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SEGMENT INFORMATION (Tables)

9 Months Ended

Dec. 31, 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 December 31,								For the Nine Months Ended December 31,
		2024				2023				2024				2023
		(dollars in thousands)
Revenue
Cement		$	295,400			$	308,654			$	987,342			$	998,437
Concrete and Aggregates			60,716				61,186				195,511				201,526
Gypsum Wallboard			209,493				200,969				642,294				629,299
Recycled Paperboard			56,158				47,053				161,175				135,397
			621,767				617,862				1,986,322				1,964,659
Less: Intersegment Revenue			(37,316	)			(32,346	)			(111,428	)			(99,356	)
Less: Joint Venture Revenue			(26,426	)			(26,683	)			(84,561	)			(82,713	)
		$	558,025			$	558,833			$	1,790,333			$	1,782,590

		For the Three Months Ended December 31,								For the Nine Months Ended December 31,
		2024				2023				2024				2023
		(dollars in thousands)
Intersegment Revenue
Cement		$	9,084			$	7,804			$	29,748			$	27,192
Concrete and Aggregates			4,311				3,414				12,138				10,235
Recycled Paperboard			23,921				21,128				69,542				61,929
		$	37,316			$	32,346			$	111,428			$	99,356
Cement Sales Volume (M tons)
Wholly Owned			1,541				1,663				5,156				5,470
Joint Venture			161				161				517				496
			1,702				1,824				5,673				5,966

		For the Three Months Ended December 31,								For the Nine Months Ended December 31,
		2024				2023				2024				2023
		(dollars in thousands)								(dollars in thousands)
Operating Earnings
Cement		$	86,763			$	105,566			$	291,821			$	301,056
Concrete and Aggregates			(1,397	)			1,760				588				13,434
Gypsum Wallboard			86,393				75,063				270,510				251,625
Recycled Paperboard			11,041				7,524				27,585				22,316
Sub-Total			182,800				189,913				590,504				588,431
Corporate General and Administrative Expense			(20,818	)			(14,201	)			(54,346	)			(42,456	)
Other Non-Operating Income (Loss)			1,381				1,019				4,788				2,837
Earnings Before Interest and Income Taxes			163,363				176,731				540,946				548,812
Interest Expense, net			(9,061	)			(10,128	)			(30,459	)			(32,571	)
Earnings Before Income Taxes		$	154,302			$	166,603			$	510,487			$	516,241
Cement Operating Earnings
Wholly Owned		$	81,776			$	96,281			$	269,842			$	278,266
Joint Venture			4,987				9,285				21,979				22,790
		$	86,763			$	105,566			$	291,821			$	301,056
Capital Expenditures
Cement		$	35,609			$	11,571			$	102,384			$	38,288
Concrete and Aggregates			4,668				1,207				18,795				10,281
Gypsum Wallboard			2,560				7,386				9,925				23,866
Recycled Paperboard			4,309				1,868				12,425				7,733
Corporate and Other			224				403				3,446				7,680
		$	47,370			$	22,435			$	146,975			$	87,848
Depreciation, Depletion, and Amortization
Cement		$	23,029			$	22,514			$	68,853			$	66,380
Concrete and Aggregates			5,261				4,857				15,074				14,850
Gypsum Wallboard			6,414				5,611				19,338				16,620
Recycled Paperboard			3,723				3,694				11,082				11,121
Corporate and Other			807				792				2,314				2,376
		$	39,234			$	37,468			$	116,661			$	111,347

		December 31,				March 31,
		2024				2024
		(dollars in thousands)
Identifiable Assets
Cement		$	2,115,736			$	2,042,499
Concrete and Aggregates			259,266				225,485
Gypsum Wallboard			409,056				432,122
Recycled Paperboard			168,690				170,832
Other, net			90,922				76,081
		$	3,043,670			$	2,947,019

Segment Breakdown of Goodwill

The segment breakdown of Goodwill is as follows:

		December 31,				March 31,
		2024				2024
		(dollars in thousands)
Cement		$	227,639			$	227,639
Concrete and Aggregates			46,534				40,774
Gypsum Wallboard			116,618				116,618
Recycled Paperboard			7,538				7,538
		$	398,329			$	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 December 31,								For the Nine Months Ended December 31,
		2024				2023				2024				2023
		(dollars in thousands)								(dollars in thousands)
Revenue		$	52,852			$	53,366			$	153,619			$	165,426
Gross Margin		$	12,483			$	19,465			$	45,948			$	51,512
Earnings Before Income Taxes		$	10,058			$	18,711			$	41,733			$	45,925

		December 31,				March 31,
		2024				2024
		(dollars in thousands)
Current Assets		$	117,957			$	111,164
Noncurrent Assets		$	206,037			$	158,618
Current Liabilities		$	47,579			$	27,994

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