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DALLAS, Sept. 26, 2012 (GLOBE NEWSWIRE) -- Texas Industries, Inc. (NYSE:TXI) today reported financial results for the quarter ended August 31, 2012. Results for the quarter were a net loss of $2.7 million or $.09 per share. Results for the quarter ended August 31, 2011 were a loss of $7.4 million or $.27 per share.
"Though not back to pre-recession levels, our results reflect improvement in our markets," stated Mel Brekhus, Chief Executive Officer. "Shipments are up, pricing is improving and we are seeing the benefits of our margin enhancement initiatives."
"I am looking forward to beginning the commissioning of our new cement kiln in central Texas this fall. This specific market is strong and needs the additional cement that we will be able to produce," added Brekhus.
A teleconference will be held September 27, 2012 at 10:00 Central Daylight Time to further discuss quarter results. A real-time webcast of the conference is available by logging on to TXI's website at
The following is a summary of operating results for our business segments and certain other operating information related to our principal products.
Three months ended August 31,
In thousands except per unit
Other sales and delivery fees
Total segment sales
Cost of products sold
Selling, general and administrative
Cost of sales ($/ton)
Cement operating profit for the three-month periods ended August 31, 2012 and August 31, 2011 was $8.4 million and $6.5 million, respectively.