Total segment sales for the three-month period ended August 31, 2012 were $58.7 million compared to $45.1 million for the prior year period. Stone, sand and gravel sales increased $6.0 million from the prior year period on 25% higher shipments and 2% higher average prices.
Cost of products sold for the three-month period ended August 31, 2012 increased $10.5 million from the prior year period primarily due to increased stone, sand and gravel shipments. Stone, sand and gravel unit costs decreased 4% from the prior year period primarily due to the effect of higher shipments on unit costs.
Selling, general and administrative expense for the three-month period ended August 31, 2012 decreased $0.6 million from the prior year period primarily due to our work force reduction initiatives.
Other income for the three-month period ended August 31, 2012 increased $1.4 million primarily due to higher gains from routine sales of surplus operating assets.Consumer Products Operations
|Three months ended August 31,|
|In thousands except per unit||2012||2011|
|Ready-mix concrete sales||$ 51,918||$ 56,228|
|Package products sales and delivery fees||127||14,796|
|Total segment sales||52,045||71,024|
|Cost of products sold||52,673||71,197|
|Selling, general and administrative||(2,690)||(4,374)|
|Operating Loss||$ (1,908)||$ (2,340)|
|Shipments (cubic yards)||649||741|
|Prices ($/cubic yard)||$80.08||$75.93|
|Cost of sales ($/cubic yard)||$80.97||$78.91|
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