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Revenues and Gross Profit (Tables)
6 Months Ended
Jun. 30, 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:

 

 

 

June 30, 2023

 

 

December 31, 2022

 

 

 

(Dollars in Millions)

 

Costs in excess of billings

 

$

22.3

 

 

$

5.1

 

Billings in excess of costs

 

$

6.9

 

 

$

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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

(Dollars in Millions)

 

Total revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Building Materials business:

 

 

 

 

 

 

 

 

 

 

 

 

Aggregates

 

$

1,151.4

 

 

$

1,057.6

 

 

$

2,063.3

 

 

$

1,814.2

 

Cement

 

 

197.7

 

 

 

162.5

 

 

 

366.2

 

 

 

300.8

 

Ready mixed concrete

 

 

271.4

 

 

 

226.6

 

 

 

491.3

 

 

 

517.8

 

Asphalt and paving services

 

 

240.9

 

 

 

215.7

 

 

 

298.8

 

 

 

272.5

 

Less: interproduct revenues

 

 

(121.1

)

 

 

(102.4

)

 

 

(208.6

)

 

 

(191.5

)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Building Materials business:

 

 

 

 

 

 

 

 

 

 

 

 

Aggregates

 

$

370.9

 

 

$

307.3

 

 

$

608.9

 

 

$

410.0

 

Cement

 

 

93.3

 

 

 

50.7

 

 

 

140.4

 

 

 

77.5

 

Ready mixed concrete

 

 

35.4

 

 

 

14.6

 

 

 

46.6

 

 

 

36.6

 

Asphalt and paving services

 

 

36.5

 

 

 

26.5

 

 

 

16.0

 

 

 

13.4

 

Total Building Materials business

 

 

536.1

 

 

 

399.1

 

 

 

811.9

 

 

 

537.5

 

Magnesia Specialties

 

 

27.7

 

 

 

24.5

 

 

 

52.7

 

 

 

50.2

 

Corporate

 

 

(3.4

)

 

 

1.6

 

 

 

(1.4

)

 

 

(6.4

)

Total

 

$

560.4

 

 

$

425.2

 

 

$

863.2

 

 

$

581.3