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SEGMENT INFORMATION (Tables)

6 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Financial Information Related to Operations by Segment

The following table sets forth certain financial information relating to our operations by segment. We do not allocate interest or taxes at the segment level; these costs are disclosed at the consolidated company level.

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2024				2023				2024				2023
		(dollars in thousands)
Revenue
Cement		$	352,780			$	360,751			$	691,942			$	689,783
Concrete and Aggregates			69,980				69,887				134,795				140,340
Gypsum Wallboard			214,975				209,233				432,801				428,330
Recycled Paperboard			50,777				43,016				105,017				88,344
			688,512				682,887				1,364,555				1,346,797
Less: Intersegment Revenue			(36,068	)			(31,744	)			(74,112	)			(67,010	)
Less: Joint Venture Revenue			(28,825	)			(28,907	)			(58,135	)			(56,030	)
		$	623,619			$	622,236			$	1,232,308			$	1,223,757

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2024				2023				2024				2023
		(dollars in thousands)
Intersegment Revenue
Cement		$	10,384			$	9,251			$	20,664			$	19,388
Concrete and Aggregates			4,050				3,783				7,827				6,821
Recycled Paperboard			21,634				18,710				45,621				40,801
		$	36,068			$	31,744			$	74,112			$	67,010
Cement Sales Volume (M tons)
Wholly Owned			1,848				1,959				3,615				3,807
Joint Venture			176				170				356				335
			2,024				2,129				3,971				4,142

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2024				2023				2024				2023
		(dollars in thousands)								(dollars in thousands)
Operating Earnings
Cement		$	115,933			$	121,429			$	205,058			$	195,490
Concrete and Aggregates			(995	)			4,640				1,985				11,674
Gypsum Wallboard			90,141				85,705				184,117				176,562
Recycled Paperboard			8,041				7,590				16,544				14,792
Sub-Total			213,120				219,364				407,704				398,518
Corporate General and Administrative Expense			(17,879	)			(16,576	)			(33,528	)			(28,255	)
Other Non-Operating Income			724				1,605				3,407				1,818
Earnings Before Interest and Income Taxes			195,965				204,393				377,583				372,081
Interest Expense, net			(10,714	)			(10,204	)			(21,398	)			(22,443	)
Earnings Before Income Taxes		$	185,251			$	194,189			$	356,185			$	349,638
Cement Operating Earnings
Wholly Owned		$	106,657			$	111,083			$	188,066			$	181,985
Joint Venture			9,276				10,346				16,992				13,505
		$	115,933			$	121,429			$	205,058			$	195,490
Capital Expenditures
Cement		$	47,981			$	14,487			$	66,775			$	26,757
Concrete and Aggregates			7,538				5,854				14,127				9,074
Gypsum Wallboard			4,085				5,452				7,365				16,480
Recycled Paperboard			4,555				2,597				8,116				5,865
Corporate and Other			2,318				1,064				3,222				7,277
		$	66,477			$	29,454			$	99,605			$	65,453
Depreciation, Depletion, and Amortization
Cement		$	22,907			$	22,187			$	45,824			$	43,866
Concrete and Aggregates			5,283				4,962				9,813				9,993
Gypsum Wallboard			6,451				5,548				12,924				11,009
Recycled Paperboard			3,669				3,708				7,359				7,427
Corporate and Other			767				792				1,507				1,584
		$	39,077			$	37,197			$	77,427			$	73,879

		September 30,				March 31,
		2024				2024
		(dollars in thousands)
Identifiable Assets
Cement		$	2,130,543			$	2,042,499
Concrete and Aggregates			269,410				225,485
Gypsum Wallboard			417,304				432,122
Recycled Paperboard			170,662				170,832
Other, net			133,884				76,081
		$	3,121,803			$	2,947,019

Segment Breakdown of Goodwill

The segment breakdown of Goodwill is as follows:

		September 30,				March 31,
		2024				2024
		(dollars in thousands)
Cement		$	227,639			$	227,639
Concrete and Aggregates			45,089				40,774
Gypsum Wallboard			116,618				116,618
Recycled Paperboard			7,538				7,538
		$	396,884			$	392,569

Summarized Financial Information for Joint Venture Unconsolidated

Summarized financial information for the Joint Venture that is not consolidated is set out below. This summarized financial information includes the total amount for the Joint Venture and not our 50% interest in those amounts:

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2024				2023				2024				2023
		(dollars in thousands)								(dollars in thousands)
Revenue		$	57,650			$	57,813			$	116,270			$	112,060
Gross Margin		$	20,370			$	23,509			$	36,794			$	32,047
Earnings Before Income Taxes		$	18,437			$	20,690			$	33,985			$	27,009

		September 30,				March 31,
		2024				2024
		(dollars in thousands)
Current Assets		$	124,109			$	111,164
Noncurrent Assets		$	184,289			$	158,618
Current Liabilities		$	42,864			$	27,994

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