Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.2
Segment Information
6 Months Ended
Jun. 30, 2022
Segment Information  
Segment Information

7.  SEGMENT INFORMATION

The following tables set forth our net sales and operating results by segment, in thousands:

Three Months Ended June 30, 

2022

2021

2022

2021

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

748,968

$

605,625

$

139,919

$

99,066

Specialty Distribution

587,791

273,364

86,749

42,856

Intercompany eliminations

(62,474)

(44,734)

(10,435)

(6,932)

Total

$

1,274,285

$

834,255

216,233

134,990

General corporate expense, net (c)

(9,012)

(6,704)

Operating profit, as reported

207,221

128,286

Other expense, net

(13,689)

(6,039)

Income before income taxes

$

193,532

$

122,247

Six Months Ended June 30, 

2022

2021

2022

2021

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

1,425,661

$

1,138,378

$

252,598

$

172,702

Specialty Distribution

1,131,653

524,965

157,170

78,241

Intercompany eliminations

(114,111)

(86,290)

(19,144)

(13,460)

Total

$

2,443,203

$

1,577,053

390,624

237,483

General corporate expense, net (c)

(19,449)

(13,311)

Operating profit, as reported

371,175

224,172

Other expense, net

(24,969)

(26,425)

Income before income taxes

$

346,206

$

197,747

(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.