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Reportable Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Summarized segment information is as follows (in thousands):
Three Months Ended March 31, | Construction |  | Materials |  | Total
2025 |  |  |  |  |
Total revenue from reportable segments | $ | 614,618 |  | $ | 105,580 |  | $ | 720,198
Elimination of intersegment revenue | — |  | (20,651) |  | (20,651)
Revenue | 614,618 |  | 84,929 |  | 699,547
Cost of revenue | 529,180 |  | 86,518 |  | 615,698
Gross profit (loss) | 85,438 |  | (1,589) |  | 83,849
Selling, general and administrative expenses | 62,327 |  | 8,545 |  | 70,872
Gain on sales of property and equipment, net | (1,849) |  | (69) |  | (1,918)
Operating income (loss) from reportable segments | $ | 24,960 |  | $ | (10,065) |  | $ | 14,895
Depreciation, depletion and amortization | $ | 14,452 |  | $ | 13,555 |  | $ | 28,007
Segment assets as of period end | $ | 613,882 |  | $ | 698,718 |  | $ | 1,312,600
2024 |  |  |  |  |
Total revenue from reportable segments | $ | 595,213 |  | $ | 88,704 |  | $ | 683,917
Elimination of intersegment revenue | — |  | (11,642) |  | (11,642)
Revenue | 595,213 |  | 77,062 |  | 672,275
Cost of revenue | 538,385 |  | 79,605 |  | 617,990
Gross profit (loss) | 56,828 |  | (2,543) |  | 54,285
Selling, general and administrative expenses | 48,824 |  | 5,142 |  | 53,966
Gain on sales of property and equipment, net | (1,222) |  | (528) |  | (1,750)
Operating income (loss) from reportable segments | $ | 9,226 |  | $ | (7,157) |  | $ | 2,069
Depreciation, depletion and amortization | $ | 13,703 |  | $ | 10,477 |  | $ | 24,180
Segment assets as of period end | $ | 594,437 |  | $ | 562,581 |  | $ | 1,157,018
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | A reconciliation of operating income from reportable segments to consolidated loss before income taxes is as follows:
| Three Months Ended March 31, |  |
(in thousands) | 2025 |  | 2024 |  |  |  |
Total operating income from reportable segments | $ | 14,895 |  |  | $ | 2,069 |  |  |  |  |
Corporate selling, general and administrative expenses | 45,039 |  |  | 34,027 |  |  |  |  |
Corporate loss on sales of property and equipment, net | 181 |  |  | 332 |  |  |  |  |
Other costs, net | 9,426 |  |  | 11,010 |  |  |  |  |
Total operating loss | (39,751) |  |  | (43,300) |  |  |  |  |
Total other (income) expense, net | 332 |  |  | (4,332) |  |  |  |  |
Loss before income taxes | $ | (40,083) |  |  | $ | (38,968) |  |  |  |  |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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