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Reportable Segment Information
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Reportable Segment Information Reportable Segment Information
Our reportable segments are the same as our operating segments and correspond with how our chief operating decision maker, or decision-making group (our “CODM”), regularly reviews financial information to allocate resources and assess performance. We identified our CODM as our Chief Executive Officer and our Chief Operating Officer. Our reportable segments are: Construction and Materials.
Summarized segment information is as follows (in thousands):
Three months ended September 30,ConstructionMaterialsTotal
2024
Total revenue from reportable segments$1,080,705 $297,398 $1,378,103 
Elimination of intersegment revenue— (102,593)(102,593)
Revenue from external customers$1,080,705 $194,805 $1,275,510 
Gross profit$170,685 $32,264 $202,949 
Depreciation, depletion and amortization$16,979 $11,685 $28,664 
2023
Total revenue from reportable segments$945,698 $245,060 $1,190,758 
Elimination of intersegment revenue— (73,938)(73,938)
Revenue from external customers$945,698 $171,122 $1,116,820 
Gross profit$137,162 $29,481 $166,643 
Depreciation, depletion and amortization$11,239 $7,431 $18,670 
Nine Months Ended September 30,ConstructionMaterialsTotal
2024
Total revenue from reportable segments$2,593,872 $625,570 $3,219,442 
Elimination of intersegment revenue— (189,171)(189,171)
Revenue from external customers$2,593,872 $436,399 $3,030,271 
Gross profit$362,885 $59,060 $421,945 
Depreciation, depletion and amortization$44,183 $33,079 $77,262 
Segment assets as of period end$604,257 $646,654 $1,250,911 
2023
Total revenue from reportable segments$2,198,527 $523,813 $2,722,340 
Elimination of intersegment revenue— (146,900)(146,900)
Revenue from external customers$2,198,527 $376,913 $2,575,440 
Gross profit$253,021 $49,067 $302,088 
Depreciation, depletion and amortization$31,232 $20,644 $51,876 
Segment assets as of period end$449,354 $421,766 $871,120 
A reconciliation of segment gross profit to consolidated income before income taxes is as follows:
Three Months Ended September 30,Nine Months Ended
September 30,
(in thousands)2024202320242023
Total gross profit from reportable segments$202,949 $166,643 $421,945 $302,088 
Selling, general and administrative expenses91,650 74,794 249,695 212,479 
Other costs, net8,543 19,843 29,778 37,973 
Gain on sales of property and equipment, net(1,542)(1,812)(4,347)(7,793)
Total other (income) expense, net(5,148)(6,101)16,791 29,573 
Income before income taxes$109,446 $79,919 $130,028 $29,856