XML 39 R14.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company's operating segments are identified on the basis of information that is reviewed by our chief operating decision maker, the Chief Executive Officer, to make decisions about resources to be allocated and assess its performance. The Company reports operating results in three principal business segments: Construction Products. The Construction Products segment primarily produces and sells natural and recycled aggregates, specialty materials, asphalt mix, and construction site support equipment, including trench shields and shoring products. Engineered Structures. The Engineered Structures segment primarily manufactures and sells steel and concrete structures for infrastructure businesses, including utility structures for electricity transmission and distribution, structural wind towers, traffic and lighting structures, and telecommunication structures. These products share similar manufacturing competencies and steel sourcing requirements and can be manufactured across our North American footprint. Historically, the segment manufactured storage and distribution tanks. In October 2022, the Company completed the divestiture of its storage tanks business. See Note 2 Acquisitions and Divestitures. Transportation Products. The Transportation Products segment primarily manufactures and sells inland barges, fiberglass barge covers, winches, marine hardware and other transportation and industrial equipment. In August 2024, the Company completed the sale of its steel components business, which manufactured and sold steel components for railcars. See Note 2 Acquisitions and Divestitures. The financial information for these segments is shown in the tables below. We operate principally in North America. Year Ended December 31, 2024
| Construction Products |  | Engineered Structures |  | Transportation Products |  | Corporate |  | Eliminations |  | Consolidated
Revenues | $ | 1,105.1 |  |  | $ | 1,047.3 |  |  | $ | 417.6 |  |  | $ | — |  |  | $ | (0.1) |  |  | $ | 2,569.9 |
Operating Costs |  |  |  |  |  |  |  |  |  |  |
Cost of revenues | 864.0 |  |  | 847.5 |  |  | 343.3 |  |  | — |  |  | (0.1) |  |  | 2,054.7 |
Selling, general, and administrative | 116.2 |  |  | 88.4 |  |  | 22.5 |  |  | 92.9 |  |  | — |  |  | 320.0 |
Gain on disposition of property, plant, equipment, and other assets | (9.8) |  |  | (0.5) |  |  | — |  |  | — |  |  | — |  |  | (10.3) |
(Gain) loss on sale of businesses | (5.0) |  |  | (14.5) |  |  | 21.6 |  |  | — |  |  | — |  |  | 2.1 |
Impairment charge | 5.8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5.8 |
Operating profit (loss) | $ | 133.9 |  |  | $ | 126.4 |  |  | $ | 30.2 |  |  | $ | (92.9) |  |  | $ | — |  |  | $ | 197.6 |
Depreciation, depletion, and amortization | $ | 134.7 |  |  | $ | 45.4 |  |  | $ | 12.6 |  |  | $ | 2.3 |  |  | $ | — |  |  | $ | 195.0 |
Assets | $ | 3,304.9 |  |  | $ | 1,191.5 |  |  | $ | 149.6 |  |  | $ | 269.5 |  |  | $ | — |  |  | $ | 4,915.5 |
Capital Expenditures | $ | 111.7 |  |  | $ | 64.4 |  |  | $ | 11.0 |  |  | $ | 2.6 |  |  | $ | — |  |  | $ | 189.7 |
Year Ended December 31, 2023
| Construction Products |  | Engineered Structures |  | Transportation Products |  | Corporate |  | Eliminations |  | Consolidated
Revenues | $ | 1,001.3 |  |  | $ | 873.5 |  |  | $ | 433.5 |  |  | $ | — |  |  | $ | (0.4) |  |  | $ | 2,307.9 |
Operating Costs |  |  |  |  |  |  |  |  |  |  |
Cost of revenues | 783.9 |  |  | 718.3 |  |  | 362.3 |  |  | — |  |  | (0.4) |  |  | 1,864.1 |
Selling, general, and administrative | 107.0 |  |  | 65.9 |  |  | 25.4 |  |  | 62.8 |  |  | — |  |  | 261.1 |
Gain on disposition of property, plant, equipment, and other assets | (28.2) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (28.2) |
Gain on sale of storage tanks business | — |  | (6.4) |  | — |  | — |  |  | — |  |  | (6.4) |
Operating profit (loss) | $ | 138.6 |  |  | $ | 95.7 |  |  | $ | 45.8 |  |  | $ | (62.8) |  |  | $ | — |  |  | $ | 217.3 |
