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Revenues and Gross Profit
6 Months Ended
Jun. 30, 2019
Revenues And Gross Profit [Abstract]  
Revenues and Gross Profit

10.

Revenues and Gross Profit

The Building Materials business includes the aggregates, cement, ready mixed concrete and asphalt and paving product lines. All cement, ready mixed concrete and asphalt and paving product lines reside in the West Group. The following table, which is reconciled to consolidated amounts, provides total revenues and gross profit by product line.  The Company’s two cold mix asphalt plants have been reclassified from the asphalt and paving product line to the aggregates product line. These operations did not represent a material amount of product revenues and gross profit. Prior-year information has been reclassified to conform to the presentation of the Company’s current reportable product lines.

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(Dollars in Thousands)

 

Total revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Building Materials Business:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products and services:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aggregates

 

$

757,802

 

 

$

666,966

 

 

$

1,302,750

 

 

$

1,094,139

 

Cement

 

 

112,350

 

 

 

113,148

 

 

 

211,367

 

 

 

202,331

 

Ready mixed concrete

 

 

241,178

 

 

 

277,202

 

 

 

452,335

 

 

 

495,738

 

Asphalt and paving services

 

 

82,198

 

 

 

81,482

 

 

 

94,570

 

 

 

95,692

 

Less: interproduct revenues

 

 

(67,772

)

 

 

(78,178

)

 

 

(126,135

)

 

 

(138,843

)

Products and services

 

 

1,125,756

 

 

 

1,060,620

 

 

 

1,934,887

 

 

 

1,749,057

 

Freight

 

 

77,473

 

 

 

68,821

 

 

 

133,223

 

 

 

113,126

 

Total Building Materials Business

 

 

1,203,229

 

 

 

1,129,441

 

 

 

2,068,110

 

 

 

1,862,183

 

Magnesia Specialties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products and services

 

 

70,379

 

 

 

68,157

 

 

 

139,553

 

 

 

133,025

 

Freight

 

 

5,860

 

 

 

4,805

 

 

 

10,760

 

 

 

9,199

 

Total Magnesia Specialties

 

 

76,239

 

 

 

72,962

 

 

 

150,313

 

 

 

142,224

 

Total

 

$

1,279,468

 

 

$

1,202,403

 

 

$

2,218,423

 

 

$

2,004,407

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Building Materials Business:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products and services:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aggregates

 

$

251,422

 

 

$

198,705

 

 

$

349,482

 

 

$

252,246

 

Cement

 

 

42,229

 

 

 

41,305

 

 

 

56,007

 

 

 

65,038

 

Ready mixed concrete

 

 

19,014

 

 

 

29,952

 

 

 

33,506

 

 

 

45,593

 

Asphalt and paving services

 

 

15,742

 

 

 

18,347

 

 

 

7,415

 

 

 

10,169

 

Products and services

 

 

328,407

 

 

 

288,309

 

 

 

446,410

 

 

 

373,046

 

Freight

 

 

227

 

 

 

598

 

 

 

63

 

 

 

480

 

Total Building Materials Business

 

 

328,634

 

 

 

288,907

 

 

 

446,473

 

 

 

373,526

 

Magnesia Specialties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products and services

 

 

29,212

 

 

 

24,870

 

 

 

55,819

 

 

 

49,933

 

Freight

 

 

(1,174

)

 

 

(1,028

)

 

 

(2,239

)

 

 

(2,203

)

Total Magnesia Specialties

 

 

28,038

 

 

 

23,842

 

 

 

53,580

 

 

 

47,730

 

Corporate

 

 

195

 

 

 

3,168

 

 

 

(279

)

 

 

5,053

 

Total

 

$

356,867

 

 

$

315,917

 

 

$

499,774

 

 

$

426,309