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Revenues and Gross Profit (Tables)
3 Months Ended
Mar. 31, 2023
Revenues And Gross Profit [Abstract]  
Summary of Information About the Company's Contract Balances The following table presents information about the Company’s contract balances:

 

 

 

March 31, 2023

 

 

December 31, 2022

 

 

 

(Dollars in Millions)

 

Costs in excess of billings

 

$

4.9

 

 

$

5.1

 

Billings in excess of costs

 

$

7.5

 

 

$

10.5

 

 

Total Revenues and Gross Profit (Loss) by Product Line

The following table, which is reconciled to consolidated amounts, provides total revenues and gross profit (loss) by line of business: Building Materials (further divided by product line) and Magnesia Specialties. Interproduct revenues represent sales from the aggregates product line to the ready mixed concrete and asphalt and paving product lines and sales from the cement product line to the ready mixed concrete product line. Total revenues and gross profit (loss) reflect continuing operations only.

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

 

 

2023

 

 

2022

 

 

 

 

(Dollars in Millions)

Total revenues:

 

 

 

 

 

 

 

Building Materials business:

 

 

 

 

 

 

 

Aggregates

 

$

911.9

 

 

$

756.6

 

 

Cement

 

 

168.6

 

 

 

138.3

 

 

Ready mixed concrete

 

 

220.0

 

 

 

291.1

 

 

Asphalt and paving services

 

 

58.0

 

 

 

56.8

 

 

Less: interproduct revenues

 

 

(87.8

)

 

 

(89.0

)

 

Total Building Materials business

 

 

1,270.7

 

 

 

1,153.8

 

 

Magnesia Specialties

 

 

83.4

 

 

 

77.0

 

 

Total

 

$

1,354.1

 

 

$

1,230.8

 

 

 

 

 

 

 

 

 

 

Gross profit (loss):

 

 

 

 

 

 

 

Building Materials business:

 

 

 

 

 

 

 

Aggregates

 

$

238.1

 

 

$

102.8

 

 

Cement

 

 

47.1

 

 

 

26.9

 

 

Ready mixed concrete

 

 

11.2

 

 

 

21.9

 

 

Asphalt and paving services

 

 

(20.5

)

 

 

(13.2

)

 

Total Building Materials business

 

 

275.9

 

 

 

138.4

 

 

Magnesia Specialties

 

 

25.0

 

 

 

25.6

 

 

Corporate

 

 

1.9

 

 

 

(7.9

)

 

Total

 

$

302.8

 

 

$

156.1