Texas Industries 3Q down

Texas Industries 3Q down
Published: 31 March 2006

Texas Industries Inc.’s (TXI) fiscal third-quarter profit fell 29 per cent from a year-earlier period that included income of US$14.5m from discontinued operations. The Dallas cement producer said net income decreased to US$11.3m, or 47 cents from US$16m, or 69 cents a year earlier. Texas Industries’ sales for the third quarter ended Feb. 28 climbed to US$216.8m from $181 million.   The company’s sales growth reflects higher cement, aggregate and ready-mix concrete prices for the latest period, as well as construction activity in the Texas and California regions.