v3.24.0.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Information  
Schedule of net sales and operating results by segment

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Key information by segment is as follows, for the years ended December 31, in thousands:

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Net Sales

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Operating Profit (b)

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2023

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2022

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2021

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2023

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2022

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2021

Operations by segment (a):

    

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Installation

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$

3,188,232

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$

2,969,978

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$

2,378,401

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$

644,392

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$

548,795

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$

383,722

Specialty Distribution

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2,268,339

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2,278,261

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1,287,176

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330,938

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326,226

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169,368

Intercompany eliminations and other adjustments

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(261,877)

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(239,495)

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(179,370)

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(44,438)

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(39,839)

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(29,653)

Total

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$

5,194,694

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$

5,008,744

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$

3,486,207

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930,892

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835,182

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523,437

General corporate expense, net (c)

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(52,067)

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(38,018)

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(47,018)

Operating profit, as reported

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878,825

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797,164

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476,419

Other expense, net

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(53,342)

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(55,029)

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(42,976)

Income before income taxes

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$

825,483

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$

742,135

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$

433,443

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Property Additions (d)

 

Depreciation and
Amortization

 

Total Assets

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2023

 

2022

 

2021

 

2023

 

2022

 

2021

 

2023

 

2022

Operations by segment (a):

 

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Installation

 

$

48,076

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$

46,518

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$

53,996

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$

69,123

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$

62,483

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$

57,815

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$

2,207,734

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$

2,129,255

Specialty Distribution

 

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18,859

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17,671

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41,847

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59,607

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56,881

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18,743

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2,060,127

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2,175,835

Corporate

 

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8,394

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10,023

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4,539

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4,148

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3,971

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2,832

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894,990

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301,741

Total, as reported

 

$

75,329

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$

74,212

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$

100,382

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$

132,878

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$

123,335

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$

79,390

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$

5,162,851

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$

4,606,831

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(a)

All of our operations are located primarily in the U.S. and to a lesser extent Canada.

(b)

Segment operating profit includes an allocation of general corporate expenses attributable to the operating segments which is based on direct benefit or usage (such as salaries of corporate employees who directly support the segment).  

(c)

General corporate expense, net includes expenses not specifically attributable to our segments for functions such as corporate human resources, finance, and legal, including salaries, benefits, and other related costs.

(d)

Property additions include assets acquired in business combinations in each respective year.

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