Cement Newsline

The World Cement Association announced the topics for this year’s WCA World Cement Conference, in association with Intercem. The focus will be on the “Future for Cement Industry,” following a reshaping of the industry caused by digitalization, new regulations and barriers of entry as well as...
More inLatest  

Latest Digital Edition

Cement Scope

Consistent with its Strategy 2022, LafargeHolcim announced that it will close its head offices in Paris and Zurich by the end of the year,...
More inCementScope  

Cement Products

BinMaster brings a sense of simplicity to customers seeking basic operation and single-point particulate monitoring with the new DD-3000 Dust Alert sensor.
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