Cement Newsline

The Harris County (Texas) Attorney’s Office filed a lawsuit accusing Houston-based Sesco Cement of violating the Texas Clean Air Act, Texas Solid Waste Disposal Act and the Texas Water Code, reported KHOU 11. The office alleges that cement powder from the facility has drifted off-site, causing...
More inLatest  

Features

Cement Consumption Is Directly Related to the Distribution of the Country’s Population, With the Buenos Aires Region Representing 42% of the Total. By...
More inFeatures  

Latest Digital Edition

Cement Products

Mineral processing equipment manufacturer and designer MechProTech has introduced hydrodynamic composite bearings made out of Vesconite thermopolymer plates that are bent into a half moon or quarter moon shape for its mills and scrubbers.
More inProducts  

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.

Let's stay in touch!

All of the latest news and our digital edition sent to your inbox once a week.

We'll never share your email address, and you can opt out at any time, we promise.

Resource Center