EX-99.5 6 d856383dex995.htm EX-99.5 EX-99.5

Exhibit 99.5

Asphalt Inc., LLC dba Lone Star Paving Company and Subsidiaries

Financial Statements ($ in 000’s)

 

Revenues    6/30/2024 YTD     6/30/2023 YTD  

Paving revenues

   $ 215,287     $ 167,038  

Material sales

     29,108       22,031  
  

 

 

   

 

 

 

Total:

     244,396       189,069  
  

 

 

   

 

 

 

Costs and expenses

    

Cost of paving revenues

     (169,848     (134,337

Cost of material sales

     (21,317     (17,996
  

 

 

   

 

 

 

Total:

     (191,165     (152,332
  

 

 

   

 

 

 

Gross Profit

     53,230       36,736  

Selling, general & admin

     (12,881     (11,129
  

 

 

   

 

 

 

Income from operations

     40,349       25,607  

Other income (expense)

    

Other income

     809       690  

Gain (loss) on sale

     10,278       1,103  

Taxes

     (337     (144

Interest expense

     (4,110     (2,322
  

 

 

   

 

 

 

Net income

   $ 46,989     $ 24,934  
  

 

 

   

 

 

 

Other items

    

Depreciation expense

     10,101       8,485  

Amortization expense

     1,257       990