Depreciation, depletion, and amortization | $ | 111.7 |  |  | $ | 26.6 |  |  | $ | 16.0 |  |  | $ | 5.2 |  |  | $ | — |  |  | $ | 159.5 |
Assets | $ | 2,043.1 |  |  | $ | 1,063.4 |  |  | $ | 308.2 |  |  | $ | 163.2 |  |  | $ | — |  |  | $ | 3,577.9 |
Capital Expenditures | $ | 89.9 |  |  | $ | 97.8 |  |  | $ | 13.9 |  |  | $ | 1.9 |  |  | $ | — |  |  | $ | 203.5 |
Year Ended December 31, 2022
| Construction Products |  | Engineered Structures |  | Transportation Products |  | Corporate |  | Eliminations |  | Consolidated
Revenues | $ | 923.5 |  |  | $ | 1,002.0 |  |  | $ | 317.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,242.8 |
Operating Costs |  |  |  |  |  |  |  |  |  |  |
Cost of revenues | 736.3 |  |  | 812.4 |  |  | 283.0 |  |  | — |  |  | — |  |  | 1,831.7 |
Selling, general, and administrative | 100.4 |  |  | 73.6 |  |  | 22.8 |  |  | 66.0 |  |  | — |  |  | 262.8 |
Gain on disposition of property, plant, equipment, and other assets | (9.7) |  |  | (2.0) |  |  | — |  |  | — |  |  | — |  |  | (11.7) |
Gain on sale of storage tanks business | — |  |  | (189.0) |  |  | — |  |  | — |  |  | — |  |  | (189.0) |
Operating profit (loss) | $ | 96.5 |  |  | $ | 307.0 |  |  | $ | 11.5 |  |  | $ | (66.0) |  |  | $ | — |  |  | $ | 349.0 |
Depreciation, depletion, and amortization | $ | 102.7 |  |  | $ | 30.5 |  |  | $ | 15.8 |  |  | $ | 5.1 |  |  | $ | — |  |  | $ | 154.1 |
Assets | $ | 1,895.7 |  |  | $ | 956.1 |  |  | $ | 264.0 |  |  | $ | 224.8 |  |  | $ | — |  |  | $ | 3,340.6 |
Capital Expenditures | $ | 84.6 |  |  | $ | 44.5 |  |  | $ | 8.8 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 138.0 |
Corporate assets are composed of cash and cash equivalents, certain property, plant, and equipment, and other assets. Capital expenditures exclude amounts paid for business acquisitions, but include amounts paid for the acquisition of land and reserves in our Construction Products segment. Revenues from one customer included in the Engineered Structures segment constituted 10.8%, 8.1%, and 9.3% of consolidated revenues for the years ended December 31, 2024, 2023, and 2022, respectively. Revenues and operating profit (loss) for our U.S. and foreign operations for the years ended December 31, 2024, 2023, and 2022 are presented below. Our primary foreign operations are in Mexico, while Canadian operations are not significant in relation to the Consolidated Financial Statements. The decreases in foreign operations revenue from 2022 to 2023 are largely due to the sale of the storage tanks business. The operating profits presented below exclude the gain on sale of the storage tanks business. See Note 2 Acquisitions and Divestitures.
| Year Ended December 31, |  |
| 2024 |  | 2023 |  | 2022 |  |  |  |  |  |
| (in millions)
U.S.: |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |
External | $ | 2,556.2 |  |  | $ | 2,271.5 |  |  | $ | 2,159.8 |  |  |  |  |  |  |
Intercompany | 47.6 |  |  | 40.5 |  |  | 25.0 |  |  |  |  |  |  |
| $ | 2,603.8 |  |  | $ | 2,312.0 |  |  | $ | 2,184.8 |  |  |  |  |  |  |
Operating profit (loss) | $ | 191.8 |  |  | $ | 208.5 |  |  | $ | 153.9 |  |  |  |  |  |  |
Foreign operations: |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |
External | $ | 13.7 |  |  | $ | 36.4 |  |  | $ | 83.0 |  |  |  |  |  |  |
Intercompany | 77.8 |  |  | 62.4 |  |  | 116.1 |  |  |  |  |  |  |
| $ | 91.5 |  |  | $ | 98.8 |  |  | $ | 199.1 |  |  |  |  |  |  |
Operating profit (loss) | $ | (1.1) |  |  | $ | 2.4 |  |  | $ | 6.1 |  |  |  |  |  |  |
Total assets and long-lived assets for our U.S. and foreign operations as of December 31, 2024 and 2023 are presented below:
| Total Assets |  | Long-Lived Assets
| December 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in millions)
U.S. | $ | 4,762.6 |  |  | $ | 3,423.4 |  |  | $ | 2,024.9 |  |  | $ | 1,241.2 |
Foreign operations | $ | 152.9 |  |  | $ | 154.5 |  |  | $ | 104.5 |  |  | $ | 95.1 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration