Nature Of Operations (Tables)

12 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [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 year ended 2024		Mineral Fiber				Architectural Specialties				Unallocated Corporate				Total
Net sales to external customers		$	986.0			$	459.7			$	-			$	1,445.7
Cost of goods sold			586.2				276.3				1.6				864.1
Gross profit (loss)			399.8				183.4				(1.6	)			581.6
SG&A expenses			180.8				126.7				1.0				308.5
Loss related to change in fair value of contingent consideration			0.2				1.4				-				1.6
Loss on sales of fixed assets, net			0.6				-				-				0.6
Equity (earnings) loss from unconsolidated affiliates, net			(104.3	)			-				0.9				(103.4	)
Segment operating income (loss)		$	322.5			$	55.3			$	(3.5	)		$	374.3

Segment assets		$	1,063.8			$	602.2			$	176.7			$	1,842.7
Investment in unconsolidated affiliates			22.6				-				4.6				27.2
Depreciation and amortization			80.2				23.0				-				103.2
Purchases of property, plant and equipment			64.3				18.5				-				82.8

For the year ended 2023		Mineral Fiber				Architectural Specialties				Unallocated Corporate				Total
Net sales to external customers		$	932.4			$	362.8			$	-			$	1,295.2
Cost of goods sold			574.1				222.4				1.7				798.2
Gross profit (loss)			358.3				140.4				(1.7	)			497.0
SG&A expenses			161.9				99.4				1.2				262.5
Loss related to change in fair value of contingent consideration			-				0.1				-				0.1
Equity (earnings) from unconsolidated affiliates, net			(89.3	)			-				-				(89.3	)
Segment operating income (loss)		$	285.7			$	40.9			$	(2.9	)		$	323.7

Segment assets		$	1,091.9			$	421.1			$	159.4			$	1,672.4
Investment in unconsolidated affiliates			17.4				-				-				17.4
Depreciation and amortization			75.3				13.9				-				89.2
Purchases of property, plant and equipment			67.2				16.6				-				83.8

For the year ended 2022		Mineral Fiber				Architectural Specialties				Unallocated Corporate				Total
Net sales to external customers		$	887.4			$	345.7			$	-			$	1,233.1
Cost of goods sold			559.4				222.3				2.3				784.0
Gross profit (loss)			328.0				123.4				(2.3	)			449.1
SG&A expenses			144.7				90.7				1.6				237.0
Loss related to change in fair value of contingent consideration			-				11.0				-				11.0
Equity (earnings) from unconsolidated affiliates, net			(77.6	)			-				-				(77.6	)
Segment operating income (loss)		$	260.9			$	21.7			$	(3.9	)		$	278.7

Segment assets		$	1,096.9			$	387.5			$	202.8			$	1,687.2
Investment in unconsolidated affiliates			23.9				-				-				23.9
Depreciation and amortization			69.5				14.2				-				83.7
Purchases of property, plant and equipment			63.8				11.0				-				74.8

In 2024, we sold an idled Mineral Fiber plant in St. Helens, Oregon for total proceeds of $9.4 million, with a $4.6 million gain recorded upon sale. Also in 2024, we sold a parcel of undeveloped land adjacent to our corporate campus in Lancaster, Pennsylvania within our Mineral Fiber segment for total proceeds of $12.8 million. Upon classification to held for sale during the third quarter of 2024, we recognized an impairment loss of $4.9 million and during the fourth quarter of 2024 we recognized a $0.3 million loss upon sale. Finally, in 2024 we sold a building and related land of an Architectural Specialties design center in Chicago, Illinois for total proceeds of $2.1 million, with no gain or loss recorded upon sale. The impact of these transactions is recorded within loss on sales of fixed assets, net on our Consolidated Statements of Earnings and Comprehensive Income.

Reconciliation Of Total Consolidated Operating Income To Earnings Before Income Taxes

The following reconciles our total consolidated operating income to earnings (loss) from continuing operations before income taxes. These items are only measured and managed on a consolidated basis:


		2024				2023				2022
Total consolidated operating income		$	374.3			$	323.7			$	278.7
Interest expense			39.8				35.3				27.1
Other non-operating (income), net			(12.6	)			(9.9	)			(6.0	)
Earnings from continuing operations before income taxes		$	347.1			$	298.3			$	257.6

Schedule Of Sales Allocated To Geographic Area

The sales in the table below are allocated to geographic areas based on the location of our selling entities.


		2024				2023				2022
Geographic Areas
Net sales
Mineral Fiber:
United States		$	909.5			$	854.2			$	816.3
Canada			76.5				78.2				71.1
Total Mineral Fiber			986.0				932.4				887.4

Architectural Specialties:
United States			448.8				349.3				322.1
Canada			10.9				13.5				23.6
Total Architectural Specialties			459.7				362.8				345.7
Total net sales		$	1,445.7			$	1,295.2			$	1,233.1

Schedule Of Property, Plant And Equipment Allocated To Geographic Area


		2024				2023
Property, plant and equipment, net as of December 31,
Mineral Fiber:
United States		$	477.9			$	494.9
Total Mineral Fiber			477.9				494.9

Architectural Specialties:
United States			116.6				66.5
Canada			4.3				5.0
Total Architectural Specialties			120.9				71.5
Total property, plant and equipment, net		$	598.8			$	566.4