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Revenues and Gross Profit (Tables)
12 Months Ended
Dec. 31, 2023
Revenues And Gross Profit [Abstract]  
Total Revenues and Gross Profit (Loss) by Product Line

The following tables, which are reconciled to consolidated amounts, provide 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.

 

years ended December 31
(in millions)
Total revenues

 

2023

 

 

2022

 

 

2021

 

Building Materials business:

 

 

 

 

 

 

 

 

 

Aggregates

 

$

4,301.6

 

 

$

3,879.0

 

 

$

3,344.3

 

Cement

 

 

725.5

 

 

 

620.0

 

 

 

509.3

 

Ready mixed concrete

 

 

1,009.3

 

 

 

953.2

 

 

 

1,147.5

 

Asphalt and paving

 

 

887.1

 

 

 

787.9

 

 

 

517.9

 

Less: interproduct revenues

 

 

(461.7

)

 

 

(383.4

)

 

 

(403.7

)

Total Building Materials business

 

 

6,461.8

 

 

 

5,856.7

 

 

 

5,115.3

 

Magnesia Specialties

 

 

315.4

 

 

 

304.0

 

 

 

298.7

 

Consolidated total revenues

 

$

6,777.2

 

 

$

6,160.7

 

 

$

5,414.0

 

 

 

 

 

 

 

 

 

 

 

years ended December 31
(in millions)
Gross profit (loss)

 

2023

 

 

2022

 

 

2021

 

Building Materials business:

 

 

 

 

 

 

 

 

 

Aggregates

 

$

1,378.1

 

 

$

983.8

 

 

$

907.6

 

Cement

 

 

333.6

 

 

 

202.7

 

 

 

155.9

 

Ready mixed concrete

 

 

102.0

 

 

 

70.7

 

 

 

96.5

 

Asphalt and paving

 

 

109.0

 

 

 

81.0

 

 

 

79.9

 

Total Building Materials business

 

 

1,922.7

 

 

 

1,338.2

 

 

 

1,239.9

 

Magnesia Specialties:

 

 

97.1

 

 

 

90.9

 

 

 

106.5

 

Corporate

 

 

2.8

 

 

 

(5.8

)

 

 

2.0

 

Consolidated gross profit

 

$

2,022.6

 

 

$

1,423.3

 

 

$

1,348.4

 

Domestic and Foreign Total Revenues

Domestic and foreign total revenues are as follows:

 

years ended December 31
(in millions)

 

2023

 

 

2022

 

 

2021

 

Domestic

 

$

6,707.2

 

 

$

6,077.6

 

 

$

5,338.5

 

Foreign

 

 

70.0

 

 

 

83.1

 

 

 

75.5

 

Consolidated total revenues

 

$

6,777.2

 

 

$

6,160.7

 

 

$

5,414.0

 

Summary of Information About the Company's Contract Balances The following table presents information about the Company’s contract balances:

 

December 31

 

 

 

 

 

 

(in millions)

 

2023

 

 

2022

 

Costs in excess of billings

 

$

5.3

 

 

$

5.1

 

Billings in excess of costs

 

$

10.3

 

 

$

10.5