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Revenues and Gross Profit
9 Months Ended
Sep. 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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(Dollars in Thousands)

 

Total revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Building Materials Business:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products and services:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aggregates

 

$

818,693

 

 

$

691,822

 

 

$

2,121,443

 

 

$

1,785,961

 

Cement

 

 

119,609

 

 

 

98,223

 

 

 

330,976

 

 

 

300,554

 

Ready mixed concrete

 

 

271,844

 

 

 

254,686

 

 

 

724,179

 

 

 

750,424

 

Asphalt and paving services

 

 

131,099

 

 

 

95,961

 

 

 

225,669

 

 

 

191,652

 

Less: interproduct revenues

 

 

(77,419

)

 

 

(66,839

)

 

 

(203,554

)

 

 

(205,681

)

Products and services

 

 

1,263,826

 

 

 

1,073,853

 

 

 

3,198,713

 

 

 

2,822,910

 

Freight

 

 

91,543

 

 

 

72,264

 

 

 

224,765

 

 

 

185,390

 

Total Building Materials Business

 

 

1,355,369

 

 

 

1,146,117

 

 

 

3,423,478

 

 

 

3,008,300

 

Magnesia Specialties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products and services

 

 

59,334

 

 

 

68,365

 

 

 

198,886

 

 

 

201,390

 

Freight

 

 

5,543

 

 

 

5,158

 

 

 

16,304

 

 

 

14,357

 

Total Magnesia Specialties

 

 

64,877

 

 

 

73,523

 

 

 

215,190

 

 

 

215,747

 

Total

 

$

1,420,246

 

 

$

1,219,640

 

 

$

3,638,668

 

 

$

3,224,047

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Building Materials Business:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products and services:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aggregates

 

$

287,024

 

 

$

209,666

 

 

$

636,505

 

 

$

461,912

 

Cement

 

 

48,519

 

 

 

32,543

 

 

 

104,526

 

 

 

97,582

 

Ready mixed concrete

 

 

28,948

 

 

 

20,632

 

 

 

62,454

 

 

 

66,226

 

Asphalt and paving services

 

 

31,102

 

 

 

25,022

 

 

 

38,519

 

 

 

35,191

 

Products and services

 

 

395,593

 

 

 

287,863

 

 

 

842,004

 

 

 

660,911

 

Freight

 

 

317

 

 

 

(47

)

 

 

378

 

 

 

432

 

Total Building Materials Business

 

 

395,910

 

 

 

287,816

 

 

 

842,382

 

 

 

661,343

 

Magnesia Specialties:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products and services

 

 

23,997

 

 

 

26,823

 

 

 

79,816

 

 

 

76,756

 

Freight

 

 

(987

)

 

 

(1,076

)

 

 

(3,226

)

 

 

(3,280

)

Total Magnesia Specialties

 

 

23,010

 

 

 

25,747

 

 

 

76,590

 

 

 

73,476

 

Corporate

 

 

1,725

 

 

 

(579

)

 

 

1,446

 

 

 

4,474

 

Total

 

$

420,645

 

 

$

312,984

 

 

$

920,418

 

 

$

739,293