Reportable Segment Information

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Reportable Segment Information

Reportable Segment Information

Our reportable segments are the same as our operating segments and correspond with how our chief operating decision maker, or decision-making group (our “CODM”), regularly reviews financial information to allocate resources and assess performance. We identified our CODM as our Chief Executive Officer and our Chief Operating Officer. Our reportable segments are: Construction and Materials.

Summarized segment information is as follows (in thousands):

Three months ended June 30,	Construction		Materials		Total
2024
Total revenue from reportable segments	$	917,954	$	239,468	$	1,157,422
Elimination of intersegment revenue	—		(74,936)		(74,936)
Revenue from external customers	$	917,954	$	164,532	$	1,082,486
Gross profit	$	135,372	$	29,339	$	164,711
Depreciation, depletion and amortization	$	13,501	$	10,917	$	24,418
2023
Total revenue from reportable segments	$	749,413	$	206,832	$	956,245
Elimination of intersegment revenue	—		(57,693)		(57,693)
Revenue from external customers	$	749,413	$	149,139	$	898,552
Gross profit	$	79,154	$	23,932	$	103,086
Depreciation, depletion and amortization	$	10,238	$	7,090	$	17,328

Six Months Ended June 30,	Construction		Materials		Total
2024
Total revenue from reportable segments	$	1,513,167	$	328,172	$	1,841,339
Elimination of intersegment revenue	—		(86,578)		(86,578)
Revenue from external customers	$	1,513,167	$	241,594	$	1,754,761
Gross profit	$	192,200	$	26,796	$	218,996
Depreciation, depletion and amortization	$	27,204	$	21,394	$	48,598
Segment assets as of period end	$	565,222	$	570,908	$	1,136,130
2023
Total revenue from reportable segments	$	1,252,829	$	278,752	$	1,531,581
Elimination of intersegment revenue	—		(72,961)		(72,961)
Revenue from external customers	$	1,252,829	$	205,791	$	1,458,620
Gross profit	$	115,859	$	19,586	$	135,445
Depreciation, depletion and amortization	$	19,993	$	13,213	$	33,206
Segment assets as of period end	$	443,112	$	414,858	$	857,970

A reconciliation of segment gross profit to consolidated income (loss) before income taxes is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2024		2023		2024		2023
Total gross profit from reportable segments	$	164,711	$	103,086	$	218,996	$	135,445
Selling, general and administrative expenses	70,052		64,563		158,045		137,685
Other costs, net	10,225		13,607		21,235		18,130
Gain on sales of property and equipment, net	(1,387)		(3,944)		(2,805)		(5,981)
Total other expense, net	26,271		43,682		21,939		35,674
Income (loss) before income taxes	$	59,550	$	(14,822)	$	20,582	$	(50,063)