Reportable Segment

9 Months Ended

Sep. 30, 2024

Reportable Segment

Reportable Segment

4. Reportable Segment

The Company has identified one reportable segment based on the distinctness of the Company’s activities and products: lime and limestone operations. All operations are in the United States. In evaluating the operating results of the Company, management primarily reviews revenues, gross profit, and operating profit from the lime and limestone operations. Operating profit from the Company’s lime and limestone operations includes all of the Company’s selling, general and administrative costs. The Company does not allocate interest income and expense and other expense to its lime and limestone operations. Other identifiable assets include assets related to the Company’s natural gas interests, unallocated corporate assets, and cash items.

Operating results and certain other financial data for the three- and nine-month periods ended September 30, 2024 and 2023 for the Company’s lime and limestone operations segment and other are as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
Revenues	2024		2023		2024		2023
Lime and limestone operations	$	89,212	$	74,582	$	236,936	$	214,808
Other		215		296		723		830
Total revenues	$	89,427	$	74,878	$	237,659	$	215,638
Depreciation, depletion and amortization
Lime and limestone operations	$	5,905	$	5,763	$	17,518	$	17,179
Other		127		133		377		385
Total depreciation, depletion and amortization	$	6,032	$	5,896	$	17,895	$	17,564
Gross profit (loss)
Lime and limestone operations	$	43,179	$	28,160	$	108,690	$	79,339
Other		(66)		(5)		(148)		(61)
Total gross profit	$	43,113	$	28,155	$	108,542	$	79,278
Operating profit (loss)
Lime and limestone operations	$	38,204	$	23,807	$	93,993	$	66,523
Other		(67)		(7)		(157)		(71)
Total operating profit	$	38,137	$	23,800	$	93,836	$	66,452
Identifiable assets, at period end
Lime and limestone operations	$	263,214	$	244,039	$	263,214	$	244,039
Other		258,545		180,016		258,545		180,016
Total identifiable assets	$	521,759	$	424,055	$	521,759	$	424,055
Capital expenditures
Lime and limestone operations	$	9,547	$	15,090	$	16,371	$	20,541
Other		—		—		—		—
Total capital expenditures	$	9,547	$	15,090	$	16,371	$	20,541