Editorial

In July, a group of investors that manages $2 trillion told cement makers to accelerate efforts to reduce their emissions. The coalition is made up of...
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Cement Newsline

Following the implementation of Project CO₂MENT, Lafarge Canada has moved to the second stage of carbon capture at its Richmond, B.C., cement plant. Flue gas from the plant’s manufacturing facility is now captured through Svante’s equipment – reducing the amount of gases released into the...
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Cement Products

BinMaster’s PROCAP capacitance probes are an affordable, flexible solution for level detection in bins, tanks and silos. The probes detect the presence or absence of material in contact with the probe by sensing minute changes (as low as 0.5 pF) in capacitance caused by the difference in the...
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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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