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Revenues (Building Materials) $1.8 billion, a 6% decrease year-over-year due to the February divestiture of South Texas cement and related concrete businesses, along with shipment declines in all product lines, partially offset by acquisition contributions.
Gross Profit (Building Materials) $588 million, a 9% decrease year-over-year, primarily driven by the same factors affecting revenues.
Aggregates Gross Profit per Ton $8.16, a 3% increase year-over-year, highlighting the efficacy of the company's value over volume commercial strategy despite lower shipment volumes.
Aggregates Pricing Increased by 7.7% (8.9% on an organic mix-adjusted basis) year-over-year.
Cement and Concrete Revenues $296 million, a 30% decrease year-over-year, primarily due to the divestiture of the South Texas cement plant and its related concrete operations.
Cement and Concrete Gross Profit $89 million, a 37% decrease year-over-year, driven by the same divestiture.
Asphalt and Paving Revenues $343 million, a 5% decrease year-over-year, due to wet weather, project delays, and a softer nonresidential market.
Asphalt and Paving Gross Profit $61 million, an 8% decrease year-over-year, impacted by lower revenues and higher aggregates costs.
Magnesia Specialties Revenues $82 million, record high for the third quarter, driven by strong pricing and improved lime shipments.
Magnesia Specialties Gross Profit $29 million, record high for the third quarter, as benefits from strong pricing and improved lime shipments more than offset lower chemical shipments.
Cash Flows from Operations $601 million, an increase of 32% year-over-year, primarily due to working capital improvements that more than offset lower net earnings.
Capital Deployed on Aggregates Assets Over $2.5 billion for the nine months ended September 30, 2024.
Capital Invested Back into Business $622 million for the nine months ended September 30, 2024.
Shareholder Returns (Dividends and Share Repurchases) $591 million for the nine months ended September 30, 2024.
Dividend Increase 7% increase to the quarterly cash dividend paid in September, reaffirming confidence in the company's future growth and free cash flow generation.
Net Debt-to-EBITDA Ratio 2.0 times for the trailing 12 months ended September 30, at the low end of the targeted range of 2 to 2.5 times.
