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Reportable Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Summarized segment information is as follows (in thousands):

Three months ended September 30,			Construction						Materials						Total
2025
Total revenue from reportable segments			$	1,162,513					$	376,559					$	1,539,072
Elimination of intersegment revenue			—						(105,574)						(105,574)
Revenue			1,162,513						270,985						1,433,498
Cost of revenue			970,167						202,783						1,172,950
Gross profit			192,346						68,202						260,548
Selling, general and administrative expenses			52,390						9,974						62,364
(Gain) loss on sales of property and equipment, net			(2,298)						1,156						(1,142)
Operating income from reportable segments			$	142,254					$	57,072					$	199,326
Depreciation, depletion and amortization			$	27,935					$	18,894					$	46,829
2024
Total revenue from reportable segments			$	1,080,705					$	297,398					$	1,378,103
Elimination of intersegment revenue			—						(102,593)						(102,593)
Revenue			1,080,705						194,805						1,275,510
Cost of revenue			910,020						162,541						1,072,561
Gross profit			170,685						32,264						202,949
Selling, general and administrative expenses			47,526						8,117						55,643
Gain on sales of property and equipment, net			(1,424)						(66)						(1,490)
Operating income from reportable segments			$	124,583					$	24,213					$	148,796
Depreciation, depletion and amortization			$	16,979					$	11,685					$	28,664

Nine Months Ended September 30,			Construction						Materials						Total
2025
Total revenue from reportable segments			$	2,714,557					$	733,995					$	3,448,552
Elimination of intersegment revenue			—						(189,543)						(189,543)
Revenue			2,714,557						544,452						3,259,009
Cost of revenue			2,283,107						432,406						2,715,513
Gross profit			431,450						112,046						543,496
Selling, general and administrative expenses			163,040						24,541						187,581
Gain on sales of property and equipment, net			(4,826)						(974)						(5,800)
Operating income from reportable segments			$	273,236					$	88,479					$	361,715
Depreciation, depletion and amortization			$	61,610					$	46,722					$	108,332
Segment assets as of period end			$	716,082					$	1,326,266					$	2,042,348
2024
Total revenue from reportable segments			$	2,593,872					$	625,570					$	3,219,442
Elimination of intersegment revenue			—						(189,171)						(189,171)
Revenue			2,593,872						436,399						3,030,271
Cost of revenue			2,230,987						377,339						2,608,326
Gross profit			362,885						59,060						421,945
Selling, general and administrative expenses			137,701						18,401						156,102
Gain on sales of property and equipment, net			(4,405)						(628)						(5,033)
Operating income from reportable segments			$	229,589					$	41,287					$	270,876
Depreciation, depletion and amortization			$	44,183					$	33,079					$	77,262
Segment assets as of period end			$	604,257					$	646,654					$	1,250,911

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 September 30,												Nine Months Ended September 30,
(in thousands)			2025						2024						2025						2024
Total operating income from reportable segments			$	199,326					$	148,796					$	361,715					$	270,876
Corporate selling, general and administrative expenses			39,281						36,007						115,862						93,593
Corporate (gain) loss on sales of property and equipment, net			375						(52)						(310)						686
Other costs, net			16,019						8,543						38,698						29,778
Total operating income			143,651						104,298						207,465						146,819
Total other (income) expense, net			(3,874)						(5,148)						(7,536)						16,791
Income before income taxes			$	147,525					$	109,446					$	215,001					$	130,028

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
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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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