Non-GAAP earnings per share increased more than 40% year-over-year with solid revenue growth in both segments.
Non-GAAP earnings per share of $1.11 was delivered in the second quarter, representing 41% year-over-year EPS growth ahead of internal expectations.
Non-GAAP operating margin expanded 200 basis points year-over-year to 11%, the highest on record for the second quarter.
Profitability improvements were driven by volume growth, profit transformation efforts, and KII synergies.
Residential Building Products second quarter revenue increased more than 5% year-over-year, with new construction channel up more than 4% and remodel-retrofit sales up over 7%.
Residential Building Products segment operating profit grew 20% year-over-year, and operating margin expanded 190 basis points to 15.7%.