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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Cementos Argos Expands U.S. Efforts

Controlled by the Medellín-based conglomerate Grupo Argos, Cementos Argos is concentrating its efforts on the southeastern United States, across an area that extends from Texas to North Carolina. “The Southeast is very attractive,” said José Alberto Vélez, chief executive of Grupo Argos and Cementos Argos chairman. “There is good access to sea transportation. The demographic is young and growing and,…

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