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Business Segments (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Financial Data for Continuing Operation For Corporation's Reportable Business Segments

The following tables display selected financial data for continuing operations for the Corporation’s reportable business segments. Total revenues and net sales in the table below, as well as the consolidated statements of earnings and comprehensive earnings, exclude intersegment sales, which are eliminated.  

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2016

 

 

2015

 

 

 

(Dollars in Thousands)

 

Total revenues:

 

 

 

 

 

 

 

 

Mid-America Group

 

$

186,347

 

 

$

140,834

 

Southeast Group

 

 

71,671

 

 

 

64,678

 

West Group

 

 

392,995

 

 

 

320,571

 

Total Aggregates Business

 

 

651,013

 

 

 

526,083

 

Cement

 

 

73,551

 

 

 

102,100

 

Magnesia Specialties

 

 

64,170

 

 

 

63,164

 

Total

 

$

788,734

 

 

$

691,347

 

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

Mid-America Group

 

$

173,372

 

 

$

129,705

 

Southeast Group

 

 

67,284

 

 

 

59,770

 

West Group

 

 

363,926

 

 

 

287,082

 

Total Aggregates Business

 

 

604,582

 

 

 

476,557

 

Cement

 

 

69,873

 

 

 

96,565

 

Magnesia Specialties

 

 

59,505

 

 

 

58,754

 

Total

 

$

733,960

 

 

$

631,876

 

 

 

 

 

 

 

 

 

 

Earnings (Loss) from operations:

 

 

 

 

 

 

 

 

Mid-America Group

 

$

14,424

 

 

$

(4,203

)

Southeast Group

 

 

6,971

 

 

 

(1,548

)

West Group

 

 

38,797

 

 

 

14,499

 

Total Aggregates Business

 

 

60,192

 

 

 

8,748

 

Cement

 

 

26,316

 

 

 

12,229

 

Magnesia Specialties

 

 

20,563

 

 

 

17,789

 

Corporate

 

 

(23,302

)

 

 

(13,195

)

Total

 

$

83,769

 

 

$

25,571

 

 

Net Sales By Product Line

The Aggregates business includes the aggregates product line and aggregates-related downstream product lines, which include asphalt, ready mixed concrete and road paving product lines. All aggregates-related downstream product lines reside in the West Group. The following tables, which are reconciled to consolidated amounts, provide net sales and gross profit by line of business: Aggregates (further divided by product line), Cement and Magnesia Specialties.

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2016

 

 

2015

 

 

 

(Dollars in Thousands)

 

Net sales:

 

 

 

 

 

 

 

 

Aggregates

 

$

406,439

 

 

$

332,214

 

Asphalt

 

 

3,875

 

 

 

9,645

 

Ready Mixed Concrete

 

 

186,785

 

 

 

127,572

 

Road Paving

 

 

7,483

 

 

 

7,126

 

Total Aggregates Business

 

 

604,582

 

 

 

476,557

 

Cement

 

 

69,873

 

 

 

96,565

 

Magnesia Specialties

 

 

59,505

 

 

 

58,754

 

Total

 

$

733,960

 

 

$

631,876

 

 

 

 

 

 

 

 

 

 

Gross profit (loss):

 

 

 

 

 

 

 

 

Aggregates

 

$

81,083

 

 

$

41,417

 

Asphalt

 

 

(2,269

)

 

 

(1,463

)

Ready Mixed Concrete

 

 

18,086

 

 

 

2,084

 

Road Paving

 

 

(3,894

)

 

 

(3,311

)

Total Aggregates Business

 

 

93,006

 

 

 

38,727

 

Cement

 

 

32,556

 

 

 

18,985

 

Magnesia Specialties

 

 

22,970

 

 

 

20,178

 

Corporate

 

 

(3,898

)

 

 

(3,629

)

Total

 

$

144,634

 

 

$

74,261