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Segments (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Financial Data for Continuing Operation for Company's Reportable Business Segments

The following table displays selected financial data for the Company’s reportable segments. Total revenues, as presented on the consolidated statements of earnings and comprehensive earnings, reflect the elimination of intersegment revenues, which represent sales from one segment to another segment. Total revenues and earnings (loss) from operations reflect continuing operations only. In 2022, earnings from operations for the West Group included a nonrecurring gain on divested assets of $151.7 million.

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

(Dollars in Millions)

 

Total revenues:

 

 

 

 

 

 

 

 

 

 

 

 

East Group

 

$

735.1

 

 

$

674.5

 

 

$

1,264.7

 

 

$

1,093.3

 

West Group

 

 

1,005.2

 

 

 

885.5

 

 

 

1,746.3

 

 

 

1,620.5

 

Total Building Materials business

 

 

1,740.3

 

 

 

1,560.0

 

 

 

3,011.0

 

 

 

2,713.8

 

Magnesia Specialties

 

 

80.5

 

 

 

81.7

 

 

 

163.9

 

 

 

158.7

 

Total

 

$

1,820.8

 

 

$

1,641.7

 

 

$

3,174.9

 

 

$

2,872.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Loss) from operations:

 

 

 

 

 

 

 

 

 

 

 

 

East Group

 

$

227.5

 

 

$

210.6

 

 

$

336.4

 

 

$

238.5

 

West Group

 

 

239.6

 

 

 

274.5

 

 

 

334.3

 

 

 

317.6

 

Total Building Materials business

 

 

467.1

 

 

 

485.1

 

 

 

670.7

 

 

 

556.1

 

Magnesia Specialties

 

 

23.3

 

 

 

20.3

 

 

 

43.9

 

 

 

41.8

 

Corporate

 

 

(27.1

)

 

 

(26.8

)

 

 

(55.3

)

 

 

(59.5

)

Total

 

$

463.3

 

 

$

478.6

 

 

$

659.3

 

 

$

538.4