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Reportable Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Reportable Segment Information Reportable Segment Information
We manage our operations under two reportable segments, Construction and Materials, which are distinguished by differences in business activities. 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 CODM evaluates segment performance and makes business decisions based on operating income, which excludes non-operating income or expense. Segment assets include property and equipment, intangibles, goodwill, inventory and equity in construction joint ventures.
Summarized segment information is as follows (in thousands):
Three Months Ended March 31,ConstructionMaterialsTotal
2025
Total revenue from reportable segments$614,618$105,580$720,198
Elimination of intersegment revenue—(20,651)(20,651)
Revenue614,61884,929699,547
Cost of revenue529,18086,518615,698
Gross profit (loss)85,438(1,589)83,849
Selling, general and administrative expenses62,3278,54570,872
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)
Revenue595,21377,062672,275
Cost of revenue538,38579,605617,990
Gross profit (loss)56,828(2,543)54,285
Selling, general and administrative expenses48,8245,14253,966
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
A reconciliation of operating income from reportable segments to consolidated loss before income taxes is as follows:
Three Months Ended
March 31,
(in thousands)20252024
Total operating income from reportable segments$14,895 $2,069 
Corporate selling, general and administrative expenses45,039 34,027 
Corporate loss on sales of property and equipment, net181 332 
Other costs, net9,426 11,010 
Total operating loss(39,751)(43,300)
Total other (income) expense, net332 (4,332)
Loss before income taxes$(40,083)$(38,968)