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Business Segments (Tables)
6 Months Ended
Jun. 30, 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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

(Dollars in Thousands)

 

Total revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid-America Group

 

$

278,676

 

 

$

257,649

 

 

$

465,023

 

 

$

398,482

 

Southeast Group

 

 

87,600

 

 

 

81,518

 

 

 

159,271

 

 

 

146,195

 

West Group

 

 

484,918

 

 

 

411,235

 

 

 

877,913

 

 

 

731,807

 

Total Aggregates Business

 

 

851,194

 

 

 

750,402

 

 

 

1,502,207

 

 

 

1,276,484

 

Cement

 

 

62,468

 

 

 

105,899

 

 

 

136,019

 

 

 

207,999

 

Magnesia Specialties

 

 

63,636

 

 

 

65,118

 

 

 

127,806

 

 

 

128,282

 

Total

 

$

977,298

 

 

$

921,419

 

 

$

1,766,032

 

 

$

1,612,765

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid-America Group

 

$

258,988

 

 

$

237,415

 

 

$

432,360

 

 

$

367,120

 

Southeast Group

 

 

82,676

 

 

 

76,483

 

 

 

149,961

 

 

 

136,253

 

West Group

 

 

455,115

 

 

 

375,489

 

 

 

819,040

 

 

 

662,570

 

Total Aggregates Business

 

 

796,779

 

 

 

689,387

 

 

 

1,401,361

 

 

 

1,165,943

 

Cement

 

 

59,791

 

 

 

100,405

 

 

 

129,664

 

 

 

196,970

 

Magnesia Specialties

 

 

58,866

 

 

 

60,457

 

 

 

118,371

 

 

 

119,211

 

Total

 

$

915,436

 

 

$

850,249

 

 

$

1,649,396

 

 

$

1,482,124

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Loss) from operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mid-America Group

 

$

80,552

 

 

$

66,894

 

 

$

94,976

 

 

$

62,691

 

Southeast Group

 

 

11,548

 

 

 

4,818

 

 

 

18,519

 

 

 

3,269

 

West Group

 

 

77,404

 

 

 

49,177

 

 

 

116,201

 

 

 

63,676

 

Total Aggregates Business

 

 

169,504

 

 

 

120,889

 

 

 

229,696

 

 

 

129,636

 

Cement

 

 

21,309

 

 

 

22,468

 

 

 

47,626

 

 

 

34,697

 

Magnesia Specialties

 

 

19,227

 

 

 

18,751

 

 

 

39,791

 

 

 

36,541

 

Corporate

 

 

(22,298

)

 

 

(25,124

)

 

 

(45,601

)

 

 

(38,319

)

Total

 

$

187,742

 

 

$

136,984

 

 

$

271,512

 

 

$

162,555

 

 

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 products. 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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

(Dollars in Thousands)

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aggregates

 

$

516,283

 

 

$

481,616

 

 

$

922,721

 

 

$

813,830

 

Asphalt and Paving

 

 

65,609

 

 

 

58,021

 

 

 

76,967

 

 

 

74,790

 

Ready Mixed Concrete

 

 

214,887

 

 

 

149,750

 

 

 

401,673

 

 

 

277,323

 

Total Aggregates Business

 

 

796,779

 

 

 

689,387

 

 

 

1,401,361

 

 

 

1,165,943

 

Cement

 

 

59,791

 

 

 

100,405

 

 

 

129,664

 

 

 

196,970

 

Magnesia Specialties

 

 

58,866

 

 

 

60,457

 

 

 

118,371

 

 

 

119,211

 

Total

 

$

915,436

 

 

$

850,249

 

 

$

1,649,396

 

 

$

1,482,124

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aggregates

 

$

164,353

 

 

$

137,272

 

 

$

245,431

 

 

$

178,690

 

Asphalt and Paving

 

 

12,876

 

 

 

7,891

 

 

 

6,714

 

 

 

3,116

 

Ready Mixed Concrete

 

 

25,293

 

 

 

9,341

 

 

 

43,380

 

 

 

11,424

 

Total Aggregates Business

 

 

202,522

 

 

 

154,504

 

 

 

295,525

 

 

 

193,230

 

Cement

 

 

24,002

 

 

 

30,414

 

 

 

56,559

 

 

 

49,400

 

Magnesia Specialties

 

 

21,692

 

 

 

21,224

 

 

 

44,662

 

 

 

41,402

 

Corporate

 

 

(1,515

)

 

 

(5,989

)

 

 

(5,411

)

 

 

(9,618

)

Total

 

$

246,701

 

 

$

200,153

 

 

$

391,335

 

 

$

274,414