and equipment

 

 

50.0

 

 

 

16.4

 

 

 

-

 

 

 

66.4

 

 

For the nine months ended September 30, 2025

 

Mineral Fiber

 

 

Architectural Specialties

 

 

Unallocated Corporate

 

 

Total

 

Net sales to external customers

 

$

786.1

 

 

$

446.4

 

 

$

-

 

 

$

1,232.5

 

Cost of goods sold

 

 

460.0

 

 

 

267.3

 

 

 

1.0

 

 

 

728.3

 

Gross profit (loss)

 

 

326.1

 

 

 

179.1

 

 

 

(1.0

)

 

 

504.2

 

SG&A expenses

 

 

132.3

 

 

 

119.0

 

 

 

0.8

 

 

 

252.1

 

Loss related to change in fair value of contingent consideration

 

 

0.2

 

 

 

0.3

 

 

 

-

 

 

 

0.5

 

(Gain) loss on sales of fixed assets, net

 

 

(0.9

)

 

 

0.1

 

 

 

-

 

 

 

(0.8

)

Equity (earnings) loss from unconsolidated affiliates, net

 

 

(87.1

)

 

 

-

 

 

 

0.6

 

 

 

(86.5

)

Segment operating income (loss)

 

$

281.6

 

 

$

59.7

 

 

$

(2.4

)

 

$

338.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

$

64.5

 

 

$

25.4

 

 

$

-

 

 

$

89.9

 

Purchases of property, plant and equipment

 

 

49.9

 

 

 

11.7

 

 

 

-

 

 

 

61.6

 
Reconciliation of Total Segment Operating Income to Earnings Before Income Taxes

The following table reconciles our total segment operating income to earnings before income taxes. These items are only measured and managed on a consolidated basis:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Total segment operating income

 

$

131.2

 

 

$

117.2

 

 

$

359.2

 

 

$

338.9

 

Interest expense

 

 

7.5

 

 

 

8.2

 

 

 

22.6

 

 

 

25.3

 

Other non-operating (income), net

 

 

(0.7

)

 

 

(0.5

)

 

 

(3.1

)

 

 

(1.9

)

Earnings before income taxes

 

$

124.4

 

 

$

109.5

 

 

$

339.7

 

 

$

315.5

 
Reconciliation of Total Segment Assets to Total Consolidated Assets

The following tables present balance sheet information by segment:

 

As of September 30, 2026

 

Mineral Fiber

 

 

Architectural Specialties

 

 

Unallocated Corporate

 

 

Total

 

Segment assets

 

$

1,099.4

 

 

$

718.0

 

 

$

187.0

 

 

$

2,004.4

 

Investments in unconsolidated affiliates

 

 

26.2

 

 

 

-

 

 

 

3.3

 

 

 

29.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2025

 

Mineral Fiber

 

 

Architectural Specialties

 

 

Unallocated Corporate

 

 

Total

 

Segment assets

 

$

1,095.6

 

 

$

612.7

 

 

$

216.4

 

 

$

1,924.7

 

Investments in unconsolidated affiliates

 

 

22.9

 

 

 

-

 

 

 

3.7

 

 

 

26.6