Editorial

It’s a new year, and that means everyone has an analysis of the cement market. I attended the Intercem conference in Miami last October, and Colin...
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Cement Newsline

HeidelbergCement announced a succession plan that will see an early-2020 shift of executives on the managing board. Upon conclusion of his third term at the end of January 2020, Dr. Bernd Scheifele will vacate his role of chairman of the managing board, and will stand as supervisory board chair...
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Features

Use Integrated Monitoring Networks to Reinforce Safe Working Conditions and Provide Input for Ongoing Data-Driven Mine Planning Decisions. By Phil...
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Latest Digital Edition

Cement Products

Increased production pressures have sparked a rise in inquiries regarding rapid dry-out materials. Often, the inquirer wants to use a rapid-fire material to reduce the downtime of their furnace equipment. However, businesses looking for a good balance of refractory properties should consider...
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TXI’s 2nd-Quarter Loss Narrows as Cement Sales Go Up

Texas Industries Inc.’s (TXI) fiscal second-quarter loss narrowed as the company’s cement sales and margins continued to strengthen. Sales at the cement segment, the company’s biggest by revenue, rose 20 percent as the division swung to an operating profit. Total sales at the consumer products business slipped 9 percent.

When the quarter ended Nov. 30, TXI reported a loss of $11.1 million, or 40 cents a share, compared with a year-earlier loss of $21 million, or 75 cents a share. The latest period included a charge for stock-based compensation of 5 cents a share, while the year-ago period included a restructuring-related charge of 11 cents a share and income from stock-based compensation of 6 cents a share. Revenue climbed 15 percent to $167.7 million.

The company, which sells cement and other building materials mainly in Texas and California, has struggled to compete against more geographically diversified peers. Soft demand prompted Texas Industries to unveil a series of cost cuts in 2011 that increased efficiency but reduced its workforce. However, the company has reported improvement in its cement segment and stronger margins in recent quarters.

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