TXI Reports 1Q Profit Turnaround

Texas Industries Inc. (TXI) reported a turnaround in profit in the first quarter on strong revenue growth. Net sales for the quarter grew 34 percent to $233.08 million from $174.52 million in the prior-year quarter. Net income for the first quarter was $0.43 million or $0.01 per share, compared to net loss of $2.66 million or $0.08 per share in…

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