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TXI

Texas Industries

5/21/2013, 6:08 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Thursday, March 28, 1:05 PM Texas Industries (TXI -4.3%) slips today in a bout of profit-taking on the back of an upbeat FQ3 report earlier this morning. Net losses narrowed as total sales increased 16% Y/Y, and bottom line margins were boosted by a pickup in construction in Texas and California. Gross margin also improved to 8.7%, compared with a negative 1.5% a year earlier, as increased shipments reduced unit costs. But the stock is up over 29% since January, and investors appear inclined to take advantage of the good news to lock in some profits while they can. Comment! [Earnings, On the Move]
Thursday, March 28, 12:13 AM Texas Industries (TXI): FQ3 EPS of -$0.30 beats by $0.11. Revenue of $141.3M beats by $0.32M. (PR) Comment! [Earnings, Breaking News]
Thursday, January 10, 10:43 AM Texas Industries (TXI -2.2%) slips today after its FQ2 missed its bottom line target due to charges, but managed to beat on its top line. Total sales grew by 14% Y/Y, and net losses narrowed as cement sales continue to strengthen. Sales at the cement segment, its biggest by revenue, rose 20% as the division swung to an operating profit, but total sales at the consumer products business slipped 9%. Gross margin also widened to 7% from 1%. Comment! [Earnings, On the Move]
Wednesday, January 9, 6:27 PM Texas Industries (TXI): FQ2 EPS of -$0.4 misses by $0.07. Revenue of $167.6M (+14.7% Y/Y) beats by $5.94M. Shares -7% AH. (PR) 2 Comments [Earnings, On the Move]
Tuesday, December 4, 2012, 5:42 PM Texas Industries (TXI) says it's entered into an agreement to exchange its expanded shale and clay aggregates manufacturing business for the ready-mix concrete business of subsidiaries of Trinity Industries (TRN) in east Texas and southwest Arkansas. The transaction is expected to close before year-end. TXI +1.2%, TRN -0.2% AH. Comment! [M&A]
Monday, October 22, 2012, 11:16 AM Texas Industries (TXI +2.2%) trades up on an upgrade to Neutral at Sterne Agee, citing investor enthusiasm over a potential takeover. The firm says that perceptions are focused on possible suitors who would revive end-market demand for the company's products. Additonally, TXI was mentioned positively over the weekend in a Barron's report, saying the cement company stands to be a substantial beneficiary from any recovery in the housing market. Comment! [On the Move]
Wednesday, September 26, 2012, 7:45 PM More on Texas Instruments (TXI): FQ1 meets top line expectations but misses on the bottom line, despite a bump up in margins. Net losses narrowed as the construction-materials company's cement sales improved 14% as the division's profit climbed 29%. Shares -1.5% AH. 1 Comment [Earnings, On the Move]
Wednesday, September 26, 2012, 6:28 PM Texas Industries (TXI) FQ1 EPS of -$0.09 misses by $0.02. Revenue of $191.8M (+5.5% Y/Y) beats by $5M. (PR) Comment! [Earnings]
Monday, August 27, 2012, 3:10 PM Texas Industries (TXI -1.4%) is requesting the Department of Commerce to initiate anti-dumping and countervailing duty investigations of unfairly priced gray portland cement imports from Greece and the Republic of Korea into the Texas region. TXI asserts that the imports are being sold at less than fair value, unfairly benefit from government subsidies and have materially injured Texas cement producers and their employees. Comment! [Global & FX]
Wednesday, July 11, 2012, 6:26 PM Texas Industries (TXI): FQ4 EPS of $2.15 may not be comparable to consensus of -$0.33. Revenue of $174.6M (-0.7% Y/Y) misses by $8M. (PR) Comment! [Earnings]
Wednesday, March 28, 2012, 6:22 PM Texas Industries (TXI): FQ3 EPS of -$0.87 misses by $0.06. Revenue of $134.6M (+7% Y/Y) beats by $2M. Shares -0.4% AH. (PR) Comment! [Earnings]
Wednesday, January 4, 2012, 7:21 PM Texas Industries (TXI) reports an FQ2 EPS loss of $0.75 per share, below consensus estimates, primarily due to restructuring costs. Revenue beat however, coming in at $156.1M versus Street expectations of $154.88M. Management was cautious on its 2012 outlook however, noting that "while the general economy is showing signs of some improvement, it has yet to manifest itself in increased construction activity in our markets." Comment! [Earnings]
Thursday, December 29, 2011, 3:02 PM Other homebuilding suppliers getting a boost from today's encouraging pending home sales data: Martin Marietta Materials (MMC +2.1%), Vulcan Materials (VMC +1.2%), Masco (MAS +6.9%), Texas Insustries (TXI +3.8%) and CRH (CRH +2.2%). Comment! [On the Move]
Thursday, December 1, 2011, 4:01 PM Texas Industries (TXI +8.8%) finishes sharply higher after it moves to block a hostile takeover effort by terminating an agreement with one of its largest shareholders, privately owned investment group NNS Holding and Nassef Sawiris. Comment! [M&A, On the Move]
Tuesday, August 30, 2011, 12:37 PM Texas Industries (TXI +4.3%) is trading higher at mid-day after Jefferies upgrades the shares to a buy on valuation, citing a recovery in its major markets in Texas and California. Separately, KeyBanc initiates with a hold. Comment! [On the Move]
Monday, January 3, 2011, 1:56 PM Goldman Sachs gets downbeat on a handful of semiconductor and semiconductor gear makers, believing their recent strong performance means there's now less upside. In particular, Goldman cut from Buy to Neutral Analog Devices (ADI), Linear Technology (LLTC), Lam Research (LRCX), and KLA Tencor (KLAC). Comment! [Tech]