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Reportable Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Summarized segment information is as follows (in thousands):

Three months ended June 30,			Construction						Materials						Total
2025
Total revenue from reportable segments			$	937,426					$	251,856					$	1,189,282
Elimination of intersegment revenue			—						(63,318)						(63,318)
Revenue			937,426						188,538						1,125,964
Cost of revenue			783,760						143,105						926,865
Gross profit			153,666						45,433						199,099
Selling, general and administrative expenses			48,323						6,022						54,345
Gain on sales of property and equipment, net			(679)						(2,061)						(2,740)
Operating income from reportable segments			$	106,022					$	41,472					$	147,494
Depreciation, depletion and amortization			$	19,223					$	14,273					$	33,496
2024
Total revenue from reportable segments			$	917,954					$	239,468					$	1,157,422
Elimination of intersegment revenue			—						(74,936)						(74,936)
Revenue			917,954						164,532						1,082,486
Cost of revenue			782,582						135,193						917,775
Gross profit			135,372						29,339						164,711
Selling, general and administrative expenses			41,351						5,142						46,493
Gain on sales of property and equipment, net			(1,759)						(34)						(1,793)
Operating income from reportable segments			$	95,780					$	24,231					$	120,011
Depreciation, depletion and amortization			$	13,501					$	10,917					$	24,418

Six Months Ended June 30,			Construction						Materials						Total
2025
Total revenue from reportable segments			$	1,552,044					$	357,436					$	1,909,480
Elimination of intersegment revenue			—						(83,969)						(83,969)
Revenue			1,552,044						273,467						1,825,511
Cost of revenue			1,312,940						229,623						1,542,563
Gross profit			239,104						43,844						282,948
Selling, general and administrative expenses			110,650						14,567						125,217
Gain on sales of property and equipment, net			(2,528)						(2,130)						(4,658)
Operating income from reportable segments			$	130,982					$	31,407					$	162,389
Depreciation, depletion and amortization			$	33,675					$	27,828					$	61,503
Segment assets as of period end			$	615,962					$	687,175					$	1,303,137
2024
Total revenue from reportable segments			$	1,513,167					$	328,172					$	1,841,339
Elimination of intersegment revenue			—						(86,578)						(86,578)
Revenue			1,513,167						241,594						1,754,761
Cost of revenue			1,320,967						214,798						1,535,765
Gross profit			192,200						26,796						218,996
Selling, general and administrative expenses			90,175						10,284						100,459
Gain on sales of property and equipment, net			(2,981)						(562)						(3,543)
Operating income from reportable segments			$	105,006					$	17,074					$	122,080
Depreciation, depletion and amortization			$	27,204					$	21,394					$	48,598
Segment assets as of period end			$	565,222					$	570,908					$	1,136,130

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

A reconciliation of operating income from reportable segments to consolidated income before income taxes is as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
(in thousands)			2025						2024						2025						2024
Total operating income from reportable segments			$	147,494					$	120,011					$	162,389					$	122,080
Corporate selling, general and administrative expenses			31,542						23,559						76,581						57,586
Corporate (gain) loss on sales of property and equipment, net			(866)						406						(685)						738
Other costs, net			13,253						10,225						22,679						21,235
Total operating income			103,565						85,821						63,814						42,521
Total other (income) expense, net			(3,994)						26,271						$	(3,662)					$	21,939
Income before income taxes			$	107,559					$	59,550					$	67,476					$	20,582

X

- 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

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-Name Accounting Standards Codification
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-Section 50
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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.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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