Page 74 - 2019 Annual Report

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued)
Products and services gross margin by reportable segment and total products and services consolidated gross margin are as follows:
years ended December 31 2019 2018
Mid-America Group 36.3% 32.3%
Southeast Group 25.6% 19.0%
West Group 20.1% 19.2%
Total Building Materials Business 25.9% 23.2%
Magnesia Specialties 39.8% 38.3%
Total Consolidated 26.7% 24.2%

Gross profit (loss) by product line is as follows:
years ended December 31
(in millions) 2019 2018
Building Materials Business:
Aggregates $ 807.9 $ 608.4
Cement 143.4 126.2
Ready Mixed Concrete 78.8 74.2
Asphalt and Paving Services 50.7 51.3
Products and Services 1,080.8 860.1
Freight (0.2 ) 0.2
Building Materials Business 1,080.6 860.3

Magnesia Specialties:
Products and Services 99.4 102.9
Freight (4.0 ) (4.2 )
Magnesia Specialties 95.4 98.7
Corporate 3.0 7.6
Total Consolidated Gross Profit $ 1,179.0 $ 966.6

Products and services gross margin by product line and total products and services consolidated gross margin are as follows:
years ended December 31 2019 2018
Aggregates 29.3% 25.7%
Cement 32.7% 32.5%
Ready Mixed Concrete 8.3% 7.7%
Asphalt and Paving 17.2% 19.8%
Total Building Materials Business 25.9% 23.2%
Magnesia Specialties 39.8% 38.3%
Total Consolidated 26.7% 24.2%

The following presents a rollforward of the Company’s consolidated gross profit:
years ended December 31
(in millions) 2019 2018
Consolidated gross profit, prior year $ 966.6 $ 971.9

Aggregates:
Pricing 111.5 89.7
Volume 139.3 41.9
1
Operational performance (51.3 ) (125.5 )
Change in aggregates gross profit 199.5 6.1
Cement and downstream operations products and services 21.1 (19.0 )
Magnesia Specialties products (3.4 ) 8.8
Corporate (4.6 ) 0.7
Freight (0.2 ) (1.9 )
Change in consolidated gross profit 212.4 (5.3 )
Consolidated gross profit, current year $ 1,179.0 $ 966.6

1 Inclusive of cost increases/decreases, product and geographic mix and other operating impacts

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