| Schedule of Segment Financial Disclosure |
SEGMENT FINANCIAL DISCLOSURE | | | | | | | | | | | | | | | | Three Months Ended
September 30 | Nine Months Ended
September 30 | | in millions | 2025 | 2024 | 2025 | 2024 | | Total Revenues | | | | | Aggregates 1 | $ | 1,792.1 | | $ | 1,572.4 | | $ | 4,777.5 | | $ | 4,477.3 | | Asphalt 2 | 416.1 | | 381.1 | | 993.7 | | 918.5 | | | Concrete | 237.5 | | 174.4 | | 635.2 | | 489.9 | | | Segment sales | $ | 2,445.7 | | $ | 2,127.9 | | $ | 6,406.4 | | $ | 5,885.7 | | | Aggregates intersegment sales | (154.2) | | (124.0) | | (377.9) | | (321.7) | | | Total | $ | 2,291.5 | | $ | 2,003.9 | | $ | 6,028.5 | | $ | 5,564.0 | | | Cost of Revenues | | | | | | Aggregates | $ | (1,025.8) | | $ | (949.9) | | $ | (2,870.6) | | $ | (2,825.3) | | | Asphalt | (345.1) | | (320.9) | | (860.8) | | (794.6) | | | Concrete | (223.4) | | (167.9) | | (609.4) | | (481.7) | | | Total | $ | (1,594.3) | | $ | (1,438.7) | | $ | (4,340.8) | | $ | (4,101.6) | | | Gross Profit | | | | | | Aggregates | $ | 612.1 | | $ | 498.5 | | $ | 1,529.0 | | $ | 1,330.3 | | | Asphalt | 71.0 | | 60.2 | | 132.9 | | 123.9 | | | Concrete | 14.1 | | 6.5 | | 25.8 | | 8.2 | | | Total | $ | 697.2 | | $ | 565.2 | | $ | 1,687.7 | | $ | 1,462.4 | | | Reconciliation to Pretax Earnings | | | | | | Selling, administrative and general expenses | $ | (145.3) | | $ | (129.1) | | $ | (428.0) | | $ | (393.0) | | | Loss on impairments | 0.0 | | (86.6) | | 0.0 | | (86.6) | | | Other operating income (expense), net | (8.7) | | (12.4) | | (19.0) | | (19.3) | | | Other nonoperating income (expense), net | 0.7 | | (3.8) | | 0.4 | | (12.7) | | | Interest expense, net | (55.3) | | (38.4) | | (174.2) | | (117.7) | | | Earnings from continuing operations before income taxes | $ | 488.6 | | $ | 294.9 | | $ | 1,066.9 | | $ | 833.1 | |
1Includes product sales (crushed stone, sand and gravel, sand and other aggregates), freight & delivery costs that we pass along to our customers, and service revenues (see Note 4) related to our aggregates business. 2Includes product sales as well as service revenues (see Note 4) from our asphalt construction paving business. | | | | | | | | | | | | | | | | Three Months Ended
September 30 | Nine Months Ended
September 30 | | in millions | 2025 | 2024 | 2025 | 2024 | Depreciation, Depletion, Accretion and Amortization 1 | | | | | | Aggregates | $ | 153.6 | | $ | 130.3 | | $ | 448.2 | | $ | 381.8 | | | Asphalt | 12.9 | | 12.0 | | 39.0 | | 31.9 | | | Concrete | 16.5 | | 10.9 | | 50.9 | | 34.9 | | | Other | 8.4 | | 7.5 | | 25.1 | | 19.8 | | | Total | $ | 191.4 | | $ | 160.7 | | $ | 563.2 | | $ | 468.4 | | Capital Expenditures 2 | | | | | | Aggregates | $ | 214.9 | | $ | 96.1 | | $ | 394.4 | | $ | 371.0 | | | Asphalt | 6.5 | | 5.9 | | 20.5 | | 22.8 | | | Concrete | 0.6 | | 2.0 | | 7.6 | | 7.7 | | | Corporate | 12.9 | | 0.1 | | 19.3 | | 0.4 | | | Total | $ | 234.9 | | $ | 104.1 | | $ | 441.8 | | $ | 401.9 | | Identifiable Assets 3 | | | | | | Aggregates | | | $ | 14,539.4 | | $ | 12,023.1 | | Asphalt 4 | | | 877.5 | | 748.0 | | | Concrete | | | 977.1 | | 794.8 | | Total identifiable assets 5 | | | $ | 16,394.0 | | $ | 13,565.9 | | | General corporate assets | | | 389.3 | | 351.7 | | | Cash and cash equivalents and restricted cash | | | 195.2 | | 434.3 | | | Total | | | $ | 16,978.5 | | $ | 14,351.9 | |
1Depreciation, Depletion, Accretion & Amortization (DDA&A) for each segment is included in cost of revenues. 2Capital expenditures include changes in accruals for purchases of property, plant & equipment. Capital expenditures exclude property, plant & equipment obtained by business acquisitions. 3Certain temporarily idled assets are included within a segment's Identifiable Assets, but the associated DDA&A is shown within Other in the DDA&A section above as the related DDA&A is excluded from segment gross profit. 4Includes assets classified as held for sale (see Note 16 for additional information). 5The increase in total identifiable assets is primarily due to acquisitions completed in 2024 (see Note 16 for additional information).
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