ACQUISITIONS AND DIVESTITURES |
3 Months Ended |
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Mar. 31, 2024 | |
Business Combination and Asset Acquisition [Abstract] | |
ACQUISITIONS AND DIVESTITURES | ACQUISITIONS AND DIVESTITURES BUSINESS ACQUISITIONS 2024 BUSINESS ACQUISITIONS — Through the three months ended March 31, 2024, we acquired the following operations for total cash consideration of $12.3 million: ▪North Carolina – aggregates operations Subsequent to quarter end, in April 2024 we acquired aggregates and asphalt operations in Alabama using existing cash on hand. 2023 BUSINESS ACQUISITIONS — For the full year 2023, we completed no business acquisitions. DIVESTITURES AND PENDING DIVESTITURES We had no significant divestitures through the three months ended March 31, 2024. In 2023, we sold: ▪Fourth quarter – concrete operations in Texas resulting in a third quarter impairment charge of $28.3 million and a fourth quarter loss on sale of $13.8 million (the assets were written down to fair value less cost to sell in the third quarter) ▪Fourth quarter – excess real estate in Virginia resulting in a pretax gain of $65.7 million ▪Second quarter – real estate associated with a former recycled concrete facility in Illinois resulting in a pretax gain of $15.2 million No material assets met the criteria for held for sale at March 31, 2024, December 31, 2023 or March 31, 2023.
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