ADDED
Management's Discussion and Analysis of Financial Condition and Results of Operations 19 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 70 9A.
We believe that our solid results of operations and financial position for 2025 resulted from our continued focus on our strategy to drive the full potential of our core businesses, leverage opportunities across our enterprise, and actively manage our portfolio.
In 2025, we continued to return value to our shareholders by repurchasing approximately 8.5 million shares of our common stock and increasing our quarterly dividend by approximately seven percent compared to 2024.
Our DELTA and MIROLIN products are sold primarily to home center retailers in North America.
We also perform electron beam irradiation services and supply high-quality, custom thermoplastic solutions, extruded plastic profiles, specialized fabrications and PEX tubing to manufacturers, distributors and wholesalers for use in diverse applications that include faucets and plumbing supplies, appliances and building products.
KG, Fortune Brands Innovations, Inc.'s Moen, Rohl and Riobel brands, Kohler Co., Lixil Group Corporation s American Standard and Grohe brands, Spectrum Brands Holdings, Inc.'s Pfister faucets, Villeroy Boch's Ideal Standard brand, Zurn Elkay Water Solutions Corporation, as well as private label and digitally native brands.
In addition, we have experienced and may continue to experience significantly higher costs for some of the material inputs and products in this segment that we import as a result of increased duties and tariffs.
Net sales of architectural coatings comprised approximately 31 percent of our consolidated net sales in 2025 and 32 percent of our consolidated net sales in 2024 and 2023.
Our Behr business grants to The Home Depot Behr brand exclusivity in the retail sales channel in North America and exclusivity with respect to Kilz branded primer products in the home improvement big box retail sales channel and across online only mass market retail marketplaces in the United States and in the retail sales channel in Canada.
REMOVED
Management's Discussion and Analysis of Financial Condition and Results of Operations 20 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 71 9A.
We believe that our solid results of operations and financial position for 2024 resulted from our continued focus on our three strategic pillars: drive the full potential of our core businesses; leverage opportunities across our enterprise; and actively manage our portfolio.
In 2024, we continued to return value to our shareholders by repurchasing approximately 10.0 million shares of our common stock and increasing our quarterly dividend by approximately two percent compared to 2023.
In addition, in the third quarter of 2024, we completed the divestiture of our Kichler Lighting business.
Our DELTA, PEERLESS and MIROLIN products are sold primarily to home center retailers in North America.
We also supply high-quality, custom thermoplastic solutions, extruded plastic profiles and specialized fabrications, as well as PEX tubing, to manufacturers, distributors and wholesalers for use in diverse applications that include faucets and plumbing supplies, appliances, oil and gas equipment and building products.
KG, Zurn Elkay Water Solutions Corporation, Fortune Brands Innovations, Inc.'s Moen, Rohl and Riobel brands, Kohler Co., Lixil Group Corporation s American Standard and Grohe brands, Spectrum Brands Holdings, Inc.'s Pfister faucets as well as private label and digitally native brands.
In addition, some of the products in this segment that we import have been and may in the future be subject to duties and tariffs.
Net sales of architectural coatings comprised approximately 32 percent of our consolidated net sales in 2024, 2023, and 2022.