Operating profit increased 61% to $366 million, principally due to strong volume leverage and reduced spending in the form of lower travel, entertainment, and marketing expenses across our segments.

Apr 28, 2021 / CEO / receipt, needs a key / Keith Allman, CEO | earnings call 2021-04-28 | transcript c1524ff6-0915-44e6-8e05-4e2ccdf944a3 | chars 2872-3070 | segment 3

While total company sales grew 7%, operating profit increased 18% as we leveraged the strong volume growth and enacted significant cost reduction across the organization, including a hiring and wage freeze for part of the year, significantly lower brand and marketing spend, a freeze on certain growth investments for part of the year, and obviously, drastically reduced travel and entertainment expense.

Feb 9, 2021 / CEO / receipt, needs a key / Keith Allman, CEO | earnings call 2021-02-09 | transcript 3d50e30c-4461-4e10-a217-f0ec1aeaa252 | chars 6699-7103 | segment 6

With more time at home, and more disposable income due to reduced discretionary spending on leisure travel, entertainment, and gas for commuting, to name a few, consumers are investing in their homes.

Oct 28, 2020 / CEO / receipt, needs a key / Keith Allman, CEO | earnings call 2020-10-28 | transcript 63b6bd18-389e-4a0a-9662-b8e6eb05f995 | chars 2344-2544 | segment 2