Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.2.2
Segment Information
9 Months Ended
Sep. 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 September 30, 

2022

2021

2022

2021

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

783,056

$

612,900

$

154,236

$

105,046

Specialty Distribution

583,543

276,398

88,364

47,162

Intercompany eliminations

(65,601)

(43,541)

(10,806)

(7,590)

Total

$

1,300,998

$

845,757

231,794

144,618

General corporate expense, net (c)

(8,920)

(10,812)

Operating profit, as reported

222,874

133,806

Other expense, net

(14,864)

(5,437)

Income before income taxes

$

208,010

$

128,369

Nine Months Ended September 30, 

2022

2021

2022

2021

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

2,208,717

$

1,751,278

$

406,835

$

277,748

Specialty Distribution

1,715,196

801,363

245,534

125,403

Intercompany eliminations

(179,712)

(129,831)

(29,949)

(21,050)

Total

$

3,744,201

$

2,422,810

622,420

382,101

General corporate expense, net (c)

(28,371)

(24,124)

Operating profit, as reported

594,049

357,977

Other expense, net

(39,833)

(31,862)

Income before income taxes

$

554,216

$

326,115

(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.