Texas Industries Inc. (TXI, Financial) filed Quarterly Report for the period ended 2008-11-30.
Texas Industries Inc. is a leading supplier of construction materials through two business segments: cement aggregate and concrete products; and structural steel and specialty bar products. Through the CAC segment TXI produces and sells cement stone sand and gravel expanded shale and clay aggregate and concrete products. Through its Steel segment TXI produces and sells structural steelpiling products specialty bar products merchant bar-quality roundsreinforcing bar and channels. Texas Industries Inc. has a market cap of $928.86 million; its shares were traded at around $29.35 with a P/E ratio of 12 and P/S ratio of 0.9. The dividend yield of Texas Industries Inc. stocks is 0.89%.
Total cement sales for the six-month period ended November 30, 2008 decreased $36.2 million from the prior year period as construction activity declined in our California market area. Construction activity also declined in our Texas market area during the November 2008 quarter. Our Texas area accounted for approximately 70% of total cement sales in the current period compared to 65% of total cement sales in the prior year period. In our Texas market area cement shipments decreased 10% from the prior year period and average prices increased 2%. In our California market area cement shipments decreased 16% from the prior year period and average prices decreased 13%.
Total segment sales for the six-month period ended November 30, 2008 decreased $11.8 million from the prior year period as total stone, sand and gravel sales were down $6.8 million. Total stone, sand and gravel shipments decreased 14% from the prior year period and average prices increased 7%.
Cost of products sold for the three-month period ended November 30, 2008 decreased $13.4 million from the prior year period primarily due to lower shipments. Overall ready-mix concrete unit costs increased 9% from the prior year period primarily due to higher raw material costs, as well as higher distribution and transportation costs. Our raw material unit costs in the current period increased approximately 7% from the prior year period. Our cost of diesel fuel per gallon in the current period increased approximately 33% from the prior year period.
Total segment sales for the six-month period ended November 30, 2008 decreased $16.7 million as total ready-mix concrete sales were down $20.5 million. Total ready-mix concrete volumes decreased 16% from the prior year period and average prices increased 4%.
Cost of products sold for the six-month period ended November 30, 2008 decreased $7.4 million from the prior year period primarily due to lower shipments during the November 2008 quarter. Overall ready-mix concrete unit costs increased 9% from the prior year period primarily due to higher raw material costs, as well as higher distribution and transportation costs. Our raw material unit costs in the current period increased approximately 7% from the prior year period. Our cost of diesel fuel per gallon in the current period increased approximately 59% from the prior year period.
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Gurus buys and sells of TXI
10-year financial history of TXI.
Insider buys/sells of TXI.
Texas Industries Inc. is a leading supplier of construction materials through two business segments: cement aggregate and concrete products; and structural steel and specialty bar products. Through the CAC segment TXI produces and sells cement stone sand and gravel expanded shale and clay aggregate and concrete products. Through its Steel segment TXI produces and sells structural steelpiling products specialty bar products merchant bar-quality roundsreinforcing bar and channels. Texas Industries Inc. has a market cap of $928.86 million; its shares were traded at around $29.35 with a P/E ratio of 12 and P/S ratio of 0.9. The dividend yield of Texas Industries Inc. stocks is 0.89%.
Highlight of Business Operations:
Total cement sales for the three-month period ended November 30, 2008 decreased $24.2 million from the prior year period as construction activity declined in both our Texas and California market areas. Our Texas market area accounted for approximately 70% of total cement sales in the current period compared to 68% of total cement sales in the prior year period. In our Texas market area cement shipments decreased 19% from the prior year period and average prices increased 3%. In our California market area cement shipments decreased 14% from the prior year period and average prices decreased 14%.Total cement sales for the six-month period ended November 30, 2008 decreased $36.2 million from the prior year period as construction activity declined in our California market area. Construction activity also declined in our Texas market area during the November 2008 quarter. Our Texas area accounted for approximately 70% of total cement sales in the current period compared to 65% of total cement sales in the prior year period. In our Texas market area cement shipments decreased 10% from the prior year period and average prices increased 2%. In our California market area cement shipments decreased 16% from the prior year period and average prices decreased 13%.
Total segment sales for the six-month period ended November 30, 2008 decreased $11.8 million from the prior year period as total stone, sand and gravel sales were down $6.8 million. Total stone, sand and gravel shipments decreased 14% from the prior year period and average prices increased 7%.
Cost of products sold for the three-month period ended November 30, 2008 decreased $13.4 million from the prior year period primarily due to lower shipments. Overall ready-mix concrete unit costs increased 9% from the prior year period primarily due to higher raw material costs, as well as higher distribution and transportation costs. Our raw material unit costs in the current period increased approximately 7% from the prior year period. Our cost of diesel fuel per gallon in the current period increased approximately 33% from the prior year period.
Total segment sales for the six-month period ended November 30, 2008 decreased $16.7 million as total ready-mix concrete sales were down $20.5 million. Total ready-mix concrete volumes decreased 16% from the prior year period and average prices increased 4%.
Cost of products sold for the six-month period ended November 30, 2008 decreased $7.4 million from the prior year period primarily due to lower shipments during the November 2008 quarter. Overall ready-mix concrete unit costs increased 9% from the prior year period primarily due to higher raw material costs, as well as higher distribution and transportation costs. Our raw material unit costs in the current period increased approximately 7% from the prior year period. Our cost of diesel fuel per gallon in the current period increased approximately 59% from the prior year period.
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Gurus who own TXI
TXI is in the portfolios of John Keeley, Mason Hawkins. More on TXI:Gurus buys and sells of TXI
10-year financial history of TXI.
Insider buys/sells of TXI.
