Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.23.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2023
Segment Information  
Schedule of net sales and operating results by segment

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

Three Months Ended March 31, 

2023

2022

2023

2022

Net Sales

Operating Profit (b)

Operations by segment (a):

Installation

$

767,090

$

676,693

$

146,897

$

112,679

Specialty Distribution

558,375

543,862

73,333

70,420

Intercompany eliminations

(60,227)

(51,637)

(9,971)

(8,708)

Total

$

1,265,238

$

1,168,918

210,259

174,391

General corporate expense, net (c)

(10,828)

(10,437)

Operating profit, as reported

199,431

163,954

Other expense, net

(16,116)

(11,282)

Income before income taxes

$

183,315

$

152,672

(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